Tesla CEO Elon Musk claims that OpenAI disrupted his plans for an initial coin offering (ICO) in 2018, according to an amended court filing filed Nov. 14.
The filing states that OpenAI’s founders had a plan to fund the company. crypto para It turns out that they were thinking of starting it but faced opposition from Musk, who was a board member at the time.
The court filing states that OpenAI co-founders Sam Altman and Greg Brockman proposed an ICO to raise funds for the nonprofit in early 2018. Musk reportedly opposed the idea, stating that such a move would “lead to a huge loss of credibility for OpenAI and everyone associated with the ICO.”
At the time, OpenAI was a non-profit organization dedicated to developing safe artificial general intelligence (AGI). Musk’s legal team cited his long-standing concerns about the existential risks posed by advanced artificial intelligence systems, motivating his initial involvement in OpenAI as co-chairman of the board and a $44 million investment.
In 2019, OpenAI transitioned to a for-profit model, citing the need to attract significant capital to achieve its mission. Musk even proposed merging OpenAI with Tesla to overcome his financial difficulties, but this idea did not materialize. Musk left OpenAI’s board of directors in February 2018, citing disagreements over the company’s direction.
OpenAI will finally launch in 2023, five years after its abandoned ICO offering Worldcoin’i (WLD) launched its altcoin.
In August 2024, Musk sued OpenAI, its executives Sam Altman and Greg Brockman, and its key partner Microsoft. The lawsuit accuses them of fraud, unfair competition, and violating federal racketeering (RICO) laws. Microsoft, which invested $1 billion in OpenAI in 2019, was named as a defendant in the amended complaint.
OpenAI responded to Musk’s legal actions with a public statement, expressing its disappointment:
“We are sorry that it has come to this point with someone we deeply admire, someone who inspired us to aim higher, then told us we would fail, launched a competitor, and then sued us when we made meaningful progress toward OpenAI’s mission without him.”
After leaving OpenAI, Musk signaled his continued interest in developing advanced AI systems by founding his own AI startup, xAI, in 2023.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/elon-musk-6-sene-once-bu-altcoinin-piyasaya-cikmasini-engellemis-simdi-en-buyuklerden-biri/
