The rivalry between Elon Musk and OpenAI has reached a new high after the company’s board unanimously rejected Musk’s bid, labeling it as an attempt to disrupt competition. OpenAI chairman Bret Taylor reinforced the organization’s stance,

Two of Silicon Valley’s most prominent tech titans are at loggerheads over the future of the creator of ChatGPT.

Musk’s consortium, which includes VCs like Joe Lonsdale’s 8VC and SpaceX investor Vy Capital, is offering exactly $97.375 billion to buy out OpenAI, and says in the letter 100% of the purchase price “would be paid in cash.”