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HomeTechnologyElon Musk Never Donated OpenAI $500 Million $15 Million Traced

Elon Musk Never Donated OpenAI $500 Million $15 Million Traced

Whereas tech billionaire Elon Musk, who can be the co-founder of OpenAI, the lab behind viral synthetic intelligence (AI) chatbot ChatGPT overtly expressed his disagreement with OpenAI since shifting from its board in 2018, a brand new report has claimed that solely round $15 million of donations can really be traced again to the Tesla CEO. Musk additionally diminished his declare of $100 million donation to OpenAI, media reviews say.

“I’m nonetheless confused as to how a non-profit to which I donated ~$100M one way or the other turned a $30B market cap for-profit. If that is authorized, why doesn’t everybody do it?” Musk had tweeted in March.

He posted on Twitter once more: “I donated the primary $100M to OpenAI when it was a non-profit, however haven’t any possession or management.”

The Tesla and SpaceX CEO at all times claimed he donated $100 million to the ChatGPT developer, which is now backed by Microsoft. Again in 2018, Musk tried to take management of OpenAI, however Sam Altman and OpenAI’s different founders rejected his proposal. The outgoing Twitter CEO, in flip, walked away from OpenAI and reneged on a $1 billion deliberate donation, some reviews recommend.

In keeping with a CNBC interview, Musk surprisingly diminished his declare concerning the OpenAI donation, saying: “I am undecided the precise quantity but it surely’s some quantity on the order of $50 million.”

Nonetheless, as per a TechCrunch report, citing paperwork filed with the IRS and a state regulator, Musk couldn’t have given the corporate the $100 million he at all times claimed.

“In reality, whereas the supply of a lot of OpenAI’s funding stays unclear, filings comprise solely round $15 million of donations that may be traced definitively again to Musk,” the report stated on Wednesday.

It must be famous that Musk, the outgoing CEO of Twitter, not too long ago asserted that he performed a major position within the institution of OpenAI, a Microsoft-backed synthetic intelligence (AI) analysis lab. He claimed to have provide you with the title and assisted within the recruitment of key scientists and engineers for the group. Nonetheless, Microsoft CEO Satya Nadella strongly refuted Musk’s declare that Microsoft workouts management over OpenAI.




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