Sam Altman, CEO of OpenAI, has rejected Elon Musk's proposed $97.4 billion bid to acquire the AI company. The bid, submitted by a group of investors led by Musk, was made on February 10. Altman responded humorously on social media, suggesting they would consider buying Twitter for $9.74 billion instead. Musk, who co-founded OpenAI in 2015, has expressed disagreement with Altman's plans to transition OpenAI to a for-profit model. The ongoing conflict stems from Musk's concerns regarding OpenAI's direction, prompting legal action previously over breach of nonprofit intentions, which Musk later dropped. Musk’s bid, supported by his AI firm xAI and various investment companies, is indicative of his desire to regain influence over the organization he helped establish. Musk's lawyer stated they are prepared to exceed any competing offers, emphasizing the importance of fair compensation for the technology being developed under OpenAI's leadership.

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