OpenAI Rejects Elon Musk's $97.4 Billion Bid as Legal Battle Heats Up
OpenAI's board has unanimously rejected Elon Musk's bid, asserting it's against their mission and comes amidst ongoing legal disputes and Musk's criticism of their direction.
OpenAI's board rejects bid from Elon Musk-led group
Los Angeles Times
Overview
OpenAI's board has unanimously declined Elon Musk's $97.4 billion takeover bid, citing misalignment with its mission. Musk's legal actions claim OpenAI has strayed from its founding nonprofit goals. The board's attorney stated Musk's proposal lacked merit and described it as not genuinely a bid. Musk escalated the conflict with new allegations, claiming OpenAI stifled competition while pursuing a for-profit model. His requests against OpenAI are still under judicial consideration, amidst Musk's concurrent move to bolster his AI venture, xAI, with significant investments. Tensions continue to rise between Musk and OpenAI's leadership.
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