Free NewsletterPro Login

Warning: Undefined variable $stocks in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 448

Warning: Undefined variable $funds in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472

Warning: foreach() argument must be of type array|object, null given in /var/www/briefs.co/htdocs/wp-content/plugins/oxygen/component-framework/components/classes/code-block.class.php(133) : eval()'d code on line 472
/* the link was here */

Sam Altman Just Testified In The Musk Trial. The Question Is Who Controls An $850 Billion AI Company

Published May 13, 2026
[tts_player]
Share:
Summary:
  • Altman spent about four hours on the stand in federal court in Oakland on Tuesday.
  • He told the jury OpenAI was "left for dead" by Musk in 2018, before raising tens of billions.
  • OpenAI's for-profit subsidiary is now valued at more than $850 billion by private investors.

When Sam Altman walked into federal court Tuesday, the case wasn't really about the roughly $38 million Elon Musk donated nearly a decade ago. It was about who has a claim on a company now worth close to a trillion dollars.

Musk sued Altman, OpenAI, and president Greg Brockman in 2024, arguing they broke their founding promise to keep the company a nonprofit. Altman's answer from the witness stand was simple: Musk walked away first.

The "Left For Dead" Version

Altman testified that OpenAI's co-founders spent late 2017 and 2018 fighting over how to fund their AI research, needing billions for computing power and debating several for-profit structures without ever reaching a clean agreement.

Musk left the board in February 2018, and Altman said employees worried about funding and feared Musk would seek "vengeance."

Others on staff treated the exit as a "morale boost," according to Altman. His blunt line about Musk: "I don't think Mr. Musk understood how to run a good research lab."

He pointed to a December 2018 email from Musk that put OpenAI's odds of mattering at "0%" without a dramatic change in resources. Altman said that line was "burned into my memory."

If you want a clean read on how the AI court fights affect the investments you actually own, Market Briefs delivers it every weekday in five minutes. Joining also gets you a free investing masterclass.

The Cross-Examination

Musk's lawyer Steven Molo tried to flip the script and paint Altman as unreliable, opening by asking whether Altman is "completely trustworthy."

"I believe so," Altman said.

"But you don't know whether you're completely trustworthy?"

"I'll just amend my answer to yes."

Molo also brought up Dario Amodei, who founded rival AI lab Anthropic after leaving OpenAI and has criticized Altman, before revisiting Altman's brief 2023 firing by the OpenAI board, which said at the time he had not been "consistently candid."

Altman testified he was "completely caught off guard" by the move. He also said Musk once offered him a Tesla board seat in exchange for merging OpenAI into Tesla, which he turned down because, in his view, a car company couldn't carry OpenAI's mission.

What To Watch

Closing arguments are slated for Thursday, and the nine-person jury is advisory - meaning the verdict guides but does not bind Judge Yvonne Gonzalez Rogers, who has the final call.

OpenAI's for-profit subsidiary is now worth more than $850 billion, so the trial won't change that number tomorrow. It will set how much control its earliest backer can still claim over what used to be a research charity.

If you want this kind of read on the market every morning, join Market Briefs. You also get a 45-minute investing course as a bonus.

Disclosure

Recent News

1 2 3 68

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

September 4, 2026
An Interest Rate Hike in 2026? The Fed Just Broke Its Own Script
  • The Federal Reserve spent a year signaling cheaper money, and its new chairman just warned that an interest rate hike may be coming instead.
  • The Fed is stuck between high inflation and a weak job market, and fixing one makes the other worse.
  • Higher rates also reprice roughly a third of America's $40 trillion national debt this year, which is why Washington wants cuts so badly.
Read More
September 3, 2026
5 Passive Income Ideas That Pay You Whether You Work or Not
  • School teaches one formula: work, earn, spend. Stop working and the money stops, so the wheel never ends.
  • Five assets pay you without your labor - dividends, rent, interest, royalties, and the things you already own.
  • $80,000 a year of cash flow takes about $1 million invested at 8%, or roughly 20 years of $1,000 a month.
Read More
September 2, 2026
The Best Way to Invest 10k: Three Options To Transform 10K into 10 Million
  • Passive investing in stocks or real estate targets around 10% a year, and time in the market matters more than the price you get in at.
  • Active investing means putting your time in alongside your money, which raises the target to roughly 20% a year and raises the risk of losing it all.
  • Investing in yourself has no ceiling, because a new skill can create a new income that no market return can match.
Read More
September 1, 2026
The Tax Write Offs the Rich Are Using in 2026 While the IRS Shrinks
  • The 2026 tax brackets landed lower than they were headed, and the standard deduction jumped from a planned $8,350 to $16,100 for single filers.
  • New write offs for overtime, tips, seniors and car loan interest are live now, and most of them are written to expire in 2028.
  • About a third of IRS auditors have been fired, and four assets do most of the work for people who want income without a matching tax bill.
Read More
August 31, 2026
America Is Running Out of Debt Buyers. Treasury Bills Are the Government's Fix
  • The government took in about $5 trillion in taxes in 2025 and spent about $7 trillion, and the national debt is now over $40 trillion.
  • Investors, banks, and foreign countries are all lending less to the U.S., so starting September 9 the government plans to sell more short-term treasury bills and use that cash to buy back its long-term debt.
  • Government interest rates set the floor for your mortgage, your car loan, and your credit card, and short-term Treasury ETFs like SGOV are one way investors are playing it.
Read More
August 23, 2026
How to Get the Most From Your Guideline 401k
  • Guideline is a company that provides low-cost 401k plans, popular with small businesses and their employees.
  • A "Guideline 401k" follows the same core rules as any 401k: tax-advantaged growth, contribution limits, and often an employer match.
  • The biggest results come from capturing the full match, choosing low-cost funds, and picking Roth or traditional to fit your situation.
Read More
August 23, 2026
Principal 401k: What to Know About Your Plan
  • Principal is one of many companies that manage workplace 401k plans, so a "Principal 401k" is simply a 401k where Principal is the provider.
  • The rules of a 401k are the same no matter who runs it: pre-tax or Roth contributions, tax-advantaged growth, and often an employer match.
  • The biggest wins come from grabbing the full match, picking low-cost funds, and knowing whether Roth or traditional fits you.
Read More
August 23, 2026
What a Tariff Dividend Means for Your Money
  • A "tariff dividend" is the idea of taking money the government collects from tariffs and paying some of it back to citizens.
  • To judge the idea, you first need to know what a tariff is: a tax on imported goods, usually paid by the companies bringing them in.
  • Tariffs ripple through prices, businesses, and your investments, so the smart move is understanding those ripples, not just the headline.
Read More
August 23, 2026
No Tax on Overtime: How Overtime Pay Is Taxed
  • "No tax on overtime" refers to a tax break that lets certain workers deduct some overtime pay, lowering the income they get taxed on.
  • A deduction does not mean overtime is truly tax-free. It means part of that pay is subtracted before your tax is figured.
  • The bigger money lesson: how you earn money changes how it is taxed, and investors often get the friendliest treatment of all.
Read More
August 23, 2026
Reading the Silver Price Forecast for 2026
  • Nobody can honestly promise a specific silver price for 2026. Any exact number is a guess, so treat forecasts as opinions, not facts.
  • Silver is unusual because it is both a precious metal and an industrial metal, so its price answers to two very different forces.
  • Instead of chasing a forecast, learn the drivers - inflation, interest rates, recession fear, and industrial demand - so you can judge any prediction yourself.
Read More
1 2 3 26
Share via
Copy link