OpenAI president discloses his stake in the company is worth $30B
12 hours ago
- #Wealth Disclosure
- #OpenAI
- #Lawsuit
- OpenAI President Greg Brockman testified in court that his stake in the company is worth nearly $30 billion.
- Brockman stated he did not personally invest money in OpenAI, which was founded as a nonprofit in 2015 with Elon Musk as a primary funder.
- The trial involves a civil lawsuit accusing Brockman and CEO Sam Altman of betraying Musk by shifting OpenAI from its altruistic mission to a profit-driven venture.
- Musk's text message to Brockman before the trial proposed a settlement, but when Brockman suggested dropping claims, Musk warned they would become 'the most hated men in America.'
- The judge did not admit the text exchange as evidence in the trial, which centers on OpenAI's evolution into a company now valued at $852 billion.