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San Francisco, CA, February 18, 2025 – OpenAI is evaluating a proposal to grant special voting rights to its non-profit board as a measure to safeguard its decision-making power amid recent hostile takeover attempts.
The move, reported by Reuters and the Financial Times, comes as the company navigates a transition toward a more traditional for-profit structure.
According to sources familiar with the discussions, CEO Sam Altman and board members are considering new governance measures that would enable the non-profit board to overrule major investors, including significant backers such as Microsoft and SoftBank. The proposal is seen as a preemptive step to block future hostile takeover bids, including an unsolicited $97.4 billion acquisition offer from a consortium led by Elon Musk that was rejected by OpenAI on Friday.
Musk, a co-founder of OpenAI who later departed the company, reportedly made the bid in an effort to prevent OpenAI from shifting toward a profit-driven model as it seeks additional funding to remain competitive in the rapidly evolving AI sector. OpenAI dismissed the offer and any future bids as disingenuous, emphasizing that the startup is not for sale.
While no firm decisions have been made regarding the special voting rights, the proposed governance change underscores OpenAI’s commitment to maintaining strategic control during its structural transition. OpenAI has not immediately commented on the report.
As the company weighs its options, the potential implementation of special voting rights could set a precedent for how AI startups balance investor interests with long-term strategic and ethical considerations in a highly competitive industry.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
Germany's export slump since 2021 is largely driven by deep-rooted competitiveness issues, the Bundesbank warned in its latest report, calling for urgent structural reforms.
Israeli researchers have unveiled an artificial intelligence tool that can determine a person’s true biological age from tiny DNA samples with remarkable precision.
Two Harry Potter actresses, Emma Watson and Zoe Wanamaker, have each received a six-month driving ban after separate speeding offences, both sentenced on the same day at a Buckinghamshire court.
Netflix has used generative artificial intelligence to produce a visual effects scene in an original series for the first time, marking a new step for the streaming platform.
Elon Musk’s xAI chatbot Grok has come under global scrutiny after users reported it using offensive language. It prompted warnings from experts that human intervention in its responses proves the need for a global AI ethical framework.
Major American corporations unveiled over $90 billion in new investments focused on AI and energy during the Energy and Innovation Summit at Carnegie Mellon University on Tuesday. The announcements come as President Donald Trump pushes to cement U.S. leadership in the booming tech and energy sectors
Nvidia has received approval from the U.S. government to sell its advanced H20 AI chips to China, CEO Jensen Huang announced.
Apple and mining company MP Materials announced a joint $500 million investment to develop a rare earth magnet recycling facility, with plans to bolster U.S.-based production and reduce reliance on China.
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