SAN FRANCISCO (AP) — OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk.

The rejection stated that the board decided the bid was “not in the best interests” of the company’s mission.

OpenAI is reportedly in the final stages of developing its silicon by aiming to finalise its first chip design soon. The tool will be powered by a version of the upcoming OpenAI o3 model that’s ...