CosmicTaco

OpenAI Rejects Musk's $97.4B Bid

CosmicTaco · 2025-02-15T10:25:10.872293+05:30

- OpenAI has turned down a $97.4 billion offer from Elon Musk's consortium, stating the company is not for sale. - The bid is seen as Musk's attempt to prevent OpenAI from becoming a for-profit entity, a move he has opposed since leaving the company. - OpenAI's board emphasized their commitment to their nonprofit mission, while Musk's legal team criticized the decision as self-serving. Source: [Hindustan Times](https://www.hindustantimes.com/world-news/openai-board-rejects-elon-musks-97-4-billion-offer-101739584880431.html), [Moneycontrol](https://www.moneycontrol.com/news/business/openai-board-rejects-elon-musk-s-97-4-billion-buyout-offer-12941528.html)

OpenAI has turned down a $97.4 billion offer from Elon Musk's consortium, stating the company is not for sale.
The bid is seen as Musk's attempt to prevent OpenAI from becoming a for-profit entity, a move he has opposed since leaving the company.
OpenAI's board emphasized their commitment to their nonprofit mission, while Musk's legal team criticized the decision as self-serving.

Source: Hindustan Times, Moneycontrol