OpenAI explodes the original plan of 2018 'ICO launch coin'! But rejected by Musk for one reason.

In his latest complaint against OpenAI on Thursday, Musk broke the news that OpenAI founder and CEO Sam Altman had planned to launch a cryptocurrency ICO in early 2018 to help the company make a profit, but Musk, who was co-chairman of the board at the time, vetoed it. (Synopsis: OpenAI publicly chokes Musk: AGI can benefit mankind, but "does not mean Open Source") (Background supplement: Musk told OpenAI, Sam Altman: become a Microsoft money printing machine, deviating from the purpose of the non-profit Open Source) TSL CEO Elon Musk (Elon Musk) filed the latest amendment complaint to OpenAI on the 14th, revealing the two founders of OpenAI, Sam Altman, the current CEO, and Greg Brockman, the president, had hoped to issue OpenAI's cryptocurrency in early 2018 to help the company profit through an ICO (First Tokenissuance) fundraising. OpenAI had planned an ICO launch coin, but Musk vetoed the plan However, the plan was sternly rejected by Musk, who was the co-chairman of the company's board of directors. According to TechCrunch, Musk and his team of lawyers attached Altman's January 2018 email to Musk as evidence in the latest complaint, in which Musk wrote: "Please note that I spoke to some security teams and there are many concerns about ICOs and possible unintended impacts in the future." Altman told the ICO plan: "I want to emphasize the need for confidentiality, but I think it's important that we have support and give people the opportunity to get involved early." In the end, Musk vetoed OpenAI's ICO plan, "I have considered the ICO method, but I will not support it." "In my opinion, this will only lead to a significant loss of credibility for OpenAI and everyone involved in ICOs." Source: TechCrunch Musk tells Microsoft Musk is one of the original founders of OpenAI and invested $44 million in the startup. The company was originally founded as a non-profit organization to research and develop artificial intelligence for the benefit of all mankind, but Musk left the company in 2018 due to disagreements with the company's direction. Musk filed a lawsuit against OpenAI and Sam Altman in San Francisco Superior Court in late February, accusing them of violating the company's nonprofit protocol when it was founded, and claiming that the company had become a closed-source subsidiary of Microsoft to maximize profits rather than develop artificial general intelligence (AGI) for human welfare. The lawsuit was briefly dropped in July, but Musk reopened it in August, alleging fraud, violations of the federal RICO Act (Organized Crime Control Act), unfair competition and other charges. New defendants are named in the amended complaint filed on November 14: including Microsoft, LinkedIn co-founder Reid Hoffman, and former OpenAI board member and Microsoft vice president Dee Templeton. It also adds new plaintiffs: Shivon Zilis, CEO of Musk's brain-computer interface company Neuralink and former OpenAI board member (she's also Musk's mother of three), and Musk's AI company xAI. In addition, California Attorney General Rob Bonta was also included in the list of defendants in the case, and it was reported earlier this month that OpenAI was negotiating with Bonta's office to change its corporate structure, and people familiar with the matter broke the news to Bloomberg that OpenAI is considering transforming into a for-profit company and may issue a 7% stake to Sam Altman for the first time. One of the options under discussion is to become a B Corp. Read more: Bloomberg: OpenAI is in discussions with regulators to transform for-profit companies, valuation and Microsoft equity allocation are key Musk accuses OpenAI of monopolizing the AI market Musk's latest complaint also claims that OpenAI accounts for about 70% of the generative AI market, which "constitutes a monopoly", or at least attempts to monopolize the market. Musk's lawyers argue that OpenAI is now actively trying to eliminate competing products like xAI by "demanding promises from investors not to fund their competitors." In addition, the company unfairly benefited from Microsoft's infrastructure and expertise, constituting a "de facto merger." "xAI has been compromised by the inability to obtain computing resources from Microsoft on the same favorable terms as OpenAI, and the exclusive exchange of competitively sensitive information between OpenAI and Microsoft is involved." Related reports OpenAI denounces Musk for being insidious: if you don't get it, you want to destroy it! Want to take the opportunity to steal patented technology and comprehensively counterattack Musk! OpenAI showed off the letter 8 years ago to fight back, Musk choked: changed its name to ClosedAI, only to withdraw the complaint Dissatisfied with OpenAI's plan to transform into a for-profit enterprise? Soul figure technology chief and 2 important researchers left at the same time OpenAI completed new financing, valuation soared to 157 billion magnesium, Microsoft. Huida. SoftBank participates, but subject to one condition "OpenAI Explosion 2018 original plan "ICO launch coin"! But Musk vetoed this article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".