OpenAI's Altman seems to reject Musk's $97.4 billion control offer

OpenAI's Sam Altman said "no, thank you" to Elon Musk regarding X when Musk reportedly offered to buy back this AI company for nearly $100 million.

OpenAI CEO Sam Altman appears to have declined Elon Musk's $97.4 billion acquisition offer for the ChatGPT-producing company.

The Wall Street Journal reported that a group of investors led by Musk submitted a $97.4 billion buyout proposal to OpenAI's board of directors on February 10.

Altman responded in a post on February 10 on X that, "no, thank you but we will buy Twitter for $9.74 billion if you want."

Musk acquired the platform, now known as X, for $44 billion in 2022.

Musk seemingly responded by sharing a video on X of Altman's 2023 testimony before Congress, in which he told lawmakers that he does not own any stake in OpenAI, with the caption "Altman Fraud."

Altman and Musk were co-founders and co-chairs of OpenAI when the company launched in 2015 as a nonprofit organization. Musk's offer comes amid a conflict with Altman over the direction of this artificial intelligence company as Altman wants to transition the company into a for-profit venture, which Musk disagrees with.

Musk sued OpenAI and Altman in August, accusing them of violating their promise to operate as a nonprofit.