Artificial intelligence (AI) startup OpenAI said Friday it needs to raise more money than expected to meet its goals, and laid out plans for transitioning toward a for-profit structure.

OpenAI was founded as a 澳洲幸运5官方开奖结果体彩网:non-profit with the stated mission of "building safe and beneficial artificial general intelligence for the benefit of humanity." However, it has since shifted to a hybrid "capped profit" structure with a for-profit subsidiary controlled by its non-profit arm, in order to raise the funds to support its work.

“The hundreds of billions of dollars that major companies are now invest🐲ing into AI development show what it will really take for OpenAI to continue pursuing the mission,” OpenAI said in a blog post Friday, adding that means it needs “to raise more capital than we’d imagined.”

The ChatGPT maker said it plans to restructure next year as a public benefit corporation (PBC) with ordinary shares of stock. The꧟ PBC will run and control OpenAI's operations, while its non-profit arm will hire a leadership team and staff “to pursue charitable initiatives.”

The new structure will better "equip each arm to do its part," it said.