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May 5, 2026
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Greg Brockman Defends $30B OpenAI Stake: ‘Blood, Sweat, and Tears’


Two days earlier than the Musk v. Altman trial started, Elon Musk requested OpenAI cofounder and president Greg Brockman about reaching a settlement. When Brockman prompt each side drop their claims, Musk responded, “By the tip of this week, you and Sam (Altman) would be the most hated males in America. Should you insist, so be it.”

The message—which OpenAI’s attorneys made public on Sunday, and which Decide Yvonne Gonzalez Rogers subsequently refused to let the jury hear about—underscores what could also be Musk’s bigger aim on this trial. He seems to be attempting to not solely win over the jurors to probably take away Brockman and CEO Sam Altman from energy, but additionally fire up grime on the 2 males and damage OpenAI’s public image.

As Brockman took the stand on Monday, Musk’s lawyer Steven Molo rapidly began questioning him about his compensation at OpenAI. Brockman revealed that his fairness stake at OpenAI is at present value greater than $20 billion, and maybe as much as $30 billion. Whereas Brockman initially promised to donate $100,000 to OpenAI when it was being arrange, he stated he in the end by no means adopted by means of.

Brockman has held a variety of instrumental roles at OpenAI since he cofounded the corporate in 2015. Within the startup’s early days, it operated out of his house within the Mission District of San Francisco. At this time, he’s deeply concerned with refocusing OpenAI on a few key productssimilar to Codex. Prior to now 12 months, Brockman has additionally given millions to tremendous PACs selling AI and President Trump, and has previously said this elevated political spending is said to OpenAI’s founding mission to create synthetic common intelligence that advantages all of humanity.

In courtroom on Monday, Molo tried to make the case that Brockman and Altman had primarily looted OpenAI’s unique nonprofit, which Musk funded and helped create.

In its early days, OpenAI instructed buyers and workers that its nonprofit mission took priority over producing revenue. Brockman testified that his monetary pursuits are nonetheless, to this present day, second to OpenAI’s nonprofit mission.

When OpenAI created its for-profit arm in 2019, which obtained property from the nonprofit, Brockman testified that he was given a big stake within the new entity. Early in OpenAI’s historical past, Brockman had referenced eager to be a billionaire, writing in his private journal, “Financially what’s going to take me to $1B?”

On Monday, Molo pressed Brockman for a number of minutes concerning the huge wealth he had accrued past his preliminary aim.

“Why not donate that $29 billion to the OpenAI nonprofit? Why didn’t you do this?” Molo requested. Brockman responded that he and others had poured “blood, sweat, and tears” into constructing OpenAI within the years since Musk left the corporate.

OpenAI’s basis holds a stake of over $150 billion within the firm, making it one of many richest nonprofits in historical past, Brockman stated. That’s roughly 5 occasions Brockman’s possession curiosity. Altogether, OpenAI workers maintain about 25 p.c of shares. The muse has 27 p.c. Brockman testified that OpenAI’s nonprofit had obtained lower than $150 million from donors, implying Musk had been incidental to the corporate’s success and that the actual drivers have been those that caught round to construct out OpenAI.

After all, Brockman’s stake in OpenAI could possibly be value rather more than $30 billion if the corporate efficiently goes public within the subsequent two years. When requested whether or not OpenAI was exploring a possible IPO, Brockman stated he believes so.



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