TSMC Accuses Former Executive of Leaking Trade Secrets as Taiwan Prosecutors Launch Investigation 
Peru’s Ex-President Martín Vizcarra Sentenced to 14 Years in Prison for Corruption 
Amazon Italy Pays €180M in Compensation as Delivery Staff Probe Ends 
Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman 
Australia Releases New National AI Plan, Opts for Existing Laws to Manage Risks 
ExxonMobil to Shut Older Singapore Steam Cracker Amid Global Petrochemical Downturn 
Morgan Stanley Boosts Nvidia and Broadcom Targets as AI Demand Surges 
Tesla Faces 19% Drop in UK Registrations as Competition Intensifies 
Afghan Suspect in Deadly Shooting of National Guard Members Faces First-Degree Murder Charge 
Microchip Technology Boosts Q3 Outlook on Strong Bookings Momentum 
Coupang Apologizes After Massive Data Breach Affecting 33.7 Million Users 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
Momenta Quietly Moves Toward Hong Kong IPO Amid Rising China-U.S. Tensions 
U.S. Justice Department Orders Intensified Probe Into Antifa and Domestic Extremist Groups 
Judge Dismisses Charges Against Comey and Letitia James After Ruling on Prosecutor’s Appointment 
Australia Moves Forward With Teen Social Media Ban as Platforms Begin Lockouts 
Trump Pardons Former Honduran President Juan Orlando Hernández in Controversial Move 
OpenAI has turned down a $97.4 billion acquisition offer from a consortium led by Elon Musk, stating it is not for sale. The bid, backed by Musk's AI startup xAI, aimed to prevent OpenAI from transitioning into a for-profit entity. OpenAI’s board, chaired by Bret Taylor, announced the unanimous rejection on X, emphasizing their commitment to ensuring artificial general intelligence (AGI) benefits humanity.
The rejected bid marks another chapter in the ongoing feud between Musk and OpenAI CEO Sam Altman. After Musk left OpenAI in 2019, the company established a for-profit arm, securing billions in funding. Musk, alleging a breach of OpenAI’s original mission, filed a lawsuit against Altman, OpenAI, and Microsoft in 2024, claiming the shift prioritizes profit over public good.
The consortium, which includes Valor Equity Partners, Baron Capital, and Hollywood power broker Ari Emanuel, offered to withdraw their bid if OpenAI abandoned its for-profit plans. However, OpenAI accused Musk of adding new conditions to the offer, undermining its legitimacy. In a letter from OpenAI’s lawyer William Savitt, the company declared Musk's bid disingenuous, highlighting his recent court filing as evidence.
The public clash continued on social media, with Altman dismissing the bid as a "no thank you" on X, prompting Musk to retort with "swindler." Despite mounting legal pressure, OpenAI remains firm on its nonprofit mission, stating that any future offers with similar terms would be rejected.
This high-profile dispute reflects broader tensions within the AI industry as major players navigate ethical concerns and profit motives. As OpenAI forges ahead with its mission, the conflict with Musk underscores the complexities of balancing innovation, competition, and societal impact.
