Ilya Sutskever’s $7 Billion Stake in OpenAI Revealed in Court
- Ilya Sutskever, co-founder of OpenAI, testified that his ownership stake is valued at approximately $7 billion.
- The testimony was part of Elon Musk’s lawsuit against OpenAI and Sam Altman, claiming a shift from nonprofit to profit-driven goals.
- Sutskever referenced a 2018 email praising Musk as “the strongest founder/CEO in the world.”
- OpenAI’s valuation now exceeds $100 billion, transitioning from a nonprofit to a profit model in 2019.
- Musk argues that the capped profit model was merely a facade for maximizing insider returns.
In court, Ilya Sutskever disclosed his $7 billion stake in OpenAI amid Elon Musk’s lawsuit alleging the company’s shift from its nonprofit roots to profit-focused objectives.
Source (3.2)https://cryptobriefing.com/sutskever-confirms-7b-openai-stake/?rand=59535
