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, ...

Elon Musk has spoken out against OpenAI becoming a for-profit company. - Aaron Schwartz/Zuma Press. Elon Musk said he would ...

Elon Musk is willing to yank his $97.4 billion bid for the nonprofit that oversees OpenAI if its directors agree to stop a for-profit transformation, escalating his long-running feud with OpenAI CEO ...

SoftBank itself has invested $2.0 billion in OpenAI through its Vision Fund 2, after the Japanese company bought $1.5 billion of existing shares in January. The company's cash position stood at 5.0 ...

Reuters.com is your online source for the latest news stories and current events, ensuring our readers up to date with any breaking news developments ...

In testimony to Congress, Fed Chair Jerome Powell stressed the U.S. central bank is in no rush to cut interest rates. His ...

The enmity between Elon Musk and Sam Altman came out in the open when President Donald Trump announced Stargate project that ...

The European Commission also announced a fund specific to AI gigafactories to allow companies to train their AI models.