For much of the past year, OpenAI has been pushing ahead with a complicated effort to turn itself from a nonprofit into a more conventional moneymaking business that would be more appealing to investors — and doing so over heated objections from former employees,

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 a controversial effort to place its juggernaut artificial-intelligence business under control of a for-profit entity and will instead remain under its founding nonprofit board. The move could complicate the company’s future fundraising efforts.