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OpenAI announced on Friday that it plans to restructure as a public benefit corporation (PBC) - shifting to a for-profit company from its previous non-profit structure.

According to the company, this change is aimed at helping the company raise more money to fund its efforts in developing advanced AI systems, including artificial general intelligence (AGI)—AI that could potentially surpass human intelligence.

The new structure will turn OpenAI’s for-profit branch into a PBC based in Delaware. This type of company is required to balance making money with benefiting society. OpenAI says this move will make it easier to attract investors who need a simpler setup to invest large amounts of money, as per a recent report by Reuters.

OpenAI’s last funding round in October raised $6.6 billion, valuing the company at $157 billion. However, the funding came with conditions—OpenAI had to promise to remove profit limits for investors within two years.

Even with the restructuring, OpenAI’s nonprofit branch will still play an important role. It will own a large share of the new PBC, based on evaluations by financial experts, making it one of the best-funded nonprofits ever, says the company.