OpenAI is reportedly planning to restructure the board of its non-profit arm to reinforce control over its for-profit division amid Elon Musk's $97.4 billion takeover bid. CEO Sam Altman and the board rejected Musk's offer, and new voting rights for the non-profit board aim to protect the organization’s mission. By enhancing the non-profit's influence, OpenAI seeks to focus on its charitable goals while managing the for-profit side's growing capital needs. Musk's proposal sparked broader debate about the balance between non-profit missions and commercial objectives.
OpenAI is considering giving special voting rights to its non-profit board to enhance control over its for-profit division and ward off unwanted bids.
The restructuring aims to address concerns that the organization's non-profit mission is becoming secondary to its commercial pursuits, particularly after a substantial bid from Elon Musk.
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