OpenAI board unanimously rejects Musk’s $97.4 billion takeover bid: ‘Not for sale’

OpenAI has rejected a $97.4 billion bid by Elon Musk to buy the company’s non-profit arm. In a statement issued on X, Bret Taylor, OpenAI’s chair of Board of Directors reiterated CEO Sam Altman’s recent statements that ‘OpenAI is not for sale’ while adding that this is an attempt by Musk to ‘disrupt his competition’.

“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition.