OpenAI rejects Elon Musk’s $97.4B takeover offer

OpenAI’s board of directors unanimously rejected on Saturday an offer from Tesla CEO Elon Musk to buy the artificial intelligence company for $97.4 billion.

OpenAI’s board of directors unanimously rejected on Saturday an offer from Tesla CEO Elon Musk to buy the artificial intelligence company for $97.4 billion.

"OpenAI is not for sale, and the board has unanimously rejected Mr Musk's latest attempt to disrupt his competition," OpenAI’s board chairman Bret Taylor said in a statement posted on X, formerly Twitter.

The statement also said, "Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI (artificial general intelligence) benefits all of humanity."