Companies

OpenAI Rejects Elon Musk’s $97.4 Billion Buyout Offer

OpenAI’s board has unanimously rejected Elon Musk’s takeover bid.
OpenAI Rejects Elon Musk’s $97.4 Billion Buyout Offer
The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data in Boston on March 9, 2023. Michael Dwyer/AP Photo
Tom Ozimek
Tom Ozimek
Reporter
|Updated:
0:00

Tech billionaire Elon Musk’s bid to acquire ChatGPT-maker OpenAI has been rejected by the company’s board of directors.

“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” Bret Taylor, chair of OpenAI’s board, said in a statement on Feb. 14. “Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity.”
Tom Ozimek
Tom Ozimek
Reporter
Tom Ozimek is a senior reporter for The Epoch Times. He has a broad background in journalism, deposit insurance, marketing and communications, and adult education.
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