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.
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.
As AI competition intensifies, OpenAI remains focused on expanding its technology, while Musk continues to push forward with his own AI initiatives.
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