The board of OpenAI, the creator of ChatGPT, has rejected a $97.4 billion unsolicited bid from a consortium led by billionaire Elon Musk. The board stated that OpenAI is not for sale and that any future offer would be disingenuous.¹
Musk’s bid marks his latest attempt to influence the direction of the company he co-founded with OpenAI CEO Sam Altman but later left in 2019. The tension between Musk and OpenAI stems from the startup’s decision to create a for-profit arm in 2019, which has attracted billions of dollars in funding, including significant investments from Microsoft.
OpenAI’s board dismissed the offer, calling it disingenuous, and reiterated that the company is not for sale. Musk’s consortium had offered to acquire OpenAI’s nonprofit arm on the condition that the company abandon its for-profit plans.
Source: Nairametrics
