OpenAI on Friday rejected a $97.4 billion bid from a consortium led by billionaire Elon Musk for the ChatGPT maker, saying the startup is not for sale and that any future bid would be disingenuous. The unsolicited approach is Musk's latest attempt to block the startup he co-founded with OpenAI CEO Sam Altman — but later left — from becoming a for-profit firm,

Elon Musk says he will drop his $97.4 billion bid for OpenAI on one condition: CEO Sam Altman must ditch his plan to make it for-profit

"OpenAI is not for sale, and the board has unanimously rejected Mr. Musk's latest attempt to disrupt his competition," the company shared in a statement on the Musk-owned social media platform, X. "Any potential reorganization of OpenAI will strengthen our nonprofit and its mission to ensure AGI benefits all of humanity."