Elon Musk tells court he was a "fool" for funding OpenAI
Elon Musk testified in a California court that he was a "fool" for funding OpenAI, claiming the company abandoned its nonprofit mission in favor of profit. He alleged that OpenAI leaders, including Sam Altman, broke their founding agreement, while OpenAI's lawyers argued there was no promise to remain nonprofit indefinitely. The outcome of the trial could impact OpenAI's governance, IPO plans, and the broader AI industry landscape.
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MoneyWatch Elon Musk tells court he was a "fool" for funding OpenAI .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } Updated on: April 29, 2026 / 6:37 PM EDT / CBS/AP Add CBS News on Google Elon Musk told a court on Wednesday that he was a "fool" for providing funding to launch ChatGPT maker OpenAI.Testifying in a case he brought against OpenAI, the billionaire founder of Tesla and SpaceX said he continued to finance OpenAI after receiving assurances from OpenAI CEO Sam Altman that the company would remain a nonprofit. However, Musk said he began to have doubts about the company's direction and said he later felt betrayed.
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