# Elon Musk says he was a "fool" for providing funding to OpenAI.

*genai · news · 2026-04-29 · CBS News*

## Key points

- Elon Musk testified he gave $38 million to OpenAI expecting it to remain a nonprofit.
- Musk's lawsuit claims OpenAI leaders broke a founding agreement by prioritizing profit over nonprofit goals.
- OpenAI denies promising perpetual nonprofit status and says Musk's suit aims to advantage his xAI venture.
- Musk sought initial majority control of OpenAI's board, expecting future dilution of his stake.
- If Musk wins, the case could remove Sam Altman from OpenAI's board and disrupt an IPO.

**Companies:** Tesla, SpaceX, OpenAI
**Countries:** United States

[Read the full story on CBS News](https://www.cbsnews.com/news/elon-musk-sam-altman-openai-trial-oakland/)

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