Elon Musk has led a £78.3billion bid to take control of artificial intelligence company OpenAI, only to face immediate rejection from its chief executive. The Tesla billionaire's consortium offered $97.

Last March, Musk filed a lawsuit claiming OpenAI, a global leader in artificial intelligence innovation which has developed the ChatGPT chatbot, DALL-E image generator and other advanced AI-driven tools, breached promises made in its founding documents and prioritizes profit motive over serving the public good.

Open AI CEO Sam Altman rejects rival co-founder Elon Musk's $97.4 billion takeover bid. Here's what to know about OpenAI and what is ChatGPT

But Trump has shown no inclination to adhere to the separation of powers that gives a lead role to Congress. Instead, in his first two weeks back in the White House, he made clear he is determined to run the government based on executive decrees, not by proposing and passing conservative laws in Congress.

President Trump has empowered Elon Musk, the richest man in the world, to gut the federal bureaucracy. Here's 5 ways he's starting to carry it out.

President Donald Trump appears with Elon Musk in the Oval Office, a rare joint appearance between the Republican commander-in-chief and his most powerful adviser as they defended their actions to slash the federal government.