Home / Business and Economy / Musk vs. OpenAI: $134B Lawsuit Unveiled
Musk vs. OpenAI: $134B Lawsuit Unveiled
17 Jan
Summary
- Musk seeks $79B-$134B from OpenAI and Microsoft.
- He claims a share of OpenAI's $500B valuation.
- Lawsuit alleges OpenAI violated its non-profit status.
Elon Musk's legal battle with OpenAI has revealed substantial financial claims, with a recent filing asserting he is owed between $79 billion and $134 billion. This figure represents alleged "wrongful gains" by OpenAI and Microsoft, stemming from Musk's belief that OpenAI has strayed from its original non-profit mission.
Musk argues he is entitled to a share of OpenAI's current $500 billion valuation, highlighting his initial $38 million in seed funding and crucial support in recruiting key personnel. Financial expert C. Paul Wazzan's calculations suggest OpenAI's wrongful gains fall between $65.5 billion and $109.43 billion, with Microsoft accruing an additional $13.3 billion to $25.06 billion.
The dispute formally began in March 2024, when Musk accused OpenAI of violating its non-profit status. The legal action later included Microsoft as a defendant, and Musk sought an injunction against OpenAI's corporate restructuring. Beyond this, Musk is involved in a separate case against OpenAI and Apple, alleging monopolistic practices affecting his company, xAI.
