Paragraph 1: BlockBeats news reports that OpenAI is adopting an untested corporate structure to safeguard against hostile takeovers and to shield CEO Sam Altman from external interference. Last week, the artificial intelligence startup raised $6.6 billion in funding and plans to transform into a Public Benefit Corporation (PBC). The new structure could protect OpenAI from unwanted acquisitions or activist pressures, according to sources familiar with the company’s plans. This means investors such as Microsoft might face disappointment if they attempt to acquire the startup.
Paragraph 2: As a PBC, OpenAI will have an obligation to balance the interests of shareholders, public interests, and stakeholders such as employees and society. The startup’s “multi-pronged fiduciary obligations” will create a “safe harbor” for the company, preventing activists who may argue the company is not profitable enough from making claims. This approach helps protect OpenAI’s long-term goals and vision, ensuring the startup’s focus remains on developing and utilizing AI technologies for the greater good.