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Elon Musk called out OpenAI CEO Sam Altman on X on February 25 for his past claim of having no equity in OpenAI. Elon Musk and Sam Altman cofounded OpenAI in 2015 with other founders. Elon Musk decided to leave OpenAI’s board in 2018 as his company, Tesla, was also getting involved in AI, especially for self-driving cars.
Later, he suggested taking full control of OpenAI to compete with other companies. However, the board refused, leading to Musk leaving the company completely.
On May 16, 2023, Sam Altman’s testimony before the U.S. Senate Judiciary Subcommittee was held to discuss regulations and safeguards for artificial intelligence. In the testimony, when asked, do you make a lot of money, Sam Altman replied:
"I've paid enough for health insurance. I've no equity in OpenAI. I'm doing it because I love it."
Elon Musk retweeted the same video of Sam Altman's testimony on X on February 25, calling him "Scam Altman."
Elon Musk takes another jab at Sam Altman on X
Elon Musk uploaded a new tweet on X on February 25, showing Sam Altman's 'no equity in the OpenAI' statement. The caption of the tweet said:
"Scam Altman"
This is not the first time that Elon Musk has called out Sam Altman. In early February, Elon Musk and a group of investors officially offered around $97 billion to buy OpenAI. The offer was soon rejected by the CEO of OpenAI, Sam Altman, who also uploaded a tweet on X with the caption:
"no thank you but we will buy twitter for $9.74 billion if you want"
This was a jab at Musk, mocking his ownership of Twitter and rejecting his OpenAI buyout offer with sarcasm. Elon Musk left a comment on Sam Altman's post that said:
"Swindler"
After Sam Altman's post and Elon Musk's comment, Musk also uploaded the same tweet, which he uploaded on February 25, with the same caption.
According to Musk, Sam Altman is lying about not having equity in OpenAI and only working out of passion, but he is now benefiting financially from the company.
Elon Musk also founded X.AI Corp., an artificial company to compete with OpenAI. Musk has also filed multiple lawsuits against OpenAI, calling the company profit-driven under its partnership with Microsoft, considering OpenAI was considered non-profit and now runs on a capped profit model.
The net worth of Sam Altman is $1.2 billion as of February 2025. He is also an investor in Retro Biosciences, Airbnb, and Stripe. However, there's no legal proof that he holds any direct equity in OpenAI.
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