Close Menu
    Facebook LinkedIn YouTube Instagram X (Twitter)
    Blue Tech Wave Media
    Facebook LinkedIn YouTube Instagram X (Twitter)
    • Home
    • Leadership Alliance
    • Exclusives
    • Internet Governance
      • Regulation
      • Governance Bodies
      • Emerging Tech
    • IT Infrastructure
      • Networking
      • Cloud
      • Data Centres
    • Company Stories
      • Profiles
      • Startups
      • Tech Titans
      • Partner Content
    • Others
      • Fintech
        • Blockchain
        • Payments
        • Regulation
      • Tech Trends
        • AI
        • AR/VR
        • IoT
      • Video / Podcast
    Blue Tech Wave Media
    Home » OpenAI: Musk’s investment and influence have been small
    Elon Musk OpenAI
    Elon Musk OpenAI
    AI

    OpenAI: Musk’s investment and influence have been small

    By Sylvia ShenMarch 6, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email
    • OpenAI announced its intention to refute every claim made by Elon Musk in a recent lawsuit.
    • Despite Elon Musk’s initial commitment of up to $1 billion, OpenAI revealed that it has raised under $45 million from him, and suggested his influence on the company’s growth and profitability was minimal.
    • OpenAI also allege he once suggested OpenAI could be attached to Tesla as its ‘cash cow’.

    The most valuable AI firm, OpenAI, announced on Wednesday that it plans to reject every assertion made by Elon Musk in a recent lawsuit.

    OpenAI discloses funding gap from Elon Musk

    OpenAI further implied that Musk, a co-founder of the company, didn’t actually have that much of an influence on the growth and profitability of the business.

    OpenAI, a startup backed by Microsoft and established in 2015, disclosed in a blog post authored by Wojciech Zaremba, Greg Brockman, Ilya Sutskever, John Schulman, Sam Altman, and the OpenAI team, that it has raised under $45 million from Elon Musk, despite his initial commitment of up to $1 billion.

    According to the blog, it has received more than $90 million from additional contributors to support research.

    Also read: Elon Musk sues OpenAI over alleged mission drift towards profit

    OpenAI counters Musk’s lawsuit

    OpenAI’s response follows Musk’s lawsuit against Altman, Brockman, OpenAI, and other business affiliates last week, which claimed that the ChatGPT manufacturer had broken its initial contract by prioritising money over the nonprofit’s primary goal of creating AI to benefit humanity.

    Musk said that OpenAI was established as a counterbalance to Google.

    In its blog post today, OpenAI stated that it acknowledges the immense computing resources needed to develop artificial general intelligence (AGI), which refers to an AI system with an intellect comparable to or surpassing that of humans. Furthermore, the organisation recognised that annual expenditures for this program would amount to billions of dollars.

    This blog made it clear that switching to a for-profit organisation was necessary to get the necessary capital and resources.

    Also read: OpenAI and Microsoft face lawsuits over AI copyright infringement

    OpenAI shared five emails between Musk and the co-founders of the company on its blog, providing further details.

    According to OpenAI, “In early February 2018, Elon forwarded us an email suggesting that OpenAI should ‘attach to Tesla as its cash cow’, commenting that it was ‘exactly right… Tesla is the only path that could even hope to hold a candle to Google.”

    OpenAI responded to Musk’s accusation of deviating from open-source principles by highlighting that Musk had been informed of and consented to the transition.

    Elon Musk Greg Brockman Ilya Sutskever John Schulman OpenAi Sam altman Wojciech Zaremba
    Sylvia Shen

    Sylvia Shen is an editorial assistant at Blue Tech Wave specialising in Fintech and Blockchain. She graduated from the University of California, Davis. Send tips to s.shen@btw.media.

    Related Posts

    CoreWeave acquires Core Scientific in $9bn AI infrastructure deal

    July 9, 2025

    OpenAI tightens security amid DeepSeek ‘copy’ allegations

    July 9, 2025

    Comcast moves more data with less energy used

    July 9, 2025
    Add A Comment
    Leave A Reply Cancel Reply

    CATEGORIES
    Archives
    • July 2025
    • June 2025
    • May 2025
    • April 2025
    • March 2025
    • February 2025
    • January 2025
    • December 2024
    • November 2024
    • October 2024
    • September 2024
    • August 2024
    • July 2024
    • June 2024
    • May 2024
    • April 2024
    • March 2024
    • February 2024
    • January 2024
    • December 2023
    • November 2023
    • October 2023
    • September 2023
    • August 2023
    • July 2023

    Blue Tech Wave (BTW.Media) is a future-facing tech media brand delivering sharp insights, trendspotting, and bold storytelling across digital, social, and video. We translate complexity into clarity—so you’re always ahead of the curve.

    BTW
    • About BTW
    • Contact Us
    • Join Our Team
    TERMS
    • Privacy Policy
    • Cookie Policy
    • Terms of Use
    Facebook X (Twitter) Instagram YouTube LinkedIn

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