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OpenAI considers board powers after Musk’s $97.4b bid

OpenAI is considering implementing special voting rights for its non-profit board to maintain control over its decisions, according to a report by the Financial Times on Feb. 18.

This consideration arises amidst concerns regarding a potential takeover attempt led by Elon Musk.

Discussions are underway between OpenAI Chief Executive Officer Sam Altman and board members as the organization shifts toward a traditional for-profit model.

The proposed governance changes may help prevent future acquisition attempts, including those from Musk, a co-founder who later departed from the company.

Last week, OpenAI turned down a US$97.4 billion acquisition offer from a consortium led by Musk, stating it was not interested in selling and deeming the bid insincere.

Recent OpenAI developments

Timeline
17-Feb-2025 🆕 OpenAI updates ChatGPT policy for neutrality, diversity
  • Update enhances chat model’s intellectual freedom.
  • Allows diverse perspectives on sensitive topics.
16-Feb-2025 🚀 OpenAI merges o3 into GPT-5, plans GPT-4.5 release first
  • OpenAI cancels o3; features go to GPT-5.
  • GPT-4.5 to release soon, no GPT-5 timeline yet.
16-Feb-2025 🚫 OpenAI board rejects Elon Musk’s $94.7b takeover bid
  • OpenAI rejects Musk’s $97.4B acquisition bid.
  • CEO calls bid an attempt to hinder progress.
14-Feb-2025 📰 OpenAI teams up with UK’s Guardian to integrate journalism
  • GMG partners with OpenAI for journalism access
  • ChatGPT to feature Guardian news with proper attribution
14-Feb-2025 🌍 OpenAI replaces DEI page with focus on ‘dynamic teams’

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