OpenAI firmly rejects Elon Musk's $97 billion bid

In the United States, recent news has highlighted significant developments in the tech industry, particularly concerning Elon Musk's ambitious proposal to acquire OpenAI. On February 16, 2025, it was revealed that Musk had submitted a public bid valued at $97.4 billion for the artificial intelligence startup's nonprofit parent. However, OpenAI's board of directors swiftly rejected this offer, asserting that the company is "not for sale." This decision was communicated through a formal letter from OpenAI's attorney, William Savitt, who stated to Musk's lawyer, Marc Toberoff, that the bid was not regarded as a genuine proposal. OpenAI, founded with the mission to promote and develop friendly AI, has established its autonomy and commitment to its original vision, thereby indicating that regardless of financial capabilities, there are fundamental principles at play. This rejection underscores the growing emphasis on ethical integrity and purpose-driven business practices within the tech industry, especially in organizations dealing with advanced artificial intelligence technologies. Musk's approach to acquiring such a pivotal player in the AI field reflects his ongoing interest in technology and innovation, although it also raises questions about the consequences of such acquisitions for the future of AI development and governance in the market. The implications of the rejection might extend beyond OpenAI, influencing other tech companies' stance on independence and the role of investments in shaping the future of AI and technology innovation, especially considering the heavy reliance of the U.S. economy on consumer spending. In the same week, other companies like Intel, Broadcom, and TSMC were involved in preliminary discussions regarding potential bids and structural changes, highlighting a period of significant activity and shifts within the technology sector. Such developments signify that while monetary power can influence market dynamics, certain organizations prioritize foundational values and their mission over financial propositions.