Tech
OpenAI board rejects $97.4 billion Elon Musk bid to take company
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OpenAI’s board of directors has formally rejected an offer from a group of investors led by Elon Musk to buy the nonprofit that controls the artificial intelligence company for $97.4 billion.
“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” Bret Taylor, OpenAI’s chairman, said in a statement Friday on behalf of the board.
Musk, who co-founded OpenAI a decade ago before going on to launch a rival AI startup, enlisted a group of wealthy allies for an unsolicited cash bid to…
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