OpenAI’s board ‘unanimously rejects’ Elon Musk’s offer to buy the company

OpenAI has rejected Elon Musk’s offer to purchase the company, which had been put at $97.4 m; t h eco m p an y^{'} s CEO, S am A lt man, res p o n d e d t o t h eo ff er b ys ugg es t in g h e w o u l d p u rc ha se Tw i tt er f or$ 9.74m.
OpenAI is currently transitioning to become a for-profit company and must do what is best for the nonprofit; this could involve proving that Altman’s plan leaves the company in a better position than Musk’s offer.
Musk has said he will withdraw his offer if OpenAI continues as a nonprofit.
Board chair Bret Taylor stated: “Any potential reorganisation of OpenAI will strengthen our nonprofit and its mission to ensure AGI [artificial general intelligence] benefits all of humanity”.

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