OpenAI board rejects Elon Musk’s US$97.4 billion offer
OpenAI has rejected a US$97.4 billion acquisition offer from a consortium led by Elon Musk. The company stated it is not for sale and dismissed any future bids as insincere, emphasizing its commitment to its non-profit mission.
This unsolicited bid represents Musk's latest effort to prevent OpenAI, which he co-founded but later departed, from transitioning into a for-profit entity. Musk's consortium, including his AI startup xAI, had proposed withdrawing the bid if OpenAI abandoned its for-profit plans. OpenAI's CEO Sam Altman had previously rejected the offer, leading to public exchanges between him and Musk.
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OpenAI has rejected a US$97.4 billion acquisition offer from a consortium led by Elon Musk. The company stated it is not for sale and dismissed any future bids as insincere, emphasizing its commitment to its non-profit mission.
This unsolicited bid represents Musk's latest effort to prevent OpenAI, which he co-founded but later departed, from transitioning into a for-profit entity. Musk's consortium, including his AI startup xAI, had proposed withdrawing the bid if OpenAI abandoned its for-profit plans. OpenAI's CEO Sam Altman had previously rejected the offer, leading to public exchanges between him and Musk.
via SCMP Full Text Feed
