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OpenAI rejects Elon Musk’s bid of $97.4 billion, standing its ground on the mission of making AGI deliver its fruits for all humanity, a matter too depressing for Musk, who also tried to buy the company.
Elon Musk’s bid to purchase OpenAI for $97.4 billion has reportedly been rejected by the board of directors in a major development. This bid, catalyzed by Musk and a consortium of investors, was aimed towards awakening the true spirit of OpenAI, a completely open, safety and accessibility focused entity. The company, however, hammered the bid down very quickly, with Chair Bret Taylor stating that the company was “not for sale” It was a unanimous decision by the board based on that mission: Artificial General Intelligence AGI must be for the benefit of all humanity.
This markup comes to the latest in the ongoing feud between Musk and the institute he once made headlines criticizing the plans for reorganization. Founded as a non-profit, the shift of OpenAI towards a more for profit standpoint has not only become an issue of contention but also has made Musk openly declare his dismay in this direction. The offer was an attempt to have the organization kept as a safety conscious non-profit entity, a very sharp contrast from the evolving plans the company has.
In response, OpenAI CEO Sam Altman humorously posted on X, “no thank you, but we will buy Twitter for $9.74 billion if you want.” OpenAI’s rejection also comes after the lawsuits filed by Musk against the company were dropped. Musk, who now leads AI competitor xAI, went further to criticize OpenAI’s trajectory by claiming the company is selling itself softly at a leftover price compared to Musk’s offer.
Altman openly expressed his frustration with Musk’s strategies during a recent AI summit in Paris. Rather than racing to obstruct OpenAI’s plans, he insisted that Musk ““I wish he would just compete by building a better product”
