OpenAI CEO Sam Altman said his company would reject Elon Musk’s $97.4 billion bid for it as it transitions partly into becoming a for-profit company. Altman rejected Musk’s bid on X, writing “No thank you but we will buy twitter for $9.

Sam Altman is leaving no room for doubt about his views on an Elon Musk-led bid to take control of OpenAI. In a letter to OpenAI staff Monday, the CEO put the words “bid” and “deal” in scare quotes and said the startup’s board has no interest in the offer.

Sam Altman said that Elon Musk’s “insecurity” was a factor in his decision to make a hostile $97.4 billion bid to take control of OpenAI.