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Musk Stops OpenAI’s ICO Plan

In 2018, Elon Musk stopped OpenAI from launching its own cryptocurrency. He believed it would hurt the company’s credibility, according to court filings.

Profit Concerns
This happened after Musk was asked to support changing OpenAI from a nonprofit to a for-profit company, which he disagreed with. He said he wouldn’t continue funding the company unless it remained nonprofit.

Legal Drama Continues
Musk’s legal case against OpenAI is still ongoing. His lawyers claim that, after Musk rejected the ICO plan, Altman and Greg Brockman started discussing turning OpenAI into a for-profit company.


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Written by cryptojournalist

A journalist that loves crypto

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