OpenAI Rejects Musk's $97.4 Billion Acquisition Bid

Elon Musk's recent $97.4 billion bid to acquire OpenAI has been unanimously rejected by the company's board, which emphasized that OpenAI is not for sale. The board's chair, Bret Taylor, stated that any reorganization will strengthen the nonprofit's mission to ensure artificial general intelligence (AGI) benefits humanity. Musk, who co-founded OpenAI in 2015, is currently involved in a lawsuit against the company, accusing it of corporate misconduct for transitioning to a for-profit model. OpenAI's leadership, including CEO Sam Altman, has reiterated its commitment to a public benefit corporation structure, amidst Musk's criticisms of its commercialization. This rejection marks a significant escalation in the ongoing tensions between Musk and OpenAI, as he attempts to steer the organization back to its original mission. The situation reflects broader concerns about the ethical direction of AI development and the control of its future.