Musk Lawyers Grill OpenAI’s Brockman on $30B Valuation
Elon Musk’s legal team deposed OpenAI President Greg Brockman, pressing him on why he believes he is worth $30 billion, according to a report by The New York Times.
The questioning marks an escalation in the ongoing litigation between Musk and the artificial intelligence company he co-founded, as his attorneys probe the valuation underpinning OpenAI’s conversion from a nonprofit to a for-profit entity.
The deposition focused on Brockman’s personal stake in OpenAI, which has reached a reported valuation north of $300 billion in recent funding rounds. Musk’s lawsuit alleges that OpenAI’s leadership has enriched itself at the expense of the organization’s original charitable mission.
Musk filed suit against OpenAI in 2024, alleging the company abandoned its founding commitment to develop artificial intelligence for the benefit of humanity rather than shareholder profit. The case has drawn broad attention within the technology industry.
OpenAI has defended its restructuring as necessary to attract the capital required to pursue its mission of developing safe artificial general intelligence. The company has argued that its capped-profit model still limits investor returns relative to traditional corporations.
The litigation continues in federal court, with no trial date yet set.
