OpenAI scraps plans to become fully for-profit, reaffirming nonprofit control after pressure from critics, investors, and state officials.

OpenAI, led by Sam Altman, has decided to retain nonprofit control over its for-profit operations, scaling back its transition to a public benefit corporation amid legal pressure and investor demands.

ChatGPT maker OpenAI said it will no longer seek to restructure into a for-profit company separate from its nonprofit board, a move Elon Musk had sought to block.