OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company

OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company
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OpenAI board ‘unanimously’ rejects Elon Musk’s $97.4 billion bid for company
Author: Michelle Del Rey
Published: Feb, 15 2025 00:22

Summary at a Glance

The battle over the company got personal when OpenAI CEO Sam Altman said Musk’s proposal was coming from a place of insecurity over xAI, an artificial intelligence company he owns.

“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” Bret Taylor, chair of OpenAI's board said in a statement.

Earlier in the week an attorney for Musk said his client would drop the bid if the company agreed to stop a transition from going from a nonprofit to a for-profit company.

A decade ago, Musk worked at OpenAI as an early investor but in 2018, he left the company over disagreements with other leadership members, particularly Altman.

I do feel for him’ OpenAI CEO Sam Altman said of rival Musk.

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