OPENAI BOARD CONSIDERS SPECIAL VOTING POWERS TO PREVENT ELON MUSK TAKEOVER

Summary from the TLDR newsletter

OpenAI is considering granting new voting rights to its nonprofit board to help it fight the unsolicited takeover bid from Elon Musk. Giving the nonprofit's board outsized voting power would ensure it retains control of the restructured company and is able to overrule other investors, ensuring OpenAI can fight off hostile bids from outsiders. OpenAI could also consider a plan that would let shareholders buy up additional shares at a discount to fend off hostile takeovers.