In a lawsuit, the Tesla founder, the world’s richest individual, has attacked OpenAI, the AI company he himself was involved in in the early years.
He claims that the AI company has broken an agreement that technological innovations in OpenAi should be made available to the public.
Musk co-founded Open AI in 2015, and claims this was the management team’s plan. The plan is now broken because Microsoft has bought in, claims Musk.
Microsoft, which competes with Apple to be the world’s most valuable company, has injected over 13 billion dollars into OpenAI and today owns 49 percent of the AI company.
Musk believes that Open AI has thereby departed from the plan to be open software, and instead has become a pure subsidiary of Microsoft.
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– Wanted to have all the control
But Open AI is hitting back. In a blog cited in Financial Times the AI company’s other founders write that Elon Musk himself also wanted Open Ai to become fully commercial.
There was only one condition – he had to own at least half of the company himself, and thus have full control.
Not only that – he also advocated raising a billion dollars, ten times what OpenAI itself proposed, claim the founders of a blog post published on Tuesday night.
OpenAI founders Sam Altman, Greg Brockman and Ilya Sutskever write that Musk was actually the one who was most eager to raise billions for the company:
“When OpenAi was established in late 2015, Greg and Sam initially planned to raise $100 million. But in an email, Elon wrote: “We have to go for a much higher figure than $100 million … I think we should say that we start with an investment commitment of one billion dollars.”
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Furthermore, they write:
“OpenAI’s original non-profit structure prevented the ability to raise money from traditional investors. Due to the high cost of building AI tools, this became a barrier to realizing the ambition of developing sophisticated artificial intelligence “for the good of humanity”.
At the end of 2017, the decision was made to establish a commercial, “for profit” structure. Elon Musk was on the notes, and made demands, the founders write in the blog:
“Elon wanted the majority of ownership, control of the board and the role of CEO. In the midst of these discussions, he withheld his own funding. We did not agree on the terms of a commercial company model with Elon. We felt that it was contrary to the vision for the company that an individual should be given full control of OpenAI.”
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– Wanted OpenAi into Tesla
Musk then proposed merging OpenAI with Tesla. It happened in February 2018, the OpenAI founders write:
“Elon sent us an email in which he suggested that OpenAI could be ‘hooked on Tesla as a money machine.’
OpenAI has since become a locomotive in the AI sector, with over two billion dollars in annual revenue. The KI company should now have a market value of around 80 billion dollars, around 800 billion kroner, writes the Financial Times.
At the same time, there has been a lot of chaos in the management and Sam Altman, who was fired first, was brought back in in November 2023. Musk left OpenAi in 2018 and has long since started his own AI project, xAI.
2024-03-06 21:53:04
#Strikes #Elon #Musk #wanted #full #control
