OpenAI’s $157 billion worth and rising AI development costs pushed it toward a structure that can tap into deeper capital. OpenAI, one of the world’s most valuable startups, originally began in 2015 as a nonprofit focused on AI research.

Encode, a nonprofit AI safety org, has requested permission to file an amicus brief in support of Elon Musk's injunction to halt OpenAI's transition to a for-profit.

But OpenAI has received more than $13 billion in funding from Microsoft over the years, and that money has come with a strange contractual agreement that the startup would stop allowing Microsoft to use any new technology it develops after AGI is achieved.

OpenAI on Friday outlined plans to revamp its structure, saying it would create a public benefit corporation to make it easier to "raise more capital than we'd imagined," and remove the restrictions imposed on the startup by its current nonprofit parent.

The corporate transition will allow OpenAI to raise more money and finally give its board the freedom to consider what its investors want.

OpenAI on Friday laid out a plan to transition its for-profit arm into a Delaware public benefit corporation (PBC) to help it raise capital and stay ahead in the costly AI race against companies such as Google.

"We have a nonprofit and a for-profit today, and we will continue to have both, with the for-profit’s success enabling the nonprofit to be well funded, better sustained, and in a stronger position for the mission," OpenAI said.

OpenAI has other AI tools like Sora, which quickly creates videos from text prompts. Another, Whisper, transcribes and translates speech into text.

OpenAI, the famous artificial intelligence research organization, is undergoing a significant transformation to enhance its mission of advancing artificial general intelligence (AGI) for the good of all humanity.

Oklo is a nuclear power company that develops small modular nuclear reactors to provide clean energy made from nuclear waste.