Elon Musk recently attempted an unwanted acquisition of Openai, which was rejected by CEO Sam, Sam Al -Tamman and the OPECRI Council.
It is said that the ChatgPt creator wants to make sure that any future coups are from the richest man in the world – or any other investor – will not succeed.
According to a report in the Financial TimesThe changes discussed by voting rights for non -profit managers in Openai will be given, allowing them to keep power on Openai even with the restructuring of the Organization of Artificial Intelligence to a profit organization known as the Public Avenue Company.
By concentrating such force in the non -profit Openai arm, AI UPSTART can refute the Musk argument that it has moved away from its original charitable mission. Members of the Board of Directors can also be allowed to cancel the support of other supporters of the profit organization, such as Microsoft (MSFT) or SoftBank.
All of this will take some maneuvering by members of the Openai and Altman Board of Directors, all of whom are defendants in a Musk lawsuit seeking to prevent Openai from turning into a profitable company.
“There are strategic decisions that can be taken to protect a non -profit institution from the acquisition or hostile coup,” wrote Ellis Carter, a non -profit law expert Ellis Carter. Charitable lawyer Blog. Carter explained that making non -profit “unbornable” should be carefully done.
Because non -profit companies have no shares or official ownership, she added that “the design of governance is very important.”
At the present time, the Openai Board of Directors is enabled to repel acquisitions because, as a non -profit institution, has no shareholders or voting members. But the University of California, a professor of law in Los Angeles Rose Chan Lowe Openai appears to focus on immunization against a hostile acquisition that can come after converting the profit company to the General Avenues Company.
Chan Louie suspected that Openai would give members of the Board of Directors a special group of voting shares in a reconciliation company to profit with superior rights to other shareholders. At least, their voices could bring any possession movements by private sector investors, including the largest investor in Openai, Microsoft.
She said that, in addition, it is not clear how specified is the voting rights. For example, they can be limited to rejecting acquisition or wide attempts, such as the comprehensive rights that the Board of Directors currently preserves.
“We need more details,” said Chan Lowe.
Openai did not respond to the clarification request.
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