Musk Testifies He's 'a Fool' for Funding OpenAI in Lawsuit Against Company
Tech billionaire claims OpenAI 'stole a charity' by transitioning from non-profit to for-profit structure; seeks to oust Altman and roll back changes
Quick Look
- Elon Musk testified in court that he was 'a fool' for investing $38 million in OpenAI, which was founded as a non-profit in 2015 but later created a for-profit arm.
- Musk is suing OpenAI, CEO Sam Altman and others, claiming they 'stole a charity' by abandoning the non-profit's mission.
- Musk left OpenAI's board in 2018 after a disagreement about the for-profit structure and launched competing company xAI in 2023.
AI-generated summary
Elon Musk testified in court that he was 'a fool' for investing $38 million in OpenAI, which was founded as a non-profit in 2015 but later created a for-profit arm. Musk is suing OpenAI, CEO Sam Altman and others, claiming they 'stole a charity' by abandoning the non-profit's mission. Musk left OpenAI's board in 2018 after a disagreement about the for-profit structure and launched competing company xAI in 2023. He is seeking the ouster of Altman and OpenAI president Greg Brockman, and the rollback of the for-profit structure. OpenAI's lawyer contends the lawsuit is 'sour grapes' from a rival unhappy that OpenAI thrived after Musk left.
