OpenAI is contemplating granting particular voting rights to its non-profit board to protect the facility of its administrators, because the ChatGPT-maker fends off an unsolicited takeover bid from Elon Musk.
The Monetary Instances reported on Tuesday (paywall) that CEO Sam Altman and board members are evaluating new governance measures as the corporate transitions to a conventional for-profit construction, the report mentioned, citing individuals with direct information of the discussions.
OpenAI didn’t instantly reply to a request for remark.
Whereas no agency selections have been made, the transfer may assist OpenAI block future hostile takeover makes an attempt, together with from Musk, who co-founded the corporate with Altman however later departed.
On Friday, OpenAI rejected a US$97.4-billion acquisition supply from a consortium led by Musk, saying the start-up will not be on the market and dismissing any future bids as disingenuous.
Musk’s supply is his newest effort to forestall OpenAI from turning into a profit-driven firm because it seeks extra funding to remain aggressive within the synthetic intelligence race.
If carried out, the particular voting rights would enable the non-profit board to overrule main traders, together with backers like Microsoft and SoftBank, making certain it retains decision-making energy, the report mentioned. — Surbhi Misra, (c) 2025 Reuters
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