Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 billion to buy out OpenAI, and says in the letter 100% of the purchase price “would be paid in cash.”

The board of OpenAI, the company behind ChatGPT, has received an offer from Elon Musk and investors to purchase the company.

The OpenAI CEO quickly rejected the deal on Musk’s X platform, saying, “no thank you but we will buy Twitter for $9.74 billion if you want.”

Elon Musk said he'll withdraw his $97.4 billion bid to buy OpenAI if the ChatGPT maker stops trying to become a for-profit company.

OpenAI’s board of directors has responded to Elon Musk’s bid to buy the company. In a statement on X, OpenAI chair Bret Taylor said, “OpenAI is not for sale, and the board has unanimously rejected Mr.

Sam Altman is leaving no room for doubt about his views on an Elon Musk-led bid to take control of OpenAI. In a letter to OpenAI staff Monday, the CEO put the words “bid” and “deal” in scare quotes and said the startup’s board has no interest in the offer.

The world’s richest man, Elon Musk, and the CEO who heads the world's most popular AI company, Sam Altman, are once again at odds.

OpenAI's board rejected a $97.4-billion bid by an Elon Musk-led investment group to buy the San Francisco startup. OpenAI's board chair said the company is not for sale.

A recent report revealed that a consortium led by Elon Musk had placed a $97.4 billion bid on OpenAI. According to OpenAI’s CEO Sam Altman, it seems that the company has no intention of entertaining the bid.