OpenAI is reversing course and said Monday its nonprofit will continue to control the business that makes ChatGPT and other artificial intelligence products.

OpenAI says its board of directors has unanimously rejected a $97.4 billion takeover bid by Elon Musk.

OpenAI CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman’s push to transform the maker of ChatGPT into a for-profit company.

Newly named Twitter CEO Parag Agrawal (PUH-rag AH-gur-wahl) has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs.