OpenAI’s controversial for-profit restructuring is finally complete, along with a new deal with Microsoft.

The company’s for-profit arm is now a public benefit corporation, dubbed OpenAI Group PBC. The nonprofit is now called the OpenAI Foundation and “holds equity in the for-profit currently valued at approximately $130 billion” — it will begin with a $25 billion focus on healthcare and disease and “AI resilience,” per OpenAI’s blog post. The nonprofit will also get “additional ownership” after OpenAI’s for-profit reaches an unspecified valuation milestone.

The news comes after more than a year of OpenAI’s negotiations with the offices of the Attorneys General of California and Delaware — if they hadn’t eventually blessed the restructuring, OpenAI wouldn’t have been able to move forward

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