“Elon Musk's lawyer detailed the compensation claim in documents filed Friday, a day after a federal judge rejected OpenAI and Microsoft's final bid to avoid a jury trial scheduled for late April in Oakland, California,” Bloomberg reports.
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Elon Musk wants a fortune from OpenAI and Microsoft
The agency indicates that Elon Musk wants OpenAI Inc. and Microsoft paid him compensation ranging from $79 to $134 billion. The letter refers to the calculations of a court expert in the field of financial economics, C. Paul Wazzan, who stated that Musk is entitled to part of OpenAI's current valuation of $500 billion. after he was defrauded of $38 million. “seed capital” he gave to OpenAI when he helped found the company in 2015.
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“Just as an early investor in a startup can achieve profits many orders of magnitude greater than the investor's initial investment, the unfair profits that OpenAI and Microsoft have made — and which Mr. Musk is now entitled to receive — are much greater than Mr. Musk's initial contributions” wrote Elon Musk's lawyer, Steven Molo.
Bloomberg recalls that Elon Musk left the OpenAI board in 2018, founded his own artificial intelligence company in 2023 and entered a legal battle with Sam Altman in 2024 over the OpenAI co-founder and CEO's plans to run the company as a for-profit enterprise.
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OpenAI responds to Elon Musk's allegations
OpenAI and Microsoft have denied his accusations.
“Musk's lawsuit remains baseless and is part of his ongoing pattern of harassment. We look forward to demonstrating this in the trial,” OpenAI said in a statement.
Microsoft declined to comment.
