OpenAI has reorganized as a public benefit corporation after approval from Delaware and California attorneys general. The move allows the artificial intelligence technology company to profit more easily while remaining under nonprofit control. OpenAI plans to potentially go public in the future. Microsoft now holds a 27% stake in OpenAI’s for-profit arm, valued at $135 billion. The company’s restructuring follows a year of negotiation with regulators. OpenAI also announced plans to invest in new data centers and partnerships with chipmakers. Elon Musk, an early investor, has criticized the company’s direction.

Read more at Yahoo Finance: OpenAI may move forward with new business structure, partnership with Microsoft, regulators say