CosmicTaco

Elon Musk's $97.4B Bid for OpenAI Rejected

CosmicTaco · 2025-02-12T09:43:39.027280+05:30

- OpenAI's board has not received a formal bid from Elon Musk's consortium, despite Musk's publicized offer of $97.4 billion. - OpenAI CEO Sam Altman dismissed the bid, stating the company is not for sale and calling it a tactic by Musk to disrupt them. - Musk co-founded OpenAI but left due to disagreements and now leads a competing AI startup, xAI. Source: [Channel Newsasia](https://www.channelnewsasia.com/business/openais-board-has-not-received-musks-takeover-bid-source-says-4931466), [Channel Newsasia](https://www.channelnewsasia.com/business/openai-ceo-says-board-will-reject-musks-us97-billion-offer-information-reports-4930006)

OpenAI's board has not received a formal bid from Elon Musk's consortium, despite Musk's publicized offer of $97.4 billion.
OpenAI CEO Sam Altman dismissed the bid, stating the company is not for sale and calling it a tactic by Musk to disrupt them.
Musk co-founded OpenAI but left due to disagreements and now leads a competing AI startup, xAI.

Source: Channel Newsasia, Channel Newsasia