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'OpenAI will not be sold' - Board reprimanded Elon Musk, rejected the offer of $ 97.4 billion
Elon Musk: The board of OpenAI has refused to sell the startup company. The board has rejected the offer of billionaire businessman Elon Musk, saying that the startup is not up for sale and no bid to sell it in the future will be accepted.
The board of directors of parent entity OpenAI rejected the $97.4 billion bid by billionaire entrepreneur Elon Musk-led group, indicating that the startup does not sell and no offer to sell it in the future shall ever be accepted. Allow us to tell you that billionaire entrepreneur Elon Musk has also co-founded OpenAI. Musk co-founded it ten years ago alongside OpenAI chief executive Sam Altman. But since OpenAI has been established as a non-profit entity, Musk has distanced himself from it.
On behalf of the board, OpenAI chairman Bret Taylor was quoted as saying on X, "OpenAI is not for sale and the board has unanimously rejected Musk's new attempt to disrupt its competitors. Any potential reorganization of OpenAI will strengthen our nonprofit organization and its mission to ensure humanity benefits from AGI."
Musk's lawyer Marc Toberoff responded in a statement that OpenAI was putting control of the profit-making venture up for sale and said the move would "enrich some of its board members rather than charity."
