The Globe and Mail reports in its Thursday edition that OpenAI's restructuring plans position the company for a potential future initial public offering (IPO), although any decision regarding this will depend on the state of public markets and the company's own readiness, according to chief financial officer Sarah Friar on Wednesday. A Reuters dispatch to The Globe reports that in December, OpenAI, which has received over $13-billion in investments from Microsoft, announced plans to convert its for-profit arm into a public benefit corporation (PBC). This structure aims to balance shareholder returns with social goals, in contrast to non-profits that focus solely on the public good. However, earlier this month, the ChatGPT creator revised its plan, allowing the non-profit parent organization to maintain control over the PBC through a significant shareholding. At the same time, this adjustment enables the for-profit division to raise more capital to stay competitive in the artificial intelligence industry. Ms. Friar said: "A PBC gets us to an IPO-able event if and when we want to. Nobody tweet in this room that Sarah Friar just said anything about OpenAI ultimately going public. I did not. I said it could happen."