Elon Musk has had his OpenAI consortium takeover bid rejected by its chief executive Sam Altman – whom he co-founded the artificial intelligence tool with in 2015.
ChatGPT has rejected a consortium takeover bid led by Elon Musk.
The world’s richest man – who co-founded OpenAI with chief executive Sam Altman in 2015 as a non-profit company and left in 2018 – offered $97.4bn for “all assets” of the artificial intelligence tool on Monday (10.02.25).
However, the OpenAI boss declined and instead poked fun at Musk in offering to buy his social media platform.
He wrote on Musk’s X platform: “No thank you, but we will buy [X] for $9.74 billion if you want.”
Despite Altman saying no to the bid, the company may agree to a sale if the offer is increased.
Musk’s move comes as he and Altman are in an ongoing legal row.
The Tesla and Space X founder has accused OpenAI of breaching the rules he and Altman agreed to when the pair set it up 10 years ago.
Meanwhile, US President Donald Trump has said he’s open to Musk – who is spearheading Trump’s Department of Government Efficiency (DOGE) – buying TikTok if ByteDance agrees to sell.
Speaking after announcing a $500 billion investment in AI infrastructure project Stargate late last month, Trump said when asked if he would be open to the billionaire businessman buying TikTok: “I would be, yeah.
“I met with owners of TikTok, the big owners, it’s worthless if it doesn’t get a permit.
“It’s not like you can take the US. The whole thing is worthless. With a permit it’s worth like a trillion dollars.
“So, what I’m thinking saying to somebody is buy it and give half to the United States of America and we’ll give you a permit and they’ll have a great partner, the United States.”
Elon Musk has OpenAI consortium takeover bid rejected
