OpenAI doesn't want to be so open anymore. According to a new report, OpenAI — the organization that burst onto the scene with the release of its popular AI chatbot, ChatGPT, in 2022 — is looking to restructure into a for-profit company.

OpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-p

Executives and researchers have left the artificial-intelligence company this year amid disputes over the its values and fights among its leaders.

OpenAI is closing in on raising $6.5 billion — the largest venture capital raise in history. But in order to do so it looks like it will need to do the Delaware equivalent of selling its soul — it will have to overhaul its governance structure so that it's no longer controlled by a nonprofit organization.