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OpenAI's board rejected a $97.4-billion bid by an Elon Musk-led investment group to buy the San Francisco startup. OpenAI's board chair said the company is not for sale.

The "proposal, even as first presented, is not in the best interest of OAI's mission and is rejected," Savitt wrote to Marc Toberoff, who represents Musk. "The decision of the OAI board on this ...

The "much-publicized 'bid' is in fact not a bid at all," William Savitt, the attorney for OpenAI, wrote to Marc Toberoff, who represents Musk. Earlier this week, Toberoff disclosed that Musk was ...

OpenAI has officially rejected Elon Musk's proposal to buy the artificial intelligence startup's nonprofit parent for $97.4 billion. In a short letter to Musk's lawyer Friday, OpenAI's attorney ...