OpenAI CEO Sam Altman has rejected rival Elon Musk's takeover bid of over $97 billion. Altman stated, “We are not for sale” during an AI summit in Paris. The bid marks a new chapter in the ongoing rivalry between Altman and Musk, who co-founded OpenAI as a nonprofit but have clashed over its direction. Musk is a former investor and board member. He quit the organization in 2018 after a power struggle, and the two have since become key competitors in the growing AI sector. Musk is building his own AI company, xAI, as part of his broader business empire.
Category
🗞
NewsTranscript
00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI CEO Sam Altman has rejected rival Elon Musk's takeover bid of over $97 billion.
00:08Altman stated, we're not for sale during an AI summit in Paris.
00:11The bid marks a new chapter in the ongoing rivalry between Altman and Musk,
00:15who co-founded OpenAI as a non-profit but have clashed over its direction.
00:19Musk is a former investor and board member.
00:21He quit the organization in 2018 after a power struggle,
00:24and the two have since become key competitors in the growing AI sector.
00:28Musk is building his own AI company, XAI, as part of his broader business empire.