OpenAI board rejects Musk’s $97.4 bn offer
Seattle, Updated At : 04:36 AM Feb 16, 2025 IST
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OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.
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The unsolicited approach is Musk’s latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman from becoming a for-profit firm, as it looks to secure more capital and stay ahead in the AI race. Musk’s lawyer responded that OpenAI is putting control of the for-profit enterprise up for sale and will “enrich its certain board members rather than the charity.”
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