OpenAI President Greg Brockman says he owns nearly $30 billion in the AI startup after investing $0
Brockman gave a testimony at the trial between Sam Altman and Elon Musk.
Greg Brockman, co-founder and president of artificial intelligence powerhouse OpenAI, has confirmed that he owns nearly $30 billion in shares of the company, despite the fact that he didn’t invest any of his own money into it.
Greg Brockman gave a testimony during the ongoing trial between Elon Musk and Sam Altman, in which he disclosed details about his stake in OpenAI. As reported by Bloomberg, Brockman confirmed that his shares in OpenAI are valued at more than $20 billion. When asked if the total value of his shares was closer to $30 billion, he responded, “Yes.”
Source: GQ
However, Brockman went on to confirm that he did not invest any of his own money into OpenAI as a startup. This would seemingly imply that Brockman was granted OpenAI shares at some point since the company’s founding.
In the ongoing trial, Elon Musk, who co-founded OpenAI, is seeking to have both Greg Brockman and Sam Altman removed from their roles at the company as he believes they turned OpenAI into a for-profit business after his initial investment in the company as a non-profit. The defendants claim that Musk is only seeking legal action because OpenAI is a competitor of Musk’s xAI.
Shacknews staff does not use generative artificial intelligence (AI) in their content. Shacknews strictly prohibits the use of its content for AI training or to generate text, including text in the style or format used for this publication. Shacknews reserves all rights to this work.
-
Shacknews
replyDonovan Erskine posted a new article, OpenAI President Greg Brockman says he owns nearly $30 billion in the AI startup after investing $0
