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Fortune
Fortune
Steve Mollman

Elon Musk fumes over OpenAI becoming ‘$30B market cap for-profit’ after his $100M donation

OpenAI Elon Musk Google Microsoft Tesla Inc.
(Credit: Yasin Ozturk/Anadolu Agency via Getty Images)

Elon Musk can’t stand what’s happened with OpenAI—and he’s sounding off about it.

Tesla’s CEO financially backed the maker of the artificial intelligence chatbot ChatGPT when it was founded in 2015. At the time, OpenAI was a nonprofit. Today, OpenAI—which switched to a hybrid “capped profit” model in 2019—has a private valuation of about $30 billion and Microsoft as a major investor.

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