OpenAI is 'not for sale': Sam Altman after rejecting Elon Musk's $97.4bn offer

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Sam Altman has reportedly declared that the OpenAI board will reject a bid by an Elon Musk-led group of investors to buy the artificial intelligence company for about $100bn. Mr Altman told staff in a memo on Monday that the board of directors is clear that the company has no interest in the "supposed bid" by Mr Musk’s group, the Information reported. A consortium led by the Tesla boss on Monday offered $97.4bn to buy OpenAI. “It is time for OpenAI to return to the open-source, safety-focused force for good it once was,” Mr Musk said in a statement to The Wall Street Journal. “We will make sure that happens.” Mr Altman quickly rejected the proposal. “No thank you, but we will buy Twitter for $9.74 billion if you want,” he said. The Tesla chief responded with a jab, calling Mr Altman a “swindler”. Watch more on Independent TV: https://tinyurl.com/yc7ukx9n The Independent is the world’s most free-thinking newsbrand, providing global news, commentary and analysis for the independently-minded. Subscribe: https://bit.ly/Subscribe-to-Independent Find us on social: TikTok / https://www.tiktok.com/@independent Instagram / https://www.instagram.com/the.independent/ X (Twitter) / https://twitter.com/Independent Facebook / https://www.facebook.com/TheIndependentOnline Download the iOS & Android app: https://tinyurl.com/2s3ts5dh Sign up to our newsletters: https://tinyurl.com/2bmw565x Help to support truly independent journalism. Every dollar you contribute will directly fund additional special reports and investigations from a free-thinking, award-winning newsroom you can trust: https://www.independent.co.uk/donations