OpenAI's new restructuring plan has implciations for its corporate future, especially if the organization hopes to one day IPO.

In a dramatic reversal, the company said Monday it would no longer try to separate control of its for-profit arm from the non-profit board that currently oversees operations. "We made the decision for the nonprofit to retain control of OpenAI after hearing from civic leaders and engaging in constructive dialogue with the offices of the Attorney General of Delaware and the Attorney General of California,

OpenAI abandoned its effort to shift to a for-profit corporate structure, instead opting for a public benefit corporation that will be overseen by its nonprofit.