"Musk stated, 'Microsoft would only put $10 billion into something if they feel like they will get a return,' emphasizing his frustration over the investment."
"Musk expressed concern that Microsoft would effectively control AGI, which was 'started by a charity,' indicating a conflict of interest."
"He described the investment as a 'bait-and-switch,' reflecting his belief that it deviated from OpenAI's original nonprofit mission."
"Musk noted that he did not file lawsuits in 2019 because he understood the situation as one with a capped profit."
Elon Musk testified in a civil trial regarding OpenAI's transition from a nonprofit to a for-profit entity. He criticized Microsoft's $10 billion investment, labeling it a 'bait-and-switch' and expressing concern that Microsoft would control artificial general intelligence (AGI) with motivations differing from those of a charity. Musk highlighted that Microsoft’s substantial investment indicated a desire for significant returns. He previously left OpenAI in 2018, believing Microsoft had agreed to a capped profit model, and later filed a lawsuit against OpenAI and its executives.
Read at www.businessinsider.com
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