Sam Altman, the CEO of OpenAI, has rejected Elon Musk's $97 billion bid to take over the company.
Altman believes that Musk made the bid to gain a competitive edge and slow down OpenAI's progress.
Altman also criticized Musk, calling him insecure and suggesting that he should focus on building a better product instead of resorting to tactics like lawsuits.
The OpenAI board will consider Musk's bid, but Altman's rejection indicates a strong opposition to the acquisition.