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Elon Musk is spearheading a $97.4 billion offer to acquire OpenAI, the company behind ChatGPT, in a potentially game-changing AI deal. However, OpenAI CEO Sam Altman swiftly turned down the bid on Musk’s platform, X.

The billionaire is leading a group of investors in the unsolicited offer, which complicates the start-up’s plan to raise more money.