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Musk vetoed OpenAI's ICO plan in 2018
2024-11-16 00:09:27
Odaily News According to a public court document filed on November 14, Musk vetoed OpenAI's ICO plan in 2018. Musk and his legal team said that OpenAI's two founders, Sam Altman and Greg Brockman, wanted to launch tokens in early 2018 to help the company make a profit, but Musk said at the time that "this would only cause OpenAI and everyone associated with the ICO to lose credibility." OpenAI was originally a non-profit organization. Musk joined OpenAI as co-chairman of the board of directors and invested $44 million in the startup. Musk even suggested merging OpenAI with Tesla to solve the funding problems of the artificial intelligence startup. However, Musk left OpenAI in February 2018 and founded his own artificial intelligence company xAI.