Musk’s $97.4 Billion Bid for OpenAI Rejected as “Attempt to Slow Us Down”

OpenAI CEO Sam Altman has dismissed Elon Musk’s unsolicited $97.4 billion bid for the company’s nonprofit, calling it an attempt to slow them down. The billionaire investor had previously made a public offer for OpenAI, but the board may not formally reject the bid immediately.

Altman stated that Musk’s actions are driven by insecurity and a desire to compete with OpenAI technologically. The CEO also questioned Musk’s happiness, suggesting that his life is motivated by a need to prove himself.

Despite Altman’s strong statement, it appears that the OpenAI board may not have received any formal communication about the bid beyond media reports.

Source: https://techcrunch.com/2025/02/11/openai-ceo-sam-altman-calls-musks-bid-an-attempt-to-slow-us-down