OpenAI Board Rejects Elon Musk's $97.4 Billion Takeover Bid

Elon Musk's attempt to acquire OpenAI, the creator of ChatGPT, has been unanimously declined, intensifying his ongoing feud with CEO Sam Altman.

Elon Musk led a consortium offering $97.4 billion to purchase OpenAI, but the board unanimously rejected the unsolicited proposal.
OpenAI reaffirmed its commitment to its mission, stating it is not for sale and emphasizing its focus on ensuring AI benefits humanity.
The bid is the latest clash between Musk and Altman, former co-founders of OpenAI, who have since become rivals in the AI sector.
Musk criticized OpenAI's transition to a hybrid structure with a for-profit arm, which he claims deviates from its original nonprofit mission.
The rivalry has escalated with public exchanges on social media, legal disputes, and competing AI ventures, including Musk's xAI startup.