OpenAI counteracts Musk's malicious acquisition! Intends to grant the non-profit board 'special voting rights' to prevent hostile takeovers

To fend off TSL CEO Musk's hostile acquisition, OpenAI, the developer of ChatGPT, is considering granting special voting rights to its nonprofit board to maintain board power and ensure control of the restructured company. (Background: Musk offered 97.4 billion yuan to acquire OpenAI! Sam Altman immediately refused and countered: Then I'll use 9.74 billion yuan to buy X (Twitter)) (Additional context: OpenAI offers free access to ChatGPT search function without requiring an account, making Google anxious?) TSL CEO Musk made an offer last week to acquire ChatGPT developer OpenAI for 97.4 billion USD, which was immediately rejected by OpenAI. Now, according to the Financial Times, in order to resist Musk's acquisition proposal, OpenAI, valued at 157 billion USD, is considering granting him special voting rights on the nonprofit board to maintain board power. Sources revealed that OpenAI CEO Sam Altman and other board members are discussing various new governance mechanisms to address potential challenges after OpenAI's transformation into a more traditional for-profit company. If the nonprofit board is granted super-voting rights, it will ensure continued control after the company's restructuring and the ability to veto decisions from existing investors like Microsoft and SoftBank. Although a final decision has not been made, these special voting rights could also help OpenAI fend off hostile acquisitions from external parties like Musk, who is attempting to acquire the assets held by the nonprofit OpenAI organization, including its control over OpenAI's for-profit subsidiary. OpenAI consists of the nonprofit organization OpenAI Inc and its for-profit subsidiary OpenAI LP. Special voting rights may allow the nonprofit organization to maintain control over OpenAI in the future, responding to Musk's criticism of OpenAI deviating from its initial mission of “creating powerful AI for the benefit of all humanity.” OpenAI seeks to maintain control after transformation Due to differing positions on OpenAI's development direction, Sam Altman and Musk have long been at odds. They co-founded OpenAI in 2015 as a charity organization. In 2019, after Musk left the company and Sam Altman became CEO, OpenAI established a for-profit subsidiary to raise funds from Microsoft and other investors. Musk believes this deviates from OpenAI's original Open Source intention to benefit humanity, and he has publicly criticized OpenAI several times, even initiating a lawsuit last year, accusing Sam Altman of betraying the initial commitment. The report mentioned that OpenAI is currently in a complex transformation process, seeking to transition from a nonprofit research institution to a more traditional for-profit enterprise, known as a “Public Benefit Corporation” (PBC). This transformation will help OpenAI secure billions of dollars in investment to surpass competitors like Google in the AI race, while also potentially providing greater returns to investors. Carl Tobias, a professor at the University of Richmond School of Law, believes that Musk's acquisition proposal is unlikely to affect OpenAI's transformation into a PBC. He believes Musk simply wants to torment OpenAI, especially Sam Altman. However, this hostile acquisition proposal has indeed prompted OpenAI to consider how to maintain control after completing the transformation. Related reports OpenAI's first self-developed AI chip is expected to be designed and tested by TSMC this year, balancing NVIDIA's dominant position? Altman's Law of AI: The cost of using AI will decrease tenfold every year, and in the future, AI will be as cheap as air. OpenAI accuses DeepSeek of infringement, creator counters: The biggest thief cries thief, and the US Navy orders a ban on DeepSeek. OpenAI counters Musk's hostile acquisition! Plans to grant nonprofit board “special voting rights” to prevent hostile acquisition. This article was first published on BlockTempo, the most influential blockchain news media in the dynamic area.