OpenAI CEO Sam Altman has soundly dismissed a $97.4 billion takeover bid backed by rival Elon Musk, but the unsolicited offer is likely to add complications to Altman’s push to transform the maker of ChatGPT into a for-profit company.

Open AI CEO Sam Altman rejects rival co-founder Elon Musk's $97.4 billion takeover bid. Here's what to know about OpenAI and what is ChatGPT

Key Takeaways Sam Altman said Tuesday that OpenAI is taking a reported offer from Elon Musk and other investors "not particularly" seriously.Altman told reporters at a Paris AI conference that he believes Musk is probably just trying to "slow down a competitor" so Musk's own AI projects can "try to catch up.