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Elon Musk files lawsuit demanding replacement of OpenAI leadership
Global billionaire Elon Musk has amended his lawsuit against OpenAI, the developer of the AI chatbot ChatGPT, seeking to have any compensation he might win awarded to the company’s charitable organization under its umbrella, rather than to himself; and also seeking to remove OpenAI CEO Sam Altman and have him removed from the board.
In the court filing he submitted, Musk said that the purpose of his lawsuit is to “undo OpenAI’s transition to for-profit status and its restructuring.” He said that this would include removing Altman and the president Greg Brockman from their leadership positions. He also asked the court to order the company to restore its status as a nonprofit research organization.
The lawsuit is expected to be heard in Oakland, California later this month. Musk also said in the filing that if he prevails, any compensation he receives should be allocated to the charitable affiliate of the startup.
Musk is seeking more than $150 billion in damages from OpenAI and its partner and investor Microsoft. He believes OpenAI attempted to transition into a for-profit company, which deviated from its nonprofit mission, and that it deceived him, the donor.
In response to a social media post, OpenAI said that Musk’s lawsuit is “still nothing more than a harassment effort driven by ego, jealousy, and the intent to slow down a competitor.”
In 2015, Altman and Musk were both co-chairs of OpenAI’s founding team, when OpenAI was formed as a nonprofit organization committed to ensuring that AI benefits humanity. In 2019, after Musk left the company and Altman became CEO, OpenAI set up a for-profit subsidiary, using it as a tool to raise funds from Microsoft and other investors.
After that, Altman converted the for-profit subsidiary into a public-benefit corporation. This shift gave OpenAI’s nonprofit parent company shares in the for-profit company, and the ability to increase its holdings as the company’s value grows. The new startup is currently valued at $852 billion and plans to go public later this year.