Elon Musk says he will drop his $97.4 billion bid for OpenAI on one condition: CEO Sam Altman must ditch his plan to make it for-profit

Elon Musk is leading efforts to buy artificial intelligence leader OpenAI, the maker of ChatGPT, for roughly $100 billion.

Elon Musk announces $97.4 billion bid to buy ChatGPT maker OpenAI, with CEO Sam Altman saying 'no thank you' and offers to buy X for $9.74 billion.

SAN FRANCISCO (AP) — OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk. “OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” said a statement Friday from Bret Taylor, chair of OpenAI’s board.

The board of the ChatGPT developer decided the $97.4 billion bid was “not in the best interests” of the company’s mission.

The board's rejection came as Musk continued to goad OpenAI over the issue. In a court filing dated on Wednesday, Musk offered to withdraw the bid if OpenAI stops the restructurin

A recent report revealed that a consortium led by Elon Musk had placed a $97.4 billion bid on OpenAI. According to OpenAI’s CEO Sam Altman, it seems that the company has no intention of entertaining the bid.