OpenAI’s internal documents reveal Elon Musk’s early support for a $10 billion ICO to fund its nonprofit projects in 2018, which he later abandoned. Tensions arose when OpenAI refused to grant Musk control over the for-profit arm, leading to his exit. Musk’s subsequent lawsuit claims breach of charitable trust, while OpenAI contends he lacks standing due to indirect contributions. Despite Musk’s assertion that his $38 million investment formed 60% of the initial funding, OpenAI emphasizes that his non-monetary contributions were also vital. President Greg Brockman argues that Musk’s lawsuit is a strategic harassment attempt, misrepresenting historical negotiations. OpenAI’s structure today combines a nonprofit and a public benefit corporation, a model Musk initially agreed upon. Brockman insists that Musk’s motivations might pivot towards his own AI ventures, revealing a potential competitive stance. As the situation unfolds, OpenAI remains focused on its mission amidst legal challenges.
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