OpenAI ChatGPT board declines Elon Musk offer

ChatGPT maker OpenAI’s board of directors has unanimously rejected a $97.4 billion takeover bid by tech titan Elon Musk. The development comes days after OpenAI’s Sam Altman, who co-founded the AI company with Musk, rebuffed the Tesla CEO’s offer and instead offered $9.74 billion to buy his company X.

“OpenAI is not for sale, and the board has unanimously rejected (Elon) Musk’s latest attempt to disrupt his competition. Any potential reorganisation of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity,” said a statement from Bret Taylor, chair of OpenAI’s board.

The statement by the OpenAI board is the latest twist in the long-running feud between OpenAI and Musk.