Musk all the time claimed he donated $100 million to the ChatGPT developer, now backed by Microsoft.
After Elon Musk publicly decreased his earlier declare of $100 million donation to ChatGPT developer OpenAI to $50 million, one other report has now revealed that solely round $15 million of donations can truly be traced again to the Tesla CEO.
After Elon Musk publicly decreased his earlier declare of $100 million donation to ChatGPT developer OpenAI to $50 million, one other report has now revealed that solely round $15 million of donations can truly be traced again to the Tesla CEO.
Musk tried to take management of OpenAI in early 2018 however Sam Altman and OpenAI’s different founders rejected Musk’s proposal.
The outgoing Twitter CEO, in flip, walked away from the corporate and reneged on a $1 billion deliberate donation, in response to experiences.
Musk all the time claimed he donated $100 million to the ChatGPT developer, now backed by Microsoft.
“I’m nonetheless confused as to how a non-profit to which I donated $100 million in some way turned a $30 billion market cap for-profit. If that is authorized, why doesn’t everybody do it?” he tweeted in mid-March.
A week later he posted again: “I donated the first $100 million to OpenAI when it was a non-profit, but have no ownership or control.”
In an CNBC interview on Tuesday, Musk surprisingly decreased his declare concerning the OpenAI donation, saying: “I’m unsure the precise quantity however it’s some quantity on the order of $50 million.”
However, a TechCrunch investigation into the funding behind OpenAI, citing documents filed with the IRS and a state regulator, has revealed that Musk could not have given the company the $100 million he always claimed.
“In fact, while the source of much of OpenAI’s funding remains unclear, filings contain only around $15 million of donations that can be traced definitively back to Musk,” the report mentioned on Wednesday.
Musk’s lawyer didn’t reply to the report.
In 2016, the Musk Foundation made a $10 million donation to yet one more non-profit related to Altman, known as YC.org.
YC.org, in flip, made a $10 million donation to OpenAI.
That $10 million donation stays the one publicly disclosed money contribution from Musk to OpenAI.
YC subsequently gave OpenAI one other $16 million in 2017, of which at the least $5 million was possible Musk’s, in response to the report.
Microsoft later invested round $1 billion in OpenAI.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed – IANS)
