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OpenAI’s clap back to Musk lawsuit claims he agreed they should become for profit

Mar 06, 2024 - fastcompany.com
OpenAI has responded to Elon Musk's accusations that the company has betrayed its founding principles of benefiting humanity, instead choosing to pursue profits. The AI company, which Musk helped fund, has vowed to dismiss all of Musk's claims, stating that both the company and Musk recognized the need for OpenAI to become a for-profit entity. Musk's lawsuit alleges breach of contract and seeks to prevent anyone, including Microsoft, from financially benefiting from OpenAI's technology.

OpenAI, in a blog post, reiterated its mission to ensure artificial general intelligence (AGI) benefits all of humanity. The company also revealed that Musk invested less than $45 million, while it has raised over $90 million from other donors. OpenAI leaders stated that by 2017, they realized building AGI would require vast amounts of computing power and capital, far more than they initially thought they could raise as a nonprofit.

Key takeaways:

  • OpenAI has responded to Elon Musk's accusations of betrayal and profit-seeking, vowing to dismiss his lawsuit and reiterating its mission to ensure artificial general intelligence (AGI) benefits all of humanity.
  • Musk's lawsuit alleges breach of contract, claiming that he had an agreement with OpenAI to remain a nonprofit and develop technology for public benefit. He seeks to prevent anyone, including Microsoft, from financially benefiting from OpenAI's technology.
  • OpenAI claims both the company and Musk recognized the need for the company to transition to a for-profit entity, citing email exchanges discussing the possibility but failing to agree on terms.
  • OpenAI also revealed that while Musk invested less than $45 million, it has raised more than $90 million from other donors, and that by 2017, the company leaders realized that building AGI would require billions of dollars per year.
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