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Home Technology

OpenAI President Reveals $30 Billion Stake in Company

4 May 2026
in Technology
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OpenAI president Greg Brockman testified on the fifth day of Elon Musk’s lawsuit against the AI company, revealing that his stake in OpenAI is valued at nearly $30 billion, despite not having made a personal financial investment. The presiding judge, Yvonne Gonzalez Rogers, rejected a pretrial text in which Musk allegedly warned Brockman that he and CEO Sam Altman would become “the most hated men in America.” Brockman also admitted he promised to donate $100,000 to OpenAI’s charity but has not done so, attributing the delay to Altman not providing a timeline. The day began with testimony from Stuart Russell, an AI expert from UC Berkeley, who disclosed he received $5,000 per hour for 40 hours of preparatory work, significantly higher than standard rates for expert witnesses.

Why It Matters

This trial highlights the ongoing legal and ethical debates surrounding AI development and corporate governance. Elon Musk, one of the co-founders of OpenAI, has expressed concerns over the organization’s direction, claiming it has strayed from its original non-profit mission aimed at countering tech giants like Google. The substantial financial stakes involved, as evidenced by Brockman’s valuation, underscore the growing economic power of AI companies and the implications for their leadership and accountability. Furthermore, the rejection of Musk’s text as evidence reflects the complexities of legal proceedings in high-profile cases, particularly involving influential figures in the tech industry.

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Tags: BillioncompanyOpenAIpresidentrevealsstake
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