On May 5, 2026, OpenAI President Greg Brockman admitted in court that he holds shares worth nearly $30 billion in OpenAI's for-profit division without having invested any capital, while early funder Elon Musk, who donated over $38 million, received no shares. Additionally, Brockman and Altman privately hold stakes in AI chip company Cerebras and facilitated a massive deal between OpenAI and Cerebras, leading to a surge in Cerebras' valuation. Musk accused them of unjust enrichment and conflicts of interest, while OpenAI countered that transitioning to a for-profit structure was a necessary move. The trial focuses on whether OpenAI breached its contractual obligations in the non-profit to for-profit transition.
