February 15, 2025 11:11 AM

OpenAI rejects Elon Musk’s $97.4 billion offer

OpenAI, led by Sam Altman, has rejected billionaire Elon Musk’s $97.4 billion offer to acquire the nonprofit company.   In a statement on the social media platform X, OpenAI Board Chair Bret Taylor described Musk’s bid as “an attempt to disrupt his competition.”   “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” Taylor posted.   He further stated that any potential reorganization of OpenAI would only str...