OpenAI's board rejected a substantial $97.4 billion bid from Elon Musk and investors, stating that the organization is not for sale and the bid does not align with its mission. The rejection highlights a continuing conflict between Musk and OpenAI's CEO Sam Altman, especially following Musk's departure from the organization in 2018 over control issues. This decision also complicates Altman's plan to transition control of OpenAI from its nonprofit origins to a for-profit model, amid existing tensions over the direction of artificial intelligence development between the two figures.
OpenAI's board unanimously rejected Elon Musk's $97.4 billion bid, reinforcing its commitment to its nonprofit mission despite Musk's past collaboration in its creation.
Bret Taylor, chairman of the OpenAI board, stated the bid was not in the best interests of OpenAI, emphasizing the organization's focus on its mission.
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