ChatGPT maker OpenAI said it will no longer seek to restructure into a for-profit company separate from its nonprofit board, a move Elon Musk had sought to block.

OpenAI CEO Sam Altman shared an open letter announcing that the firm's non-profit business will retain control over the for-profit side.

Sam Altman and Elon Musk aren’t just competing in the AI race; they both have ambitions to build Silicon Valley’s holy grail: an “everything” super app encompassing finance, social media, gaming, and more.