Greg Brockman Values OpenAI Stake at Nearly $30B Amid Lawsuit

OpenAI President Greg Brockman claims his stake in the company is worth nearly $30 billion, even though he never invested any personal funds. This statement comes during a lawsuit filed by Elon Musk, who argues that OpenAI misled him about its nonprofit status after he contributed $38 million in early funding. Musk believes the shift to a for-profit model benefits insiders and contradicts the company’s original mission. Brockman co-founded OpenAI in 2015 with Musk, Sam Altman, and other tech leaders, but Musk left the board in 2018. He now runs a rival AI company, xAI, linked to SpaceX. Altman has stated that he does not own equity in OpenAI. In October, OpenAI restructured, with a nonprofit foundation now holding a 26% stake, valued at around $200 billion. Both OpenAI and SpaceX are reportedly gearing up for potential IPOs later this year. This matters because it highlights the intense competition and financial stakes in the rapidly evolving AI industry.