"Ilya Sutskever, the former chief scientist of OpenAI who now runs Safe Superintelligence Inc., disclosed during testimony in the Musk-OpenAI litigation on Monday that his ownership stake in OpenAI is worth approximately $7bn, Reuters and other outlets reported."
"The disclosure makes Sutskever one of the largest individual shareholders in OpenAI, alongside Sam Altman and a small number of early backers. Sutskever was a co-founder of OpenAI and one of the company's most cited researchers before leaving in May 2024 amid the boardroom dispute that briefly removed Altman as CEO."
"Sutskever's testimony came as part of Elon Musk's ongoing lawsuit against OpenAI. The case challenges OpenAI's transition from a non-profit research entity to a capped-profit-and-commercial structure and asks the court to revisit the corporate-governance arrangements that underpinned that change."
"Sutskever's own current venture, Safe Superintelligence , reached a $32bn valuation in its most recent round, having raised more than $3bn to date with no product disclosed to the public. The company is focused, as its name implies, on building safe superintelligence, with a research-only operating model under Sutskever's direction."
Ilya Sutskever, co-founder and former chief scientist of OpenAI, testified under oath that his ownership stake in OpenAI is worth approximately $7bn. The disclosure places him among the largest individual shareholders in OpenAI, alongside Sam Altman and a small number of early backers. His testimony occurred during Elon Musk’s lawsuit challenging OpenAI’s shift from a non-profit research structure to a capped-profit and commercial structure, and seeking review of the governance arrangements behind that change. Sutskever was called due to his co-founder role and board presence during the contested period. Safe Superintelligence, his current venture, reached a $32bn valuation after raising more than $3bn, with no public product disclosed.
Read at TNW | Openai
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