OpenAI CEO rejects Musk-led group’s surprise $97bn bid

OpenAI CEO rejects Musk-led group’s surprise $97bn bid
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OpenAI CEO rejects Musk-led group’s surprise $97bn bid
Author: Vishwam Sankaran
Published: Feb, 11 2025 04:32

Summary at a Glance

Mr Altman told staff in a memo on Monday that the board of directors is clear that the company had no interest in the "supposed bid" by Mr Musk’s group, the Information reported.

OpenAI CEO rejects Musk-led group’s surprise $97bn bid Sam Altman tells staff company board has no interest in bid.

Sam Altman has reportedly declared that the OpenAI board will reject a bid by an Elon Musk-led group of investors to buy the artificial intelligence company for about $100bn.

“It is time for OpenAI to return to the open-source, safety-focused force for good it once was,” Mr Musk said in a statement to The Wall Street Journal.

Mr Altman quickly rejected the bid.

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