OpenAI, the pioneering force behind artificial intelligence breakthroughs, has unveiled a plan to overhaul its corporate structure, signaling a significant strategic shift to fuel its ambitious pursuit of artificial general intelligence (AGI).

OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would receive shares in the new company.

Under OpenAI’s current nonprofit structure, there is a cap on the returns that its backers can realize. Additionally, investors reportedly had to sign an agreement that states it “would be wise to view any investment in [OpenAI’s for-profit subsidiary] in the spirit of a donation.”

One of OpenAI’s co-founders, billionaire Elon Musk, has filed for an injunction to halt the company’s transition to a for-profit, accusing OpenAI of abandoning its original philanthropic mission. Musk has also alleged that OpenAI has deprived his AI company, xAI, of capital by extracting promises from investors not to fund it.

OpenAI on Friday laid out a plan to revamp its corporate structure next year, saying it would create a public benefit corporation to manage its growing business and ease the restrictions imposed by its current non-profit parent.

CNBC's Kate Rooney joins 'Money Movers' to discuss OpenAI's for-profit plans. Biden stands by ‘surge of weapons’ to Ukraine as Trump handover looms CC Sabathia Names Which Team's Cap He Wants On His Hall of Fame Plaque What’s the Difference Between Diet Soda and Zero-Sugar Soda?

OpenAI has laid out plans to become a for-profit company. In a blog post published on Friday, OpenAI’s board said it will replace the company’s existing structure with one that puts control into the hands of its for-profit arm.