- OpenAI rejected Elon Musk’s $97.4 billion takeover bid.
- A top executive said the company is “not for sale.”
- OpenAI criticized Musk for struggling to compete in AI.
Artificial intelligence giant OpenAI has firmly rejected a reported $97.4 billion takeover bid from billionaire Elon Musk, stating that the company is not for sale.
Chris Lehane, OpenAI’s Chief Global Affairs Officer, dismissed the offer while speaking at an AI summit in Paris on Tuesday. “OpenAI is not for sale, and any such suggestion is really disingenuous,” he said.
EDITOR’S PICK
- G.10 Marks 4th Anniversary with Palliatives and Educational Support, Urges Youths to Stay Focused
- Tragic Crash in Ayetoro, Epe: One Dead, Another Injured as Speeding Car Slams into Parked Truck
- Atiku Abubakar Disclose Motives Behind Meeting with Olusegun Obasanjo
Lehane also took a swipe at Musk, suggesting that the bid came from a competitor struggling to keep up with OpenAI’s advancements in artificial intelligence.
“This offer comes from someone who has failed to compete with us in the marketplace,” he added.
The rejection comes amid growing competition in the AI industry, where OpenAI’s ChatGPT has maintained a dominant position.
Musk, who co-founded OpenAI in 2015 but later distanced himself from the company, has been critical of its direction and recently launched his own AI venture, xAI.
While OpenAI has not confirmed whether it officially received Musk’s bid, Lehane’s comments make it clear that the company has no intention of selling.
Industry experts see the move as a reflection of OpenAI’s confidence in its market leadership.
Musk, known for his ambitious business moves, has not yet publicly responded to OpenAI’s remarks.
However, the bid, if confirmed, would have been one of the largest acquisitions in the AI sector.
FURTHER READING
- Heartbreak in Yobe: Politician Loses Six Loved Ones to Chronic Kidney Disease
- Tensions Rise as Hamas Suspends Hostage Release
- UK PM Keir Starmer Urges World Leaders to Take HIV Test
As AI competition intensifies, OpenAI remains focused on expanding its technology, while Musk continues to push forward with his own AI initiatives.
Click HERE For Our Video Of the Week
