According to the lawsuit, such actions constitute a breach of the founding agreement between Musk — who co-founded OpenAI in 2015 but no longer retains a stake in the company — Altman, and OpenAI president Greg Brockman, who committed to making the project a nonprofit and its technology open...
But he also left out something important: he owns stock in Y Combinator (where he used to be president), and Y Combinator owns stock in OpenAI (where he is CEO), an indirect stake that is likely worth tens of millions of dollars. Altman had to have known this. It later came out ...
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Musk’s first major financial windfall came via the sale of Zip2 in 1999, which earned him $22 million for his stake. He invested that money into X.com, which turned into a $165 million sum following eBay’s purchase of the renamed PayPal in 2002 and allowed Musk to earn his first ...
That Musk even is holding the meeting is unusual at this point. Ever since he revealed on April 4 that he had become the largest individual shareholder in Twitter with a 9% stake, shares in Tesla have tanked—making the deal seem increasingly unlikely. The bulk of Musk’s wealth is tied...
The Tesla board, Musk said, should grant him 25% voting control, an amount that would nearly double the vote share currently afforded to Musk through his stake in the company. The move would tie the company's fate even more closely to its high-profile leader, ensuring Tesla will developAI...
The Twitter-Musk drama began in March 2022 when an SEC filing disclosed that Musk had purchased a 9.2 percent stake in the microblogging platform, making him Twitter’s largest stakeholder. He declined a seat on Twitter’s board of directors soon after. Alternatively, he proposed buyin...
Musk v. OpenAI, California state court Musk is suing OpenAI and its Chief Executive Officer Sam Altman for allegedly putting profit ahead of humanity in violation of the startup’s founding mission. At stake: A win for Musk would have implications for OpenAI, which is in talks to raise fund...
Musk v. OpenAI, California state court Musk is suing OpenAI and its Chief Executive Officer Sam Altman for allegedly putting profit ahead of humanity in violation of the startup’s founding mission. At stake: A win for Musk would have implications for OpenAI, which is in talks to raise fund...
Elon Musk has offered to buy a 100% stake in Twitter to become the sole owner of the social media platform. The move came days after Musk picked up a 9.2% stake in Twitter. He is now the largest shareholder of the microblogging platform at over four times the stake than Twitter co-...