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Greg Brockman disclosed in court on Monday, May 4, that his OpenAI stake is worth nearly $30 billion, according to Japan Today's AP report. Reuters, via CNA, separately reported that the testimony also surfaced previously lesser-known financial ties between Brockman and OpenAI CEO Sam Altman as Elon Musk's lawsuit against the company continued in Oakland, California.
Key developments
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Brockman, OpenAI's president and co-founder, said under questioning that his stake in the ChatGPT maker is worth close to $30 billion. AP reported that he also said he did not personally invest money in OpenAI.
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The testimony came in a civil trial focused on OpenAI's evolution from a nonprofit founded in 2015, with Musk among its original backers, into a much more highly valued AI company. AP reported that OpenAI is now valued at $852 billion.
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Musk's lawsuit alleges that Altman and Brockman moved OpenAI away from its founding charitable mission and toward profit. Reuters reported that Musk is seeking leadership changes at OpenAI and $150 billion in damages. OpenAI has argued that Musk is motivated by control of the company and by competition with his own AI venture.
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Reuters also reported that Brockman disclosed financial ties linked to Altman, including a stake in Altman's family office and holdings in startups backed by Altman. Musk's legal team has used those details to question Brockman's independence.
What to watch
The next important updates are likely to come from further courtroom testimony and rulings on what evidence Judge Yvonne Gonzalez Rogers allows into the trial record. AP reported that the judge did not admit a text exchange described in a court filing, in which Musk allegedly contacted Brockman shortly before trial about a possible settlement.
The case remains focused on governance, compensation and OpenAI's legal structure. For now, the $30 billion disclosure is confirmed testimony, while the broader claims about OpenAI's motives and alleged misconduct remain contested allegations in court.
Sources
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