OpenAI rejects Elon Musk’s bid for control of the company

OpenAI‘s board of directors rejected a $97.4 billion bid from Elon Musk and a consortium of investors on Friday to take control of the artificial intelligence company.“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk‘s latest attempt to disrupt his competition. Any potential reorganisation of OpenAI will strengthen our non-profit and its mission to ensure AGI benefits all of humanity,” said Bret Taylor, chair of the OpenAI board.

Marc Toberoff, Elon Musk’s lawyer, had sent the offer to purchase OpenAI’s assets by email on…