OpenAI is considering implementing special voting rights for its non-profit board, a move aimed at preserving its decision-making power and preventing hostile takeover attempts, sources told the Financial Times.
If approved, these rights would give the board authority to override major investors, including Microsoft (NASDAQ:MSFT) and SoftBank (SFTBY), ensuring continued control over the company's direction. The governance changes are reportedly being reviewed by CEO Sam Altman and the board as OpenAI transitions to a for-profit structure.
Last week, OpenAI rejected a $97.4 billion takeover bid led by Elon Musk, who co-founded the company in 2015 but departed in 2018.
"OpenAI is not for sale, and the board has unanimously rejected Musk's latest attempt to disrupt his competition," Chairman Bret Taylor said.
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