OpenAI CEO Sam Altman has rejected rival Elon Musk's takeover bid of over $97 billion. Altman stated, “We are not for sale” during an AI summit in Paris. The bid marks a new chapter in the ongoing rivalry between Altman and Musk, who co-founded OpenAI as a nonprofit but have clashed over its direction. Musk is a former investor and board member. He quit the organization in 2018 after a power struggle, and the two have since become key competitors in the growing AI sector. Musk is building his own AI company, xAI, as part of his broader business empire.