Elon Musk intensified his feud with OpenAI by accusing the company of trying to eliminate its non-profit component. Despite Musk’s consortium making a $97.4 billion bid, OpenAI's CEO Sam Altman rejected the takeover,

The group’s $97 billion offer is far lower than the OpenAI’s most recent valuation by investors. OpenAI CEO Sam Altman rebuffed the offer in a post on X.

In a dramatic escalation of Silicon Valley’s most heated AI rivalry, Elon Musk just announced that he’s leading a $97.4 billion bid to buy OpenAI’s nonprofit arm, according to The Wall Street Journal. The bid was reportedly delivered to the board Monday morning.