OpenAI Chief Executive Officer Sam Altman rebuffed Elon Musk’s $97.4 billion offer to take control of the artificial-intelligence startup for the second time in less than a day, accusing the world’s richest man of making the bid just to gain a competitive advantage.

"Altman rejects Musk’s $97bn OpenAI offer with counterproposal" was originally created and published by Verdict, a GlobalData owned brand.

Elon Musk’s investor group has proposed a $97.4 billion purchase of OpenAI’s non-profit arm, intensifying tensions between Musk and OpenAI. Musk’s lawyer submitted the offer, with backing from xAI and other investors.