OpenAI Board Dismisses Elon Musk's Acquisition Offer
The board unanimously rejected a $97.4 billion proposal from Musk and his team, stating firmly that OpenAI is not for sale.
The board of OpenAI has formally declined an acquisition offer worth 97.4 billion dollars from Elon Musk and a consortium of investors.
Chairman Bert Taylor released a statement confirming that OpenAI is not on the market and that the board unanimously rejected Musk’s recent efforts to meddle with the organization’s operations.
This rejection occurs as discussions continue regarding a planned reorganization of OpenAI's ChatGPT production activities.
OpenAI was established as a non-profit research entity, with a for-profit branch, and is currently considering changes aimed at facilitating fundraising and enhancing returns for investors and employees.
Elon Musk has criticized the reorganization plan, arguing that it strays from the company's foundational non-profit principles.
Earlier this week, Musk's investor group suggested acquiring OpenAI to revert it to an open-source, safety-oriented model.
In response, CEO Sam Altman brushed off the proposal in a social media message, asserting that OpenAI is not for sale.
Chairman Taylor further emphasized that any upcoming reorganization would strengthen the organization’s dedication to benefiting all of humanity.
Mark Tubrof, representing Musk’s group, noted that the board's decision was anticipated, although he raised concerns about how the board’s strategy would align with the broader interests at play.
Chairman Bert Taylor released a statement confirming that OpenAI is not on the market and that the board unanimously rejected Musk’s recent efforts to meddle with the organization’s operations.
This rejection occurs as discussions continue regarding a planned reorganization of OpenAI's ChatGPT production activities.
OpenAI was established as a non-profit research entity, with a for-profit branch, and is currently considering changes aimed at facilitating fundraising and enhancing returns for investors and employees.
Elon Musk has criticized the reorganization plan, arguing that it strays from the company's foundational non-profit principles.
Earlier this week, Musk's investor group suggested acquiring OpenAI to revert it to an open-source, safety-oriented model.
In response, CEO Sam Altman brushed off the proposal in a social media message, asserting that OpenAI is not for sale.
Chairman Taylor further emphasized that any upcoming reorganization would strengthen the organization’s dedication to benefiting all of humanity.
Mark Tubrof, representing Musk’s group, noted that the board's decision was anticipated, although he raised concerns about how the board’s strategy would align with the broader interests at play.
