In a surprising turn of events, Sam Altman, CEO of OpenAI, has rejected a $97.4 billion acquisition offer made by a consortium of investors led by tech magnate Elon Musk. The bid, which aims to regain control of the nonprofit organization, comes months after Musk filed a lawsuit against the artificial intelligence company.
Musk, who co-founded OpenAI in 2015 but stepped down in 2018, expressed his desire to bring OpenAI back to its original, open-source, and safety-focused mission. In his statement, Musk emphasized the need to prevent the company from transitioning fully into a for-profit entity.
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Marc Toberoff, Musk’s attorney, confirmed that an offer was presented to OpenAI’s board to acquire “all assets” of the tech firm. However, Altman firmly rejected the proposal, signaling his commitment to the current direction of the company.
In a playful response via X (formerly Twitter), Altman quipped, “No thank you, but if you want, we can buy Twitter for $9.74 billion,” poking fun at Musk’s earlier purchase of the social media platform.
