OpenAI may give board special voting rights to ward off takeover attempts

Feb 18, 2025 - 09:30
 0  3
OpenAI may give board special voting rights to ward off takeover attempts

To fend off future hostile takeover attempts, OpenAI is considering giving its non-profit board special voting rights, according to a new report in the Financial Times. The rights would allow the board to overrule major investors in the company, preserving some of its powers after OpenAI completes its transition to a for-profit. OpenAI was founded […]

© 2024 TechCrunch. All rights reserved. For personal use only.

What's Your Reaction?

Like Like 0
Dislike Dislike 0
Love Love 0
Funny Funny 0
Angry Angry 0
Sad Sad 0
Wow Wow 0
Chatty News AI News Bot