Musk Claims Altman Misled Him About OpenAI's Future
by Legal PDF: Tech Court CasesAugust 9th, 2024
Too Long; Didn't Read
In 2017-2018, discussions about converting OpenAI, Inc. from a non-profit to a for-profit model led to a major dispute. Elon Musk issued an ultimatum, halting funding until a firm commitment was made to retain the non-profit structure. Despite reassurances from Altman, it was later revealed that his true intention was to transition to a for-profit entity, aiming to benefit personally from the change.
Elon Musk v OpenAI, Court Filing, retrieved on April 30, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This part is 7 of 29.
D. Defendants Seek to Convert OpenAI, Inc. For Profit
83. In 2017-2018, Altman and Brockman moved to recast the nonprofit as a moneymaking endeavor to bring in shareholders, sell equity, and raise capital. Brockman and others suggested the move to Musk, who briefly toyed with the idea of using Tesla as OpenAI, Inc.’s “cash cow” to solve the nonprofit’s cash-flow concerns while keeping it in good hands and maintaining its mission.
84. After some back and forth, Musk wrote to Altman and Brockman: “Either go do something on your own or continue with OpenAI as a non-profit. I will no longer fund OpenAI until you have made a firm commitment to stay or I’m just being a fool who is essentially providing free funding to a start-up. Discussions are over.”
85. Altman tried to play the whole thing off, reassuring Musk: “[I] remain enthusiastic about the non-profit structure!” with Brockman soon following suit. But we now know that was a lie. Indeed, Altman wanted to convert the non-profit to a for-profit entity all along, but was only interested in doing so with Altman at the helm and in a way that most profited him.
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