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Investing.com -- OpenAI is considering granting its non-profit board special voting rights to maintain the authority of its directors as it faces an unsolicited takeover bid from Elon Musk, Financial Times reported on Tuesday.
CEO Sam Altman and other board members are discussing new governance measures as the company transitions to a for-profit model, the report said.
While no final decisions have been made, the changes could help OpenAI block future hostile takeovers, including one from Musk, who co-founded the company with Altman but later left.
Last Friday, OpenAI rejected a $97.4 billion acquisition offer from a Musk-led consortium, insisting the company is not for sale and dismissing any future bids as insincere.
Musk's bid is part of his ongoing effort to prevent OpenAI from shifting to a profit-driven approach, as the company seeks additional funding to remain competitive in the AI space.
If adopted, the special voting rights would allow the non-profit board to override decisions made by major investors like Microsoft (NASDAQ:MSFT) and SoftBank (TYO:9984), ensuring it retains control over key decisions, the report added.