OpenAI's board of directors has not yet received a formal bid from a consortium led by Elon Musk, a source familiar with the matter told Reuters on Tuesday, adding to the confusion over an unsolicited attempt to take control of the world's most prominent AI company.

The best outcome for Microsoft would be to use this moment to double-down on its own homegrown AI initiatives, while making sure it can still benefit from — but not depend on — OpenAI's technologies.

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.