00:00It's Benzinga bringing Wall Street to Main Street.
00:02OpenAI CEO Sam Altman has rejected rival Elon Musk's takeover bid of over $97 billion.
00:08Altman stated, we're not for sale during an AI summit in Paris.
00:11The bid marks a new chapter in the ongoing rivalry between Altman and Musk,
00:15who co-founded OpenAI as a non-profit but have clashed over its direction.
00:19Musk is a former investor and board member.
00:21He quit the organization in 2018 after a power struggle,
00:24and the two have since become key competitors in the growing AI sector.
00:28Musk is building his own AI company, XAI, as part of his broader business empire.
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