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2 years ago
OpenAI Considers Special Voting Rights to Prevent Hostile Takeover
News Summary
OpenAI, the company behind ChatGPT, is contemplating the implementation of special voting rights for its non-profit board. This strategic move is intended to safeguard the power of its directors amidst an unsolicited takeover attempt by Elon Musk. The plan aims to fortify OpenAI’s governance structure against potential hostile actions.
Story Coverage
ft.comOpenAI seeks new powers to fend off hostile takeover from Elon Musk
Read Full Article →reuters.com
