OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup just isn’t on the market.
The unsolicited strategy is Musk’s newest try to dam the startup he co-founded with CEO Sam Altman — however later left — from changing into a for-profit agency, because it appears to safe extra capital and keep forward within the AI race.
“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition. Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity,” Chairman Bret Taylor stated, on behalf of its board.
Altman and Musk have been at loggerheads for years.
After Musk’s departure in 2019, OpenAI created a for-profit arm that has drawn billions of {dollars} in funding, sparking allegations from Musk that the startup breached its authentic mission by placing revenue forward of the bigger public good.
