Business · Wired
Greg Brockman Defends $30B OpenAI Stake: ‘Blood, Sweat, and Tears’
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Two days before the Musk v. Altman trial began, Elon Musk asked OpenAI cofounder and president Greg Brockman about reaching a settlement.
Key facts
- Brockman revealed that his equity stake at OpenAI is currently worth more than $20 billion, and perhaps up to $30 billion
- Why not donate that $29 billion to the OpenAI nonprofit
- OpenAI’s foundation holds a stake of over $150 billion in the company, making it one of the richest nonprofits in history, Brockman said
- Of course, Brockman’s stake in OpenAI could be worth much more than $30 billion if the company successfully goes public in the next two years
Summary
Two days before the Musk v. The message —which OpenAI’s lawyers made public on Sunday, and which Judge Yvonne Gonzalez Rogers subsequently refused to let the jury hear about—underscores what may be Musk’s larger goal in this trial. As Brockman took the stand on Monday, Musk’s attorney Steven Molo quickly started questioning him about his compensation at OpenAI. Brockman has held several instrumental roles at OpenAI since he cofounded the company in 2015. In court on Monday, Molo tried to make the case that Brockman and Altman had looted OpenAI’s original nonprofit, which Musk funded and helped create.