OpenAI's board of directors has rejected Elon Musk's $97.4 billion bid to buy the company, calling Musk's bid an "attempt to ...

OpenAI’s board of directors has formally rejected a $97.4 billion bid by Elon Musk and other investors to purchase the company.

The rejection stated that the board decided the bid was “not in the best interests” of the company’s mission.

Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 ...

Softbank, which is Arm's majority owner, is also the key financial partner for the project, and Softbank's influence across the tech world shouldn't be overlooked by investors. In fact, Softbank, ...

The unsolicited offer has complicated OpenAI CEO Sam Altman’s plans for the ChatGPT maker’s future.