"Elon Musk has a new figure for the amount of money he says he contributed to OpenAI, believing it would remain a nonprofit. In recent court filings, Musk's lawyers said the Tesla CEO forked over $38 million to the ChatGPT maker over the years, making him one of the company's most significant early funders. Contributions included quarterly grants of $5 million each, $12.7 million in OpenAI's rent between 2016 and 2020, and four straight-out-of-the-factory Teslas to "key employees" to show "appreciation.""
"Lawyers for OpenAI have asked for the case to be dismissed, arguing that he made most of his contributions indirectly, including through donor-advised funds. Musk filed the latest documents in a bid to convince the judge to allow the case to go to trial, saying he made most of his contributions directly, including "five quarterly grants of $5 million each in 2016 and 2017.""
Elon Musk claims he contributed $38 million to OpenAI over several years while expecting the organization to remain a nonprofit. Contributions included five quarterly $5 million grants, $12.7 million covering OpenAI's rent from 2016 to 2020, and four new Teslas given to key employees as appreciation. Musk sued Sam Altman and OpenAI after the company completed a for-profit transition, alleging his donations were conditioned on nonprofit status. OpenAI's lawyers seek dismissal, arguing many contributions were made indirectly through donor-advised funds and that Musk sought a merger with Tesla.
Read at Business Insider
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