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

OpenAI's board chairman on Friday said it has unanimously rejected an Elon Musk-led offer to buy the hot artificial intelligence company for $97.4 billion.

The Endeavor CEO was enlisted to join investors who put in an unsolicited offer to buy OpenAI's majority share of its for-profit arm.

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