OpenAI Considers Special Voting Rights To Counter Hostile Bids

According to Odaily, OpenAI is contemplating granting special voting rights to its nonprofit board to fend off hostile takeover attempts, including those from Elon Musk. The organization is considering this move to maintain board authority following its transition to a more traditional for-profit structure. CEO Sam Altman and other board members are evaluating new governance mechanisms to ensure control over the restructured company. This would enable OpenAI to counteract other investors, such as Microsoft and SoftBank, who are current supporters. Although no final decision has been made, the special voting rights would help protect OpenAI from hostile acquisitions by external parties like Musk. Previously, Musk made a $97.4 billion cash offer to acquire assets held by the nonprofit, including a controlling stake in its for-profit subsidiary.