Elon Musk Vetoed OpenAI's Token Issuance Plan in 2018
According to The Block, a public court document filed on November 14 revealed that Elon Musk vetoed OpenAI's ICO plan in 2018.
The document shows that Musk and his legal team stated that in early 2018, OpenAI's two founders, Sam Altman and Greg Brockman, wanted to launch a token to help the company profit. However, Musk believed at the time that this would only severely damage the credibility of OpenAI and everyone involved with the ICO.
OpenAI was initially a non-profit organization, and Musk joined OpenAI as a co-chairman of the board, investing $44 million in the startup. Musk even suggested merging OpenAI with Tesla to solve the funding issues of this AI startup. However, Musk left OpenAI in February 2018 and founded his own AI company, xAI.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Why Is Tether Bringing USDT Back to Bitcoin Now? Morgan Stanley Offers a Clue
Swiss Franc: Dovish SNB keeps CHF under pressure against US Dollar – ING
Japan Central Bank inflation indicators accelerate, providing grounds for further interest rate hikes
An indicator used by the Bank of Japan to measure underlying inflation accelerated last month, significantly exceeding its target level, providing further justification for continuing to raise the benchmark interest rate.
Hut 8 Wins $140M Bid For Poolin’s Texas Data Centers
Crypto prices
More
