Altman and Musk were OpenAI’s founding co-chairs in 2015, but their relationship has devolved into name-calling, lawsuits and now a near $100 billion bid from Musk for OpenAI.

The group’s $97 billion offer is far lower than the OpenAI’s most recent valuation by investors. OpenAI CEO Sam Altman rebuffed the offer in a post on X.

Elon Musk and a group of investors have submitted an unsolicited bid of $97.4 billion to take control of the artificial intelligence company behind ChatGPT, OpenAI.