Elon Musk is gunning for a massive payday, claiming he's owed anywhere from $79 billion to $134 billion in damages from OpenAI and Microsoft. The billionaire entrepreneur alleges that his contributions of $38 million in seed funding during the AI company's early years entitle him to a chunk of its recent $500 billion valuation.
Musk has been making a case for this payout, stating that he not only invested money but also provided valuable advice on key employee recruitment, introductions with business contacts, and startup guidance. This wasn't just about throwing money at the company; it was a strategic partnership.
The lawsuit dates back to March 2024, but Musk's demands haven't changed. He believes he deserves a significant share of OpenAI's valuation, considering his role in shaping the company's early years. However, the exact amount he's claiming varies widely, ranging from $79 billion to an astonishing $134 billion.
It's worth noting that this is not the first time Musk has taken on Microsoft and OpenAI over their business dealings. The saga highlights the complexities of partnerships between tech giants and the risks involved when major investors become embroiled in high-stakes disputes.
Musk has been making a case for this payout, stating that he not only invested money but also provided valuable advice on key employee recruitment, introductions with business contacts, and startup guidance. This wasn't just about throwing money at the company; it was a strategic partnership.
The lawsuit dates back to March 2024, but Musk's demands haven't changed. He believes he deserves a significant share of OpenAI's valuation, considering his role in shaping the company's early years. However, the exact amount he's claiming varies widely, ranging from $79 billion to an astonishing $134 billion.
It's worth noting that this is not the first time Musk has taken on Microsoft and OpenAI over their business dealings. The saga highlights the complexities of partnerships between tech giants and the risks involved when major investors become embroiled in high-stakes disputes.