Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • A 125cc Ducati naked motorcycle concept
    • Stockholm’s Pit exits stealth with €13.6 million a16z-led funding to offer “AI product teams as a service”
    • Using AI for Just 10 Minutes Might Make You Lazy and Dumb, Study Shows
    • Today’s NYT Connections Is All-Symbols: Answers for May 6 Explained
    • Butterfly wings inspire earthquake-resistant building designs
    • Exclusive: Spain’s Humara raises €1.2 million to cut waste plant design cycles from months to days with AI SaaS
    • Trump’s Team Wants Him to Accept an Iran Deal He’s Already Rejected
    • Making Sense of AT&T’s Hiked Prices for Legacy Phone Plans
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, May 7
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»Technology»Greg Brockman Defends $30B OpenAI Stake: ‘Blood, Sweat, and Tears’
    Technology

    Greg Brockman Defends $30B OpenAI Stake: ‘Blood, Sweat, and Tears’

    Editor Times FeaturedBy Editor Times FeaturedMay 5, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    Two days earlier than the Musk v. Altman trial started, Elon Musk requested OpenAI cofounder and president Greg Brockman about reaching a settlement. When Brockman urged either side drop their claims, Musk responded, “By the top of this week, you and Sam [Altman] would be the most hated males in America. If you happen to insist, so be it.”

    The message—which OpenAI’s legal professionals made public on Sunday, and which Decide Yvonne Gonzalez Rogers subsequently refused to let the jury hear about—underscores what could also be Musk’s bigger objective on this trial. He seems to be attempting to not solely win over the jurors to probably take away Brockman and CEO Sam Altman from energy, but additionally fire up filth on the 2 males and damage OpenAI’s public image.

    As Brockman took the stand on Monday, Musk’s legal professional Steven Molo shortly began questioning him about his compensation at OpenAI. Brockman revealed that his fairness stake at OpenAI is presently price greater than $20 billion, and maybe as much as $30 billion. Whereas Brockman initially promised to donate $100,000 to OpenAI when it was being arrange, he mentioned he in the end by no means adopted via.

    Brockman has held various instrumental roles at OpenAI since he cofounded the corporate in 2015. Within the startup’s early days, it operated out of his condo within the Mission District of San Francisco. At this time, he’s deeply concerned with refocusing OpenAI on a few key products, akin to Codex. Previously 12 months, Brockman has additionally given millions to tremendous PACs selling AI and President Trump, and has previously said this elevated political spending is expounded to OpenAI’s founding mission to create synthetic common intelligence that advantages all of humanity.

    In court docket on Monday, Molo tried to make the case that Brockman and Altman had basically looted OpenAI’s authentic nonprofit, which Musk funded and helped create.

    In its early days, OpenAI informed buyers and staff that its nonprofit mission took priority over producing revenue. Brockman testified that his monetary pursuits are nonetheless, to at the present time, second to OpenAI’s nonprofit mission.

    When OpenAI created its for-profit arm in 2019, which obtained property from the nonprofit, Brockman testified that he was given a big stake within the new entity. Early in OpenAI’s historical past, Brockman had referenced eager to be a billionaire, writing in his private journal, “Financially what is going to take me to $1B?”

    On Monday, Molo pressed Brockman for a number of minutes in regards to the huge wealth he had collected past his preliminary objective.

    “Why not donate that $29 billion to the OpenAI nonprofit? Why didn’t you try this?” Molo requested. Brockman responded that he and others had poured “blood, sweat, and tears” into constructing OpenAI within the years since Musk left the corporate.

    OpenAI’s basis holds a stake of over $150 billion within the firm, making it one of many richest nonprofits in historical past, Brockman mentioned. That’s roughly 5 instances Brockman’s possession curiosity. Altogether, OpenAI staff maintain about 25 p.c of shares. The muse has 27 p.c. Brockman testified that OpenAI’s nonprofit had obtained lower than $150 million from donors, implying Musk had been incidental to the corporate’s success and that the actual drivers had been those that caught round to construct out OpenAI.

    After all, Brockman’s stake in OpenAI could possibly be price far more than $30 billion if the corporate efficiently goes public within the subsequent two years. When requested whether or not OpenAI was exploring a possible IPO, Brockman mentioned he believes so.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Using AI for Just 10 Minutes Might Make You Lazy and Dumb, Study Shows

    May 7, 2026

    Trump’s Team Wants Him to Accept an Iran Deal He’s Already Rejected

    May 7, 2026

    Elon Musk’s Last-Ditch Effort to Control OpenAI: Recruit Sam Altman to Tesla

    May 7, 2026

    A Kid With a Fake Mustache Tricked an Online Age-Verification Tool

    May 6, 2026

    Anthropic Gets in Bed With SpaceX as the AI Race Turns Weird

    May 6, 2026

    A Library Dedicated Solely to the Epstein Files Is Opening in New York

    May 6, 2026
    Leave A Reply Cancel Reply

    Editors Picks

    A 125cc Ducati naked motorcycle concept

    May 7, 2026

    Stockholm’s Pit exits stealth with €13.6 million a16z-led funding to offer “AI product teams as a service”

    May 7, 2026

    Using AI for Just 10 Minutes Might Make You Lazy and Dumb, Study Shows

    May 7, 2026

    Today’s NYT Connections Is All-Symbols: Answers for May 6 Explained

    May 7, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    What to Know About Sony’s $7.85 Million PlayStation Settlement

    May 4, 2026

    Save Almost 20 Percent On Our Favorite Portable Bluetooth Speaker

    March 16, 2026

    FDA approves first at home brain stimulation for depression

    January 5, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.