Business
OpenAI Board Rejects Elon Musk’s $97.4 Billion Bid to Purchase the Company
February 17, 2025
February 12, 2025
By Evans Momodu
2 minute read
OpenAI's CEO Sam Altman has stated that the company is "not for sale" after Elon Musk led an unsolicited $97.4bn (£78.7bn) bid for the platform.
Speaking at the Paris AI Summit, Altman emphasized that OpenAI's mission remains a priority and that the board will decide how to proceed.
Musk, a co-founder of OpenAI, has been critical of the company’s transition to a for-profit model and has taken legal action against it. He stated that OpenAI should return to being an "open-source, safety-focused force for good."
Altman also expressed a willingness to collaborate with China, though he acknowledged uncertainty about whether the U.S. government would allow it.
Meanwhile, Chinese AI firm DeepSeek has shaken up the industry with a powerful and cost-effective AI model, raising security concerns among U.S. officials.
Regarding AI regulation, Altman maintained that safety remains integral to OpenAI's work but noted that discussions at the summit have focused more on making AI cheaper and more advanced.
U.S. Vice President JD Vance warned that excessive regulation could hinder AI innovation, comparing the current AI boom to the industrial revolution. He affirmed that the Trump administration would ensure AI systems remain free from ideological bias and that free speech is protected.
Source: Sky news