Elon Musk goes ahead with his $97 billion buyout offer for ChatGPT maker OpenAI, sets this date as deadline

Elon Musk and a consortium of investors have issued a May 10 deadline for their $97.375 billion all-cash offer to acquire OpenAI’s operating assets, amid a firm rejection from CEO Sam Altman who declared “we are not for sale” at an AI summit in Paris on Tuesday.

The hostile takeover bid, detailed in a letter of intent filed Wednesday in a California federal court, includes requirements for access to OpenAI’s financial records, facilities, and key personnel as part of the due diligence process.