The untold truth behind Elon Musk’s exit from OpenAI
The untold truth behind Elon Musk’s exit from OpenAI
Description
Elon Musk was financially misled when his non-profit investment into OpenAI became a private business
Transcript
hands on the emails. The Elon resending, you know, it's a family of the founders of open AI and when you scratch below the surface they finessed him you know. Yeah, yeah, yeah. They really did, because what exactly as you said what was happening is he invested in them as a for for public benefit, yeah. Non-equity, giving them cash to go and create AI for, well, in his words, humanitarian good. Really, of course the idea was for it to become huge and globally significant, but ultimately it was not-for-profit. Yeah. And you see the emails and you say, guys, I'm hearing a lot of rumblings that you guys are talking to private investors about going, you know, you know, turning into a for-profit business. Um at the moment it's looking like I'm just handing you guys cash to go and turn it into a equity, cash-generative business. If I keep doing this I'm just a fool. And it is it is exact words. And so you fast forward a couple of years and we know exactly what's happened, right? That is how it played out. They turned into a for-profit company, they're about to go on IPO, it's gonna be private, it's it's not open source, it's it is you know he he to an extent, he's got a point, you know. He does have a point.

