Altman Testifies About ‘Hair-Raising’ AI Safety Chat With Musk

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• Musk was unwilling to sign a contract limiting his control to the early days of the for-profit entity despite claiming that was all he wanted

  60% confidence

• Altman does not currently have a direct equity stake in OpenAI

  60% confidence

• Altman felt frustrated that co-founders' time and effort contributions to launching OpenAI were not reflected in Musk's equity split proposals

  60% confidence

• Altman contributed $3.75 million to the nonprofit when it first started, and then gave a multiple of that in equity interests to early employees

  60% confidence

• Musk gave OpenAI roughly $38 million in the form of quarterly donations and rent payments, far less than his initial $1 billion pledge

  60% confidence

• When co-founders asked Musk what would happen to his control upon his death, Musk said he had not thought about it much but might pass it to his children

  60% confidence

• Altman was extremely uncomfortable with Musk's insistence on having complete control over the proposed for-profit subsidiary

  60% confidence

• Musk began losing confidence in Altman and Brockman during the 2017 negotiations and believed his equity should reflect his status as the biggest financial backer

  60% confidence

• Musk accused Altman and Brockman of seeking to enrich themselves by abandoning the nonprofit's altruistic mission and converting it into a for-profit company with billions in Microsoft investment

  60% confidence

Data points we hold from this source