OpenAI weighs special voting rights to guard against hostile takeovers, FT reports

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, Financial Times reported on Tuesday.

Chief executive Sam Altman and board members are evaluating new governance measures as the company transitions to a traditional for-profit structure, the report said, citing people with direct knowledge of the discussions.

OpenAI did not immediately respond to a Reuters request for comment.

While no firm decisions have been made, the move could help OpenAI block future hostile takeover attempts, including from Musk, who co-founded the company with Altman but later departed.

Related Article