OpenAI board unanimously rejects Elon Musk’s $97.4 billion proposal

Advertisement

Advertise with us

SAN FRANCISCO (AP) — OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk.

Read this article for free:


or

Already have an account? Log in here »

To continue reading, please subscribe:

Subscribe and receive a limited-edition Free Press branded hat or tote.

Digital Subscription

One year of digital access for only $205*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles

*First annual payment billed as $205.00 + GST for one year. This annual subscription will automatically renew at $233.00 + GST every 52 weeks (10% off the regular annual price of $259.35). Offer available to new and qualified returning subscribers only. Cancel any time.

To continue reading, please subscribe:

Add Free Press access to your Brandon Sun subscription for only an additional

$1 for the first 4 weeks*

  • Enjoy unlimited reading on winnipegfreepress.com
  • Read the E-Edition, our digital replica newspaper
  • Access News Break, our award-winning app
  • Play interactive puzzles
Start now

*Your next Brandon Sun subscription payment will increase by $1.00 and you will be charged $17.95 plus GST for four weeks. After four weeks, your payment will increase to $24.95 plus GST every four weeks.

Hey there, time traveller!
This article was published 14/02/2025 (583 days ago), so information in it may no longer be current.

SAN FRANCISCO (AP) — OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk.

“OpenAI is not for sale, and the board has unanimously rejected Mr. Musk’s latest attempt to disrupt his competition,” said a statement Friday from Bret Taylor, chair of OpenAI’s board.

OpenAI attorney William Savitt in a letter to Musk’s attorney Friday said the proposal “is not in the best interests of OAI’s mission and is rejected.”

FILE - The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data, March 9, 2023, in Boston. (AP Photo/Michael Dwyer, File)
FILE - The OpenAI logo appears on a mobile phone in front of a computer screen with random binary data, March 9, 2023, in Boston. (AP Photo/Michael Dwyer, File)

Musk, an early OpenAI investor, began a legal offensive against the ChatGPT maker nearly a year ago, suing for breach of contract over what he said was the betrayal of its founding aims as a nonprofit.

OpenAI has increasingly sought to capitalize on the commercial success of generative AI. But the for-profit company is a subsidiary of a nonprofit entity that’s bound to a mission — which Musk helped set — to safely build better-than-human AI for humanity’s benefit. OpenAI is now seeking to more fully convert itself to a for-profit company, but would first have to buy out the nonprofit’s assets.

Throwing a wrench in those plans, Musk and his own AI startup, xAI, and a group of investment firms announced a bid Monday to buy the nonprofit that controls OpenAI. Musk in a court filing Wednesday further detailed the proposal to acquire the nonprofit’s controlling stake.

Savitt’s letter Friday said that court filing added “new material conditions to the proposal. As a result of that filing, it is now apparent that your clients’ much-publicized ‘bid’ is in fact not a bid at all.” In any event, “even as first presented,” the board has unanimously rejected it, Savitt said.

Musk has alleged in the lawsuit that OpenAI is violating the terms of his foundational contributions to the charity. Musk had invested about $45 million in the startup from its founding until 2018, his lawyer has said.

He escalated the legal dispute late last year, adding new claims and defendants, including OpenAI’s business partner Microsoft, and asking for a court order that would halt OpenAI’s for-profit conversion. Musk also added xAI as a plaintiff, claiming that OpenAI was also unfairly stifling business competition. A judge is still considering Musk’s request but expressed skepticism about some of his claims in a court hearing last week.

——

The Associated Press and OpenAI have a licensing and technology agreement that allows OpenAI access to part of AP’s text archives.

Report Error Submit a Tip

More Stories

American Hostage stars recall warmth of Winnipeggers during brutal winter

Randall King 7 minute read Preview

American Hostage stars recall warmth of Winnipeggers during brutal winter

Randall King 7 minute read Yesterday at 6:13 PM CDT

TORONTO — When you stream the eight-part series American Hostage, a sense of familiarity may strike.

That’s because the show was shot in Winnipeg — especially in the Exchange District — from November of last year to the beginning of February, with Winnipeg portraying Indianapolis circa 1977.

The whole world seemed to be watching that midwest American city that year as a hostage crisis unfolded involving one Tony Kiritsis, an angry man who goes ballistic when a mortgage brokerage was poised to foreclose on property he had dreamed of developing into a shopping centre.

Kiritsis kidnapped his mortgage broker, Richard Hall, wiring a shotgun to the back of his head, and demanded a public airing of his grievances, with the reluctant help of popular radio broadcaster Fred Heckman.

Read
Yesterday at 6:13 PM CDT

Klein has burned bridges with PM, Gillingham says

Joyanne Pursaga 3 minute read Preview

Klein has burned bridges with PM, Gillingham says

Joyanne Pursaga 3 minute read Yesterday at 5:51 PM CDT

One mayoral candidate accused another of writing a column so critical it could compromise his ability to work with the federal government.

Read
Yesterday at 5:51 PM CDT

Jets GM insists club’s not working under any deadline in netminder’s trade request

Mike McIntyre 7 minute read Preview

Jets GM insists club’s not working under any deadline in netminder’s trade request

Mike McIntyre 7 minute read Thursday, Sep. 17, 2026

Connor Hellebuyck and his family were subject to so much post-Olympic vitriol that both the Winnipeg Jets security team and even police had to get involved.

Read
Thursday, Sep. 17, 2026

A Winnipeg lawyer has been disbarred after admitting to six counts of professional misconduct and two counts of providing incompetent service involving eight clients.

The career-ending decision marks the sixth time Gisele Champagne has been disciplined by the Law Society of Manitoba since she was called to the bar in 1992.

“Disbarment is the appropriate remedy when a lawyer has demonstrated a repeated pattern of conduct that violates professional standards,” a law society panel said in a written decision released Wednesday.

“A lawyer who has been unable to learn from past discipline proceedings to fulfill his or her obligation to provide ethical and high-quality legal services must at some point lose the privilege of practising law.”

Siloam Mission, WFPS discussing on-site paramedic to reduce staggering number of emergency calls

Scott Billeck 4 minute read Preview

Siloam Mission, WFPS discussing on-site paramedic to reduce staggering number of emergency calls

Scott Billeck 4 minute read Yesterday at 2:00 AM CDT

Winnipeg’s fire-paramedic service and its largest homeless-serving organization are discussing what it would look like to station at least one paramedic at Siloam Mission, as emergency calls to the downtown facility surge.

The ongoing discussions come as Winnipeg Fire Paramedic Service crews were dispatched 1,771 times during the first eight months of the year to the two adjacent Siloam properties at 303 Stanley St. and 300 Princess St.

WFPS said most of the calls were related to overdoses or other consequences of substance use, with the total nearly double the 854 calls recorded over the same period last year. By comparison, there were 831 calls during the same span in 2024, and 591 in 2023.

“The number of emergency calls isn’t sustainable for us as a service, but it’s certainly not sustainable for them as an agency trying to provide services,” WFPS chief Ryan Sneath told the Free Press. “And they recognize that they’re impacting emergency services, not them specifically, but the site in a significant way.”

Read
Yesterday at 2:00 AM CDT

Family account spiced with magic realism, geopolitical intrigue and a ghost story

Reviewed by Zilla Jones 4 minute read Preview

Family account spiced with magic realism, geopolitical intrigue and a ghost story

Reviewed by Zilla Jones 4 minute read 2:01 AM CDT

Tom Lin’s second novel Babylon, South Dakota moves beyond a historical account of an immigrant family’s struggle, delightfully blending and bending genres.

Lin is a Chinese-born novelist whose family emigrated to the U.S. when he was four years old. His debut novel, The Thousand Crimes of Ming Tsu, won the 2022 Andrew Carnegie Medal for Excellence in Fiction, making him the youngest ever recipient of that award. He earned a PhD in English from the University of California Davis and is currently an assistant professor of English and creative writing at the University of Iowa.

Babylon, South Dakota takes place in an unspecified time period that can be understood to be during the Mao era — likely the 1950s or ’60s. A young Chinese couple, the Hsuis, immigrate to the rural community that gives the book its title. They take the names Saul and Mei and settle on a 160-acre homestead left to them by a distant relative.

Saul’s dream is to breed and sell chrysanthemums from seeds he brought from China, while Mei wants to raise livestock. They speak no English, know nothing of life in the United States, are unprepared for the harshness of winter and the isolation of the farm and bring nothing with them except some gold, which Mei hides around the house for emergencies. Their only link to the outside world is a discarded and marginally functioning TV set, which Saul rescues and rigs up.

Read
2:01 AM CDT