OpenAI is considering granting new voting rights to its nonprofit board in a move that could help it fight an unsolicited takeover bid from Elon Musk, the Financial Times reported last night.

Ellen Aprill, an expert on charities at the UCLA School of Law, said OpenAI's board has an obligation to make sure the nonprofit is getting a fair value for giving up its assets and control.

To fend off future hostile takeover attempts, OpenAI is considering giving its nonprofit board special voting rights, according to a new report in the Financial Times. The rights would allow the ...

Technologycategory· February 15, 2025 OpenAI board rejects Musk's $97.4 billion offer OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT ...

OpenAI is considering granting special voting rights to its nonprofit amid its transition to a for-profit company. By giving the board special voting rights, the company would be able to address ...

OpenAI CEO Sam Altman and board members are reportedly evaluating new governance measures as the company transitions to a traditional for-profit structure. As of now, no firm decisions have been made.

PCMag editors select and review products independently. If you buy through affiliate links, we may earn commissions, which help support our testing. OpenAI’s board of directors has ...

To fend off future hostile takeover attempts, OpenAI is considering giving its nonprofit board special voting rights, according to a new report in the Financial Times.

The original group, known as OpenAI Nonprofit, still runs the show, setting targets and strategy with a 10-member board of directors as of March 2025. CEO Sam Altman holds one seat, while the ...

A judge has denied Elon Musk's bid to stop Sam Altman from converting OpenAI into a for-profit entity but said other areas of the lawsuit could be expedited to trial. In a Tuesday filing, US ...