OpenAI Board Rejects $97.4 Billion Musk Bid to Take Company

Musk and investors seek nonprofit that controls AI startup
OpenAI considering how to restructure into for-profit company

OpenAI Board Rejects Musk's $97.4 Billion Offer

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By Shirin Ghaffary and Rachel Metz

February 14, 2025 at 9:30 PM UTC

Updated on

February 15, 2025 at 12:27 AM UTC

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OpenAI’s board of directors has formally rejected an offer from a group of investors led by Elon Musk to buy the nonprofit that controls the artificial intelligence company for $97.4 billion.

“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” Bret Taylor, OpenAI’s chairman, said in a statement Friday on behalf of the board.