Elon Musk v OpenAI, Court Filing, retrieved on April 30, 2024, is part of HackerNoon’s Legal PDF Series. You can jump to any part of this filing here. This part is 7 of 29.
D. Defendants Seek to Convert OpenAI, Inc. For Profit
83. In 2017-2018, Altman and Brockman moved to recast the nonprofit as a moneymaking endeavor to bring in shareholders, sell equity, and raise capital. Brockman and others suggested the move to Musk, who briefly toyed with the idea of using Tesla as OpenAI, Inc.’s “cash cow” to solve the nonprofit’s cash-flow concerns while keeping it in good hands and maintaining its mission.
84. After some back and forth, Musk wrote to Altman and Brockman: “Either go do something on your own or continue with OpenAI as a non-profit. I will no longer fund OpenAI until you have made a firm commitment to stay or I’m just being a fool who is essentially providing free funding to a start-up. Discussions are over.”
85. Altman tried to play the whole thing off, reassuring Musk: “[I] remain enthusiastic about the non-profit structure!” with Brockman soon following suit. But we now know that was a lie. Indeed, Altman wanted to convert the non-profit to a for-profit entity all along, but was only interested in doing so with Altman at the helm and in a way that most profited him.
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