Public statements from Elon Musk via social media, interviews, or official press releases

Elon Musk Blocked OpenAI's Proposed ICO in January 2018, Court Filings Reveal

Nov 15, 2024, 05:45 PM

Elon Musk blocked OpenAI's proposed initial coin offering (ICO) in January 2018, according to recent court filings. The proposal, initiated by Sam Altman and supported by Greg Brockman, aimed to create an OpenAI cryptocurrency to help the company generate profit. Musk, however, rejected the idea, believing it would be detrimental. Court documents reveal that Tesla CEO Elon Musk was concerned about the potential negative impact of the ICO.