"Musk testified that he had discussed converting the company to a for-profit as early as 2016, and that in 2017, he had explored creating a for-profit arm of OpenAI where he would hold the majority of the equity and control the company."
"Musk insisted that there was a big difference between investors whose profits are capped and those whose profits are unlimited, highlighting the financial motivations behind OpenAI's transition."
Elon Musk testified in a California federal court, alleging that Sam Altman and his cofounders misled him into supporting OpenAI as a nonprofit. Musk claimed they later prioritized profit, undermining the original mission. He admitted Tesla is not pursuing artificial general intelligence, contradicting a previous tweet. Musk's testimony revealed he had considered transitioning OpenAI to for-profit as early as 2016. The case hinges on jurors' perceptions of profit limitations for investors in OpenAI, with Musk emphasizing the distinction between capped and unlimited profits.
Read at TechCrunch
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