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’ George Hammond, Cristina Criddle, an John Foley report. OpenAI CEO Sam Altman and board members are evaluating new governance measures as the company transitions to a traditional for-profit structure, according to people with direct knowledge of the discussions. While no firm decisions have been made, the move could help OpenAI block future hostile takeover attempts, including from Tesla (TSLA) CEO Musk, who co-founded the company with Altman but later departed, and if implemented, the special voting rights would allow the non-profit board to overrule major investors, including backers like Microsoft (MSFT) and SoftBank (SFTBY), ensuring it retains decision-making power, the report says.
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