OpenAI weighs special voting rights to guard against hostile takeovers, FT reports
OpenAI is considering granting special voting rights to its non-profit board to preserve the power of its directors, as the ChatGPT-maker fends off an unsolicited takeover bid from Elon Musk, Financial Times reported on Tuesday.
OpenAI board considers special voting powers to prevent Elon Musk takeover
"Special voting rights could keep power in the hands of its nonprofit arm in future and so address the Tesla chief's criticisms that Altman and OpenAI have moved away from their original mission of creating powerful AI for the benefit of humanity," the FT wrote.
OpenAI may adopt special voting rights to block hostile takeovers – report
OpenAI is exploring new governance measures to shield itself from potential hostile takeovers, as concerns rise over the influence of major investors and external stakeholders, according to a Financial Times report.
OpenAI considers new powers for its nonprofit board to fend off hostile takeover from Elon Musk
OpenAI is considering granting special voting rights to its nonprofit amid its transition to a for-profit company. By giving the board special voting rights, the company would be able to address criticism it had moved away from its mission of creating AI for the benefit of humanity.
OpenAI considers new powers to fend off Elon Musk's takeover
OpenAI is considering granting special voting rights to its non-profit board to preserve the power of its directors, as the ChatGPT-maker fends off an unsolicited takeover bid from Elon Musk, the Financial Times reported on Tuesday.
OpenAI Considers Special Voting Rights to Fend Off Elon Musk's Takeover Bid
OpenAI is reportedly exploring the introduction of special voting rights for its non-profit board to maintain control as it faces an unsolicited takeover attempt from Elon Musk, according to the Financial Times.
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