In response to Musk's hostile takeover, OpenAI is considering setting up special voting rights.
OpenAI is considering granting special voting rights to its Board of Directors for its non-profit institution to ensure that it maintains control after transitioning into a for-profit entity, and to be able to overturn decisions made by other investors, including existing investors like Microsoft and SoftBank. The special voting rights will also help OpenAI fend off hostile takeovers from external parties like Musk.
Morgan Stanley views BAT: "Overweight" on Tencent, "Bullish" on Alibaba Cloud, "concerned" about Baidu Search.
Morgan Stanley stated that as the costs of AI model training and inference decrease, Tencent, Alibaba, and Baidu will all benefit. As the market shifts its focus from large model capabilities to AI applications and monetization, Morgan Stanley has given Tencent an overweight rating. Alibaba's recent stock price rebound reflects the upside potential of its Cloud Computing business, while Baidu's core search business may face monetization risks due to the impact of generative AI.
Express News | OpenAI considers special voting rights to guard against hostile takeovers, FT reports.
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