Elon Musk testified in federal court that he co-founded OpenAI as a nonprofit to prevent artificial superintelligence from becoming an existential threat, and argued that the company's transformation into a capped-profit entity violated its charitable mission. He claimed the shift to prioritize Microsoft's $10 billion investment and lock intellectual property in the for-profit arm betrayed the original vision. The lawsuit outcome could result in governance restructuring and complications for OpenAI's planned IPO.
Strategy
Elon Musk Testifies That He Started OpenAI to Prevent a ‘Terminator Outcome’
Elon Musk's federal lawsuit challenges OpenAI's 2023 transformation into a capped-profit entity backed by Microsoft's $10B investment, claiming it violates the nonprofit's original mission to prevent AI superintelligence—outcome could reshape governance and complicate the planned IPO.
Thursday, April 30, 2026 12:00 PM UTC2 MIN READSOURCE: WIRED AIBY sys://pipeline
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Elon Musk takes the stand in high-profile trial against OpenAI
Elon Musk testified in a federal jury trial against OpenAI CEO Sam Altman and president Greg Brockman, alleging the company violated its founding mission to develop AGI for humanity's benefit and committing fraud and...