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OpenAI rejects Musk’s takeover offer, says it was ‘not a bid at all’

  • OpenAI's board of directors has unanimously rejected Elon Musk's $97.4 billion takeover bid, asserting it is not for sale and is against the mission of the organization.
  • Musk, alleging breach of contract, has accused OpenAI of betraying its nonprofit founding aims and initiated legal disputes.
  • Bret Taylor, chair of OpenAI's board, reiterated that OpenAI is not for sale and rejected Musk's attempts to disrupt competition.
  • A judge is still deliberating Musk's legal claims, but expressed skepticism during a recent court hearing.
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BASIC thinking broke the news in on Friday, February 14, 2025.
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