Elon Musk Wanted 90% of OpenAI, Says Sam Altman

5d ago·0:00 listen·Source: The Hindu

Summary

OpenAI CEO Sam Altman says Elon Musk wanted 90% control of the company. This comes out during a trial where Musk is suing OpenAI. Here's the thing: Altman testified that Musk initially demanded a 90% equity stake. This demand later softened, but it always remained a majority. Altman stated he was uncomfortable with Musk's unwillingness to commit in writing to not having long-term control. What's interesting is that OpenAI was founded as a non-profit. It later formed a for-profit subsidiary in 2019. Altman and others say this was necessary to raise funds. Musk claims Altman and co-founder Greg Brockman improperly used a $38 million injection meant to keep OpenAI as a research lab. The bottom line: Musk's lawsuit seeks to revert OpenAI to non-profit status, a move that could impact its position in the global AI race. This trial sheds light on the intense competition and disagreements within the AI industry.

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