"Brockman confirmed that OpenAI, whose latest fundraising round valued the artificial intelligence company at $850 million, is exploring an initial public offering."
"Musk accused Brockman and OpenAI CEO Sam Altman of trying to 'steal a charity,' claiming they transformed OpenAI from a nonprofit into a for-profit enterprise."
"Brockman revealed a financial interest in Altman's family office, which Musk's attorneys used to suggest he was financially motivated to side with Altman over Musk."
Greg Brockman confirmed OpenAI's exploration of an IPO and revealed his stake in the company is worth nearly $30 billion. This valuation places him among the wealthiest individuals globally. During his testimony, he also disclosed a $471 million investment in Stripe and a stake in Corweave. Musk accused Brockman and CEO Sam Altman of transforming OpenAI from a nonprofit to a for-profit entity for personal gain. Brockman acknowledged a financial interest in Altman's family office, which Musk's attorneys suggested indicated bias in favor of Altman.
Read at www.businessinsider.com
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