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Elon Musk says OpenAI was his idea, before executives looted it

Musk says OpenAI’s leaders turned a charity into a profit-seeking business and seeks $150 billion in damages and nonprofit restoration.

  • On Tuesday, Elon Musk testified in federal court against OpenAI, accusing CEO Sam Altman and President Greg Brockman of betraying the nonprofit mission by creating a for-profit entity, seeking $134 billion in damages and executive removals.
  • Musk co-founded OpenAI as a nonprofit research lab in 2015, investing at least $38 million before leaving in 2018; the company created a for-profit subsidiary in 2019 to secure computing power and capital.
  • Defending OpenAI, lead attorney William Savitt argued the lawsuit stems from competitive spite, stating, "We're here because Mr. Musk didn't get his way at OpenAI," and claiming Musk sought control and a Tesla merger.
  • Judge Yvonne Gonzalez Rogers will decide by late May whether OpenAI must revert to nonprofit status, remove Altman and Brockman from leadership, or pay around $130 billion in damages to the nonprofit foundation.
  • A verdict for Musk could force OpenAI to unwind its for-profit conversion, threatening a planned IPO and compelling Microsoft and other investors to reassess regulatory risks across the rapidly expanding AI sector.
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'I literally was a fool': Musk grilled in OpenAI trial

Elon Musk faced fiery questioning Wednesday in his court showdown with OpenAI, as he insisted that the maker of ChatGPT had fooled him by turning what was an altruistic pursuit into a profit-making juggernaut.

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Benzinga broke the news in New York, United States on Tuesday, April 28, 2026.
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