Elon Musk tells court he was a "fool" for funding OpenAI
CBS News • • business
Key Points:
- Elon Musk testified that he felt like a "fool" for funding OpenAI, accusing the company’s leaders of breaking their promise to keep it a nonprofit focused on human progress.
- Musk’s lawsuit alleges OpenAI CEO Sam Altman and President Greg Brockman prioritized profit over the nonprofit founding agreement, seeking to remove Altman from the board.
- OpenAI denies Musk’s claims, arguing they never promised to remain a nonprofit indefinitely and accuse Musk of trying to undermine OpenAI’s growth to benefit his rival AI company, xAI.
- The trial, ongoing in California, could impact OpenAI’s future, including its plans for an initial public offering, with Musk’s initial $38 million investment now linked to a company valued at over $85 billion.
- Musk admitted during cross-examination that he initially sought majority control of OpenAI but expected his stake to dilute over time, a point OpenAI disputes, claiming no such assurances were made.
