Elon Musk's investment consortium's offer to acquire OpenAI for $97.4 billion has been rejected by the nonprofit's board of directors. The board, led by chair Bret Taylor, stated that OpenAI is not for sale and emphasized their commitment to the organization's mission of ensuring that artificial general intelligence (AGI) benefits all of humanity. Musk, an early investor in OpenAI and CEO of xAI, a competing AI startup, had previously sued OpenAI, alleging it had deviated from its original mission. Altman, OpenAI's co-founder and CEO, responded to Musk's offer on X (formerly Twitter) by stating that OpenAI would be willing to buy Twitter for $9.74 billion instead.
The feud between Elon Musk and rival Sam Altman took a new turn on Friday when OpenAI's board rejected a $97.4-billion offer by an investment consortium led by the Tesla chief executive. '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 of directors, said Friday in a statement.
Board of Directors are intent on becoming a fully for-profit corporation, it is vital that the charity be compensated for what its leadership is taking away from it: control over the most transformative technology of our time,' said Marc Toberoff, an attorney representing the investors in a statement on Monday. 'It's time for OpenAI to return to the open-source, safety-focused force for good it once was,' Musk said in a statement on Monday. 'We will make sure that happens.
ELON MUSK OPENAI SAM ALTMAN AI TAKEOVER
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