OpenAI takes measures to prevent Elon Musk from seizing the company

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OpenAI takes measures to prevent Elon Musk from seizing the company
Elon Musk, one of the founders of OpenAI, never completely broke his connection with this company he left many years ago. Musk, who argued that OpenAI moved away from his original mission, often criticized Sam Altman, OpenAI. Musk’s moves against the Altman administration, recently moved to a different dimension. Musk made a giant $ 97.4 billion offer to recapture the control of this company, which he left many years ago. The OpenAI administration immediately rejected this offer, but Musk’s attempt has made things complicated for OpenAI.

Founded in 2015 as a non -profit organization, OpenAI moved to the “limited profit” model in 2019; Nowadays, it was preparing to turn into a commercial company. OpenAI’s commercial branch would be established, and the current -free non -profit organization would receive a 25 percent share. But precisely, the fact that Elon Musk came with an offer of almost 100 billion dollars made it complicated. Both the value of that 25 percent has increased much more, and it opened the door to the fact that Musk was forcibly involved in this new company. Because if they turn into a commercial company with responsibilities against their shareholders, it may not be possible for them to reject such an offer. If you remember, Twitter management did not want to sell the company to Musk, but their legal obligations against their shareholders forced them.

OpenAI management is considering giving them a special vote right

OpenAI is now trying to protect himself against such a purchase, as he is afraid of encountering a similar scenario. According to the Financial Times, the OpenAI administration is currently working on a new regulation. This change in the corporate structure of the company will give special votes to the names at the beginning of OpenAI’s non -profit organization. Thus, after the company’s commercial wing is established, only this staff will have a say. Ellis Carter, a lawyer who specializes in this regard, said in a statement to the Financial Times that such an arrangement may prevent both an attempt to seize an external forced seizure and any “coup” attempt to be experienced inside.

Of course, such an institutional structure can reduce the value of OpenAI in the eyes of investors. As a result, no matter how big they invest, they will enter into an equation without a weight of their votes. In other words, OpenAI may have to compromise its own value at the end of the day in order to keep investors such as Elon Musk and Microsoft at a safe distance.