Overview

• Elon Musk, leading an investor group, proposed a $97.4 billion offer to acquire OpenAI, which the company rejected unanimously.
• OpenAI CEO Sam Altman stated that the company is not for sale and criticized the offer as an attempt to disrupt competition.
• Musk, a co-founder of OpenAI who left in 2018, has been critical of the company's shift toward a profit-driven structure and is pursuing legal action to challenge it.
• The proposed acquisition comes as OpenAI transitions from a nonprofit to a profit-oriented model, raising concerns among former employees about increased risks in AI development.
• Musk’s offer has set a high benchmark for OpenAI’s valuation, potentially complicating negotiations with investors like Microsoft over the company’s restructuring.