Under the proposed structure, the public benefit corporation (PBC) will run and control OpenAI’s operations and business, while the non-profit will hire a leadership team and staff for charitable initiatives in sectors such as health care, education and science. Its latest $6.6 billion funding round at a valuation of $157 billion was contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. OpenAI plans to turn its existing for-profit arm into a public benefit corporation, incorporated in Delaware, it said.