Elon Musk-led group to acquire OpenAI for $97.4bn.

An investor consortium led by Elon Musk, consisting of X.AI, Valor Management, Baron Capital Management, Vy Capital Management, Atreides Management, Eight Partners and other investment firms, offered to acquire the non-profit that controls OpenAI, the artificial intelligence startup currently restructuring into a for-profit firm, for $97.4bn. OpenAI CEO Sam Altman confirmed that the company's board rejected the offer and has no interest in Elon Musk's bid.