Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
Elon Musk Seeks Max. US$134B from OpenAI/ Microsoft
Recommend 1 Positive 2 Negative 1 |
||||
|
||||
|
Elon Musk filed documents with a US federal court last Friday (16th), seeking up to US$134 billion from AI startup OpenAI and its investor Microsoft (MSFT.US), and claiming that he is entitled to the unjust enrichment OpenAI gained from his early support, according to Reuters. In the documents, Musk stated that when he co-founded OpenAI in 2015, the Company gained between US$65.5 billion and US$109.4 billion from his investment, while Microsoft gained between US$13.3 billion and US$25.1 billion. Musk's legal representatives asserted that, without Musk, OpenAI would not exist, as he provided most of the seed funding, lent his personal reputation, and imparted all knowledge regarding business expansion. AASTOCKS Financial News Website: www.aastocks.com |
||||
Copied to Clipboard
 |
||||
