Musk v. Altman trial begins with $150B at stake over OpenAI's nonprofit-to-profit conversion
Airfind news item
By Cristian Dina
Published on April 26, 2026.
Jury selection begins in the federal trial of Elon Musk v. Altman, over whether OpenAI’s nonprofit-to-profit conversion constitutes unjust enrichment and breach of charitable trust. The trial will determine if OpenAI's conversion from a nonprofit to one of the most valuable companies in the world was a breach of trust. Musk, who co-founded OpenAI in 2015 and donated at least $38 million to it, is suing Altman and OpenAI for $150 billion in damages and the unwinding of the conversion. The most damaging evidence is Greg Brockman's 2017 diary entry calling the nonprofit commitment "a lie". Judge Yvonne Gonzalez Rogers found "ample evidence" and rejected nearly every dismissal attempt by the defendants. OpenAI has called the lawsuit "baseless" and described it as a "harassment campaign driven by ego, jealousy and a desire to slow down a competitor".
Read Original Article