Openai on Friday rejected a $ 97.4 billion (roughly Rs. 8,45,768 Crore) bid from a consortium line by billionaire elon musk for the chatgpt maker, say the Startup is not for Sale and That NOT for Sale Bid would be dishinuous.
The unsolicited approach is musk’s latest attempt to block the startup he co-founded with Openai Ceo Sam altman -But Later Left-From decided a for-protit firm, as it looks to secure more capital and stay ahead in the Artificial Intelligence (AI) Race.
“Openai is not for sale, and the board has unanimously rejected musk’s latest attempt to disrupt his competition. Agi Benefits All of Humanity, “it said on XQuoting Openai Chairman Bret Taylor on Behalf of the Board.
Musk’s Lawyer Marc Taberoff, in a statement, responded that openai is putting control of the for-protrol of the for-protect enterprise up for sale, and said the move will “Enrich its its certain boy
Openai in Late December Had Outlined Plans to Revamp Its Structure, Saying it would create a public benefit corpression to make it easy to “Raise more Capital Than We’D Imposed on the startup by its current nonprofit parent.
Altman on Monday had rebuffed the consortium’s offer with a “No Thank You” Posted on X, Prompting Musk to return: “Swindler.” On Tuesday, Altman Told News Website Axios that Openai was not for Sale.
Musk’s Lawyers, in a court filing on Wednsday, said the consortium, which includes musk’s own ai struatup xaiWould withdraw its bid for openai’s non-protrfit arm if it drops plans to become a for-protrit entity.
“Two days ago, you filed a please in court adding new material conditions to the proposal. Openai Board Said, According to a Letter Signed by William Savitt, A Lawyer Reporting The Company, and Sent to Toberoff on Friday.
Other Investors in the Consortium Include Valor Equity Partners, Baron Capital and Hollywood Power Broker Broker Ari Emanuel.
Altman and Musk Have Been at Loggerheads for Years.
After Musk’s Departure in 2019, Openai Created A For-Profit Arm that has Drawn Billions of Dollars in Funding, Sparking Allegations from Musk That The Startup Breed Its ORIGINAL MISTING PrOFITING PrOFITING PrOFITING Profit Larger Public Good.
Musk Sued Altman, Openai and Its Biggest Backer, MicrosoftIn August Last Year for Alleged Breach of Contract.
In November, Musk Asked A Federal Court for a Preliminary Injunction to Block Openai from Moving to a For-Profit Structure.
© Thomson Reuters 2025
(This story has not been edited by ndtv staff and is auto-generated from a syndicated feed.)
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