Elon Musk’s $100 Million OpenAI Donation Claim Under Scrutiny, Only $15 Million Traced

Musk always claimed that he donated $100 million to the ChatGPT developer, which is now backed by Microsoft.

Musk always claimed that he donated $100 million to the ChatGPT developer, which is now backed by Microsoft.

After Elon Musk publicly downgraded his earlier claim of a $100 million donation to ChatGPT developer OpenAI to $50 million, another report has now revealed that only around $15 million of the donation actually went to the Tesla CEO. can get back.

After Elon Musk publicly downgraded his earlier claim of a $100 million donation to ChatGPT developer OpenAI to $50 million, another report has now revealed that only around $15 million of the donation actually went to the Tesla CEO. can get back.

Musk tried to take control of OpenAI in early 2018 but Sam Altman and other founders of OpenAI rejected Musk’s offer.

The outgoing Twitter CEO, in turn, has reportedly walked out of the company and refocused on the planned $1 billion donation, according to reports.

Musk always claimed that he donated $100 million to the ChatGPT developer, which is now backed by Microsoft.

“I’m still confused how the non-profit I donated $100 million to somehow became a $30 billion market cap for-profit. If it’s legal, why isn’t everyone else?” does?” 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 had no ownership or control of it.”

In a CNBC interview on Tuesday, Musk surprisingly downplayed his claim regarding the OpenAI donation, saying: “I’m not sure of the exact number, but it’s some number 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, revealed that Musk may not have given the company the $100 million he always claimed.

“Indeed, while the source of most of OpenAI’s funding is unclear, the filing only includes donations of about $15 million, which can certainly be traced back to Musk,” the report said Wednesday.

Musk’s attorney did not respond to the report.

In 2016, the Musk Foundation donated $10 million to YC.org, another non-profit organization associated with Altman.

In return YC.org donated $10 million to OpenAI.

That $10 million donation is the first publicly announced cash contribution from Musk to OpenAI.

YC later gave another $16 million to OpenAI in 2017, of which at least $5 million was likely to go to Musk, according to the report.

Microsoft later invested nearly $1 billion in OpenAI.

(This story has not been edited by News18 staff and is published from a syndicated news agency feed – IANS,