Legal documents show that entrepreneur and billionaire Elon Musk is seeking up to $134 billion in compensation from the artificial intelligence company OpenAI and Microsoft, claiming he is entitled to the “ill-gotten gains” they obtained from his early support of the AI company.
In the lawsuit filed in a federal court, Musk stated that OpenAI earned between $65.5 and $109.4 billion thanks to his contributions when he co-founded it in 2015, while Microsoft earned between $13.3 and $25.1 billion.
Tesla Shareholders Approve Compensation Package for Musk
On November 7 last year, Tesla shareholders, by a majority, approved a massive compensation package for its CEO, Elon Musk, which could reach a trillion dollars.
The compensation package, prepared to ensure Musk remains at the helm of the company while it seeks to develop advanced technology in the field of artificial intelligence and robotics, received support from more than 75% of shareholders, according to a statement made during the annual meeting.
OpenAI
OpenAI is an artificial intelligence research laboratory founded in 2015 in San Francisco, with the mission to ensure that artificial general intelligence benefits all of humanity. It is known for developing advanced AI models like GPT and DALL-E, and it transitioned from a non-profit to a “capped-profit” structure in 2019 to attract more capital for its ambitious research goals.
Microsoft
Microsoft is an American multinational technology corporation founded by Bill Gates and Paul Allen in 1975, which played a central role in the personal computer revolution with its MS-DOS and Windows operating systems. It has since grown into one of the world’s largest and most influential software companies, expanding into cloud computing, gaming, and productivity software.
Tesla
Tesla is an American electric vehicle and clean energy company founded in 2003 by engineers Martin Eberhard and Marc Tarpenning, though it is most famously led by CEO Elon Musk. The company is named after the inventor and electrical engineer Nikola Tesla and played a pivotal role in popularizing modern electric cars with models like the Roadster and Model S.
