OpenAI is moving forward with its restructuring plans, announcing that it’s nonprofit arm will hold an equity stake exceeding $100bn in the resulting business. Although, it backed down from its plan earlier this year, announcing instead that the nonprofit will retain control of the company. OpenAI is going ahead with the new plan, announcing that its nonprofit will control the PBC and share in its profits. The nonprofit’s $100bn equity stake makes it “one of the most well-resourced philanthropic organisations in the world”, the company said. In February, Musk made an unsolicited bid to purchase the nonprofit that controls OpenAI for almost $100bn.