OpenAI CEO Sam Altman has rejected Elon Musk's $97.4 billion bid to take control of the artificial intelligence startup, accusing Musk of making the move to slow down OpenAI's progress. Altman believes Musk, a former co-founder of OpenAI, is employing tactics to gain a competitive advantage over OpenAI, which he now sees as a direct competitor through his own AI firm, xAI. Altman's public stance comes as OpenAI's board, which oversees the company's nonprofit arm and for-profit business, will ultimately have to decide how to respond to Musk's offer.
Charles Capel and Tom Mackenzie -- OpenAI Chief Executive Officer Sam Altman rebuffed Elon Musk ’s $97.4 billion offer to take control of the artificial-intelligence startup for the second time in less than a day, accusing the world’s richest man of making the bid just to gain a competitive advantage.
Musk and Altman were both co-founders of OpenAI, but Musk ultimately parted ways after disagreements over the direction of the company. He is now suing the startup behind ChatGPT for straying from its founding mission and prioritizing profit over the betterment of humanity. Musk has also established his own AI firm, xAI, that competes directly with OpenAI in developing models.
While Altman is publicly rebuffing Musk’s takeover attempt, OpenAI’s board will have some say in how seriously to take the bid. On Monday, when news of Musk’s offer for OpenAI control first surfaced, Altman jokingly posted on X, formerly known as Twitter: “No thank you but we will buy twitter for $9.74 billion if you want.”
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