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Musk Warns Looting Charity Would Undermine US Philanthropy While Pursuing $150B OpenAI Damages

Elon Musk testified that looting charities would destroy US philanthropy while seeking $150 billion from OpenAI and Microsoft to fund its nonprofit arm.

Alex Mercer/3 min/US

Senior Tech Correspondent

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According to a US Securities and Exchange Commission (SEC) filing, Elon Musk made the donation between November 19 and 29, 2021—handing over 5 million Tesla shares valued around $5.7 billion at the time (US Securities and Exchange Commission)

Source: NewsOriginal source

Elon Musk told a federal court that permitting charities to be looted would erode the basis of U.S. philanthropy, while he pursues $150 billion in damages from OpenAI and Microsoft to be directed to OpenAI’s charitable arm.

Context Musk took the stand in a high‑stakes trial over OpenAI’s future, alleging that co‑founder Sam Altman and president Greg Brockman betrayed the original nonprofit mission by turning the organization into a profit‑seeking juggernaut. He claims the shift violated a charitable trust and seeks damages, leadership changes, and a return to nonprofit status.

Key Facts Musk warned that "if we make it OK to loot a charity, the entire foundation of charitable giving in America will be destroyed." He is seeking $150 billion in damages from OpenAI and Microsoft, with any proceeds directed to OpenAI’s charitable arm. Before departing the board, he contributed roughly $38 million to OpenAI’s original mission, only to see the group launch a for‑profit entity just over a year later.

What It Means The lawsuit highlights tensions between altruistic AI goals and commercial incentives, potentially influencing how tech nonprofits structure funding and governance. A ruling against OpenAI could set a precedent for charitable asset protection in the sector.

What to watch next Future trial testimony from Altman, Brockman, and Microsoft’s Satya Nadella, as well as any settlement talks that could reshape OpenAI’s ownership and its charitable commitments.

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