Microsoft (MSFT)-backed OpenAI is exploring special voting rights for its non-profit board to protect its leadership after Elon Musk’s $97

OpenAI's board of directors has officially rejected Elon Musk's nearly $100bn offer for the maker of what is the world's best-known artificial intelligence (AI) tool, ChatGPT. But the unsolicited bid might not be a failure - at least as far as Musk is concerned,

Elon Musk will drop his $97.4 billion bid to take over OpenAI if its board of directors stops the company’s conversion into a for-profit entity, a report said.

OpenAI's board rejected a $97.4-billion bid by an Elon Musk-led investment group to buy the San Francisco startup. OpenAI's board chair said the company is not for sale.

OpenAI is considering granting special voting rights to its nonprofit amid its transition to a for-profit company. By giving the board special voting rights, the company would be able to address criticism it had moved away from its mission of creating AI for the benefit of humanity.

Open AI CEO Sam Altman rejects rival co-founder Elon Musk's $97.4 billion takeover bid. Here's what to know about OpenAI and what is ChatGPT

The interview with Friar comes during a pivotal time, with the startup reportedly in talks to close a $40 billion investment from SoftBank.

The board of OpenAI unanimously rejected an unsolicited bid for the company launched by Elon Musk, saying it was a legal tactic not a serious offer.

AI has launched Grok 3, which Elon Musk calls its "most advanced AI model yet" while claiming it outperforms OpenAI's GPT-4o.

Musk and a consortium of investors previously launched a bid to acquire OpenAI's non-profit arm for $97.4 billion. OpenAI CEO Sam Altman has rebuffed the offer, telling CNBC that the move is just an effort by Musk to "slow down a competitor.