OpenAI Board Rejects Elon Musk's $97.4 Billion Bid

Elon Musk's $97.4 billion bid to acquire OpenAI has been formally rejected by the company's board, which stated that 'OpenAI is not for sale.' This rejection aligns with OpenAI's ongoing transition toward a for-profit model, a move it claims is essential for attracting the necessary capital for advanced AI development. Musk has indicated he would withdraw his offer if OpenAI maintains its nonprofit status, and he has expressed concerns regarding the ethical direction of the organization. The board's decision was characterized as a defense against Musk's attempts to disrupt competition in the AI space. OpenAI's chairman emphasized that the board believes any future offers from Musk would not align with its mission. This situation illustrates the tensions between Musk and OpenAI regarding the direction and commercialization of AI technologies.