Elon Musk is leading a group of investors in offering to buy control of OpenAI for $97.4 billion. OpenAI CEO Sam Altman said Musk is aiming to "slow down a competitor."

In an interview with Bloomberg, Altman says OpenAI is “not for sale” and the bid is the latest of “tactics, many, many lawsuits, all sorts of other crazy stuff, now this” for the “competitor” Musk to “slow us down.

A consortium led by Elon Musk said on Feb 10 it has offered $97.4 billion to buy the nonprofit that controls OpenAI. It’s another attempt by the billionaire to block the artificial intelligence startup from transitioning to a for-profit firm.