OpenAI has turned down a $97.4 billion acquisition bid led by Elon Musk, reinforcing its stance on independence and commitment to its mission. According to The Wall Street Journal, OpenAI’s board unanimously dismissed the proposal, arguing that it was not in the best interest of the company or its long-term goals.
Musk, who co-founded OpenAI but later distanced himself from its leadership, has been critical of the organization’s shift from a nonprofit to a for-profit model. As reported by AP News, he led a group of investors in an attempt to regain control, expressing concerns over OpenAI’s evolving structure and its partnerships with major corporations like Microsoft.
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In response to Musk’s offer, OpenAI chairman Bret Taylor made it clear that the company is not for sale and viewed the bid as an attempt to disrupt competition, according to The Verge. Meanwhile, OpenAI CEO Sam Altman reportedly responded with humor, suggesting that instead of selling, OpenAI could make a counteroffer to purchase Twitter for $9.74 billion, referencing Musk’s acquisition of the platform in 2022 (Newsmax).
This latest move is part of an ongoing dispute between Musk and OpenAI’s leadership. AP News notes that Musk has previously taken legal action against OpenAI and Altman, accusing them of deviating from the company’s original mission of developing artificial intelligence for the benefit of humanity.
Despite the tensions, OpenAI remains firm in its direction, declining Musk’s offer and reaffirming its commitment to advancing AI while maintaining its operational independence.