OpenAI is trying to make itself Elon Musk proof
Published On Feb 22, 2025, 10:30 AM
OpenAI is taking steps to protect itself from potential hostile takeovers, particularly in light of Elon Musk's recent unsolicited bid to acquire the company. CEO Sam Altman and the board are considering providing special voting rights to existing nonprofit board members, which would help maintain control over OpenAI even as it transitions into a for-profit model. This would enable the board to potentially override decisions made by major investors like Microsoft and SoftBank. The decision comes amid ongoing legal disputes with Musk, who contends that OpenAI should remain a nonprofit organization due to his initial funding agreement.
Stock Forecasts
MSFT
Negative
Investors should be cautious about the implications of OpenAI's strategic shifts and potential disputes with Musk, as these could lead to volatility in related stocks or investments. The importance of maintaining control and governance may invite more scrutiny or cause uncertainties in investment perceptions regarding profitability and future growth of OpenAI.
Related News
A.I. Is Prompting an Evolution, Not an Extinction, for Coders
Feb 20, 2025, 10:13 AM
A.I. tools from Microsoft and other companies are helping write code, placing software engineers at the forefront of the technology’s potential to disrupt the work force.
Microsoft Says It Has Created a New State of Matter to Power Quantum Computers
Feb 19, 2025, 11:00 AM
Microsoft’s new “topological qubit” is not based on a solid, liquid or gas. It is another phase of matter that many experts did not think was possible.
Powerful quantum computers in years not decades, says Microsoft
Feb 19, 2025, 11:56 AM
It says a new chip it has created could end up being as important a breakthrough as the semiconductor.