6 months ago
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The BBC is reporting that Sam Altman, the chief executive of OpenAI – the maker of ChatGPT – has rebuffed a US $97 billion takeover bid from a consortium of investors led by Elon Musk.
An attorney for Musk confirmed he submitted the bid for all assets of the tech company to its board on Monday.
The offer is the latest twist in a longstanding battle between Musk, the world’s richest man and right hand to US President Donald Trump, and Altman over the future of the start-up at the centre of the AI boom.
In response to the bid, Altman posted on Musk’s social media platform X: “no thank you, but we will buy twitter for 9.74 billion if you want”.
His rejection of the bid does not necessarily mean the proposed takeover is dead.
OpenAI’s board will have a say on the company’s future and may favour a sale, especially if the offer is increased.
English (US) ·