PA RIS: Artificial intelligence developer OpenAI is `not for sale`, chief executive Sam Altman said in Paris on Tuesday in response to a reported $97.4 billion bid from competitor Elon Musk.

`OpenAI has a mission... of making AGI benefit all of humanity, Altman told a tech business event on the sidelines of the Paris AI summit, referring to an artificial general intelligence that would be smarter than a human in all areas.

`We are not for sale, he added, reiterating the ChatGPT maker`s message throughout the day in response to the takeover bid from Musk.

The Wall Street Journal reported late Monday that Musk, a co-founderof OpenAI, had made his $97.4 billion offer to the board. The Tesla, SpaceX and OpenAI challenger xAI chief`s intervention comes as OpenAI is raising cash and transforming itself into a for-profit entity.

OpenAI`s Chief Global Affairs Officer Chris Lehane had earlier said Musk`s offer came from a competitor `who has struggled to keep up with the technology and compete with us in the marketplace`.

Altman said that the economic potential of AI made the present a `moment that I`ve never seen before`.

`Maybe it was like this at the beginning of the Industrial Revolution.

Maybe it was like this at the beginning of the internet,` he added.

-AFP