todayonchain.com

Sam Altman testifies Elon Musk demanded 90% control of OpenAI

Crypto Briefing
Sam Altman testified that Elon Musk sought near-total control of OpenAI during its early years, contradicting Musk's claims of being betrayed by the organization.

Summary

In testimony for Elon Musk's civil trial against OpenAI, CEO Sam Altman alleged that Musk demanded 90% equity, full board control, and the CEO position during the company's formation. This account directly challenges Musk’s lawsuit, which characterizes OpenAI’s shift from a nonprofit to a for-profit entity as a betrayal of its original mission. Altman suggests that Musk's departure was driven by his failure to secure absolute control rather than ideological disagreements. The ongoing legal battle carries significant weight for investors, particularly Microsoft, as the court proceedings expose sensitive internal governance details that could impact OpenAI's commercial structure and future operations.

(Source:Crypto Briefing)