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Sam Altman, CEO of OpenAI, has turned down a $97.4 billion (£78.4 billion) acquisition proposal led by Elon Musk, stating that the company is “not for sale.”
Speaking at the AI Action Summit in Paris, Altman emphasized OpenAI’s commitment to its mission, saying, “We are an unusual organization with a mission to ensure artificial general intelligence (AGI) benefits all of humanity, and we are here to achieve that.”
According to a report by The Wall Street Journal, the bid was backed by Musk’s AI company, xAI, and targeted OpenAI’s non-profit governing entity.
Musk defended the offer in a press release, arguing that OpenAI had strayed from its original open-source, safety-driven approach. “It’s time for OpenAI to return to being a force for good. We will make sure that happens,” he stated.
This bid marks the latest development in an ongoing rivalry between Musk and Altman, which dates back to Musk’s departure from OpenAI’s board in 2018. The two are also engaged in a lawsuit, with Musk accusing OpenAI of prioritizing profit over its original commitment to open-source AI. A federal judge in California recently suggested that the case could extend into 2027.
Altman responded to Musk’s takeover attempt with a sharp remark on X (formerly Twitter), writing, “No thank you, but we will buy Twitter for $9.74 billion if you want”—a jab at Musk’s controversial $44 billion purchase of the social media platform in 2022.
With OpenAI resisting Musk’s advances, the clash between these tech leaders is set to continue, both in the courtroom and in the ongoing AI competition.
