OpenAI board rejects Musk’s $132 billion offer
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OpenAI's board says it unanimously rejects Mr Elon Musk’s attempt to disrupt his competition.
PHOTO: REUTERS
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SAN FRANCISCO, California - OpenAI on Feb 14 rejected a US$97.4 billion (S$132 billion) bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale.
The unsolicited approach is Mr Musk’s latest attempt to block the startup he co-founded with CEO Sam Altman – but later left – from becoming a for-profit firm, as it looks to secure more capital and stay ahead in the AI race.
“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,” Chairman Bret Taylor said, on behalf of its board.
Mr Altman and Mr Musk have been at loggerheads
After Mr Musk’s departure in 2019, OpenAI created a for-profit arm that has drawn billions of dollars in funding, sparking allegations from Mr Musk that the startup breached its original mission by putting profit ahead of the larger public good. REUTERS
