Key points:

• OpenAI's board has rejected Elon Musk's $97.4 billion bid, stating, "OpenAI is not for sale."
• The rejection highlights a longstanding feud between Musk and current CEO Sam Altman.
• Musk has raised concerns over OpenAI's shift towards a for-profit model that he claims undermines its original mission.

OpenAI's board of directors has unanimously rejected a $97.4 billion bid from a consortium led by Elon Musk, further intensifying an ongoing feud with CEO Sam Altman. In a statement released on social media platform X, OpenAI Chairman Bret Taylor reiterated that "OpenAI is not for sale" and that any reorganization will only serve to bolster the nonprofit’s mission to ensure that artificial general intelligence (AGI) benefits all of humanity.

Musk’s unsolicited bid came after years of rising tension with Altman, especially following Musk’s exit from OpenAI in 2018. Recently, Musk criticized OpenAI for its profit-driven ambitions, expressing a desire for the firm to revert to its foundational principles. "It’s time for OpenAI to return to the open-source, safety-focused force for good it once was,” Musk claimed in a statement shared with The Hill.

The attempt to takeover OpenAI comes at a time when the AI sector is rapidly evolving, and Musk's own AI venture, xAI, has struggled to make significant headway. Analysts suggest that Musk's bid may complicate OpenAI's ongoing efforts to restructure its corporate framework, which aims to facilitate better fundraising opportunities.

Despite Musk's insistence that his intentions are altruistic, critics have pointed out that the bid could be a tactic to impede OpenAI's operational strategies. As noted by industry observers, Musk's actions may serve to create uncertainty around OpenAI's future financing, complicating the organization's path forward.

As the board continues to reject Musk’s moves, the landscape for AI development remains intricate and competitive. With various competitors emerging in the field, the evolution of OpenAI and its commitment to its mission will remain closely watched.

For further details, check the original articles from CBS News, Channel News Asia, and The New York Times.