Musk: Why Elon Musk’s $100 million donation declare to ChatGPT maker OpenAI could also be unsuitable – Occasions of India

Elon Musk, in mid-March, tweeted that he donated round $100 million to ChatGPT-maker OpenAI and that after a non-profit, the corporate grew to become “a $30B market cap for-profit” agency. His tweet was an assault on the then startup through which Microsoft infused billions for utilizing the generative synthetic intelligence (AI) capabilities within the chatbot. A brand new report has now claimed that Musk by no means donated $100 million to OpenAI and solely $15 million could be traced.
Citing paperwork filed with the IRS and a state regulator, a report by TechCrunch stated that Musk couldn’t have given the non-profit the $100 million he initially 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 claimed.

The report stated that in 2016, the Musk Basis made a $10 million donation to a non-profit related to present CEO Sam Altman, known as YC.org. YC.org, in flip, made a $10 million donation to OpenAI – which stays the one publicly disclosed money contribution from Musk to OpenAI.

YC additionally gave OpenAI $16 million in 2017, of which at the least $5 million was doubtless Musk’s, the report stated.
Musk lately claimed he donated $50 million
Musk, in an CNBC interview this week, stated that he donated $50 million — precisely half of which he claimed earlier than – to OpenAI. When requested how a lot he had donated to OpenAI, Musk replied: “I’m not sure the exact number but it’s some number on the order of $50 million.”

Musk’s OpenAI connection
Musk was beforehand related to OpenAI and tried to take management of the startup in early 2018. Nonetheless, Altman and OpenAI’s different founders rejected Musk’s proposal. Musk then walked away from the corporate and has been claiming that he donated $100 million.

“I donated the first $100 million to OpenAI when it was a non-profit, but have no ownership or control,” he stated in certainly one of his tweets.