OpenAI intends to restructure its operations, transitioning from a non-profit entity to a for-profit benefit corporation in a bid to become more appealing to investors.

This restructuring is still under discussion, integrating legal and shareholder feedback, which leaves the timeline for completion uncertain.

OpenAI’s CEO Sam Altman is set to receive equity for the first time under the for-profit model.

It remains unclear how much equity Altman will hold in the new structure, as he has previously declined an equity stake to encourage a board of disinterested directors.

Under the new structure, the OpenAI non-profit will maintain a minority stake in the for-profit entity.

Following this transition, OpenAI’s valuation is expected to reach $150 billion.