Sign up to save tools and stay up to date with the latest in AI
bg
bg
1

OpenAI says Musk only ever contributed $45 million, wanted to merge with Tesla or take control | TechCrunch

Mar 06, 2024 - techcrunch.com
OpenAI, an AI startup co-founded by Elon Musk, has announced its intention to dismiss all claims made by Musk in a recent lawsuit. The company suggests that Musk's impact on its development and success was minimal, and that it raised less than $45 million from him, despite his initial commitment of $1 billion. The company also secured more than $90 million from other donors. The lawsuit alleges that OpenAI breached its original contractual agreements by pursuing profits instead of its founding mission to develop AI that benefits humanity.

OpenAI maintains that its mission is to ensure AGI benefits all of humanity, which includes developing safe and beneficial AGI while promoting widespread access to its tools. The company cited how its tool is being used in places including Kenya and India to empower people and improve their daily lives. In response to Musk’s accusation of OpenAI abandoning its open-source principles, the Microsoft-backed startup countered by emphasizing that Musk had been aware of and agreed to the eventual shift away from complete transparency as the organization made significant progress in its AGI development.

Key takeaways:

  • OpenAI plans to dismiss all claims made by Elon Musk in a recent lawsuit, suggesting that Musk didn't have a significant impact on the company's development and success.
  • Despite Musk's initial commitment to provide $1 billion in funding, OpenAI has raised less than $45 million from him since its inception in 2015.
  • Musk has accused OpenAI of breaching its original contractual agreements by pursuing profits instead of its founding mission to develop AI that benefits humanity.
  • OpenAI maintains that its mission is to ensure AGI benefits all of humanity, and has countered Musk's accusations by stating that he was aware of and agreed to the shift away from complete transparency as the organization made significant progress in its AGI development.
View Full Article

Comments (0)

Be the first to comment!