OpenAI Rejects Musk's Takeover Offer as Not a Bid

OpenAI's board has unanimously declined Elon Musk's $97.4 billion takeover offer, categorizing it as 'not a bid at all.' Musk suggested withdrawing the bid if OpenAI abandoned its profit transition plans. OpenAI affirmed that any restructuring would reinforce its nonprofit status and mission, aiming to ensure that AGI benefits humanity. The board intends to engage independent financial advisors to address the situation and maintains a unanimous stance on the issue.