US EditionOpenAI seeks new powers to fend off hostile takeover from Elon Musk
- OpenAI is considering giving special voting rights to its nonprofit board to prevent hostile takeovers, according to a report by the Financial Times.
- OpenAI's board unanimously rejected Elon Musk's offer to buy the nonprofit for $97.4 billion, despite his concerns about the for-profit shift.
- OpenAI plans to transition to a public benefit corporation by late 2026 while allowing the nonprofit to maintain a stake in its operations.
- The nonprofit arm will retain shares and pursue charitable initiatives in sectors like health care, education, and science.
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20 Articles
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Center
5
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Coverage Details
Total News Sources20
Leaning Left1Leaning Right2Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
13%
C 63%
R 25%
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