Ari Levy and Kate Rooney | CNBC
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OpenAI has officially rejected Elon Musk's proposal to buy the artificial intelligence startup's nonprofit parent for $97.4 billion.
In a short letter to Musk's lawyer Friday, OpenAI's attorney, William Savitt, said the OpenAI board had reviewed the proposal and determined that the billionaire's "much-publicized 'bid' is in fact not a bid at all."
The "proposal, even as first presented, is not in the best interest of OAI's mission and is rejected," Savitt wrote to Marc Toberoff, who represents Musk. "The decision of the OAI board on this matter is...
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