OpenAI has abandoned plans to restructure as a for-profit entity in a major victory for Elon Musk.

The decision means that the nonprofit board, the same one that briefly fired CEO Sam Altman in 2023, will stay in control of the organization.

After Altman's sudden firing and return last year, the company announced plans to turn it from a public-benefit corporation to a for-profit entity.

The decision represents a major victory for Elon Musk.