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OpenAI board rejects Elon Musk's $97.4 billion offer..⛔⚡
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<blockquote data-quote="Truth Hurts" data-source="post: 30544075" data-attributes="member: 477372"><p><img src="https://www.reuters.com/resizer/v2/WORDC24Y6FICZJZEPD7KXZL3EY.jpg?auth=9857550a0229c91ea2c78ce24ce7f3c14293df4fc4558f0373b692a52b3515de&width=3000&quality=80" alt="Illustration shows OpenAI logo and Elon Musk photo" class="fr-fic fr-dii fr-draggable " style="" /></p><p></p><p>Feb 14 (Reuters) - OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous.</p><p></p><p>The unsolicited approach is Musk's latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman — but later left — from becoming a for-profit firm, as it looks to secure more capital and stay ahead in the artificial intelligence race.</p><p></p><p><strong>"OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition. Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity," it said on X, quoting OpenAI Chairman Bret Taylor on behalf of the board.</strong></p><p></p><p>Musk's lawyer Marc Toberoff, in a statement, responded that OpenAI is putting control of the for-profit enterprise up for sale, and said the move will "enrich its certain board members rather than the charity.”</p><p></p><p><a href="https://www.reuters.com/technology/openai-board-rejects-musks-974-billion-offer-2025-02-14/" target="_blank">https://www.reuters.com/technology/openai-board-rejects-musks-974-billion-offer-2025-02-14/</a></p></blockquote><p></p>
[QUOTE="Truth Hurts, post: 30544075, member: 477372"] [IMG alt="Illustration shows OpenAI logo and Elon Musk photo"]https://www.reuters.com/resizer/v2/WORDC24Y6FICZJZEPD7KXZL3EY.jpg?auth=9857550a0229c91ea2c78ce24ce7f3c14293df4fc4558f0373b692a52b3515de&width=3000&quality=80[/IMG] Feb 14 (Reuters) - OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is Musk's latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman — but later left — from becoming a for-profit firm, as it looks to secure more capital and stay ahead in the artificial intelligence race. [B]"OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition. Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity," it said on X, quoting OpenAI Chairman Bret Taylor on behalf of the board.[/B] Musk's lawyer Marc Toberoff, in a statement, responded that OpenAI is putting control of the for-profit enterprise up for sale, and said the move will "enrich its certain board members rather than the charity.” [URL]https://www.reuters.com/technology/openai-board-rejects-musks-974-billion-offer-2025-02-14/[/URL] [/QUOTE]
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