New York CNN —
OpenAI’s board of directors has formally rejected a $97.4 billion bid by Elon Musk and other investors to purchase the company.
“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” OpenAI Board Chair Bret Taylor said in a statement posted to X on Friday.
The statement marks the latest twist in a long-running feud between OpenAI and Musk over the ChatGPT maker’s planned restructuring. OpenAI was founded — by a group that included Musk and OpenAI CEO Sam Altman — as
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