Elon Musk Accuses Sam Altman of Misusing OpenAI Funds

Apr 28, 2026

56 min

Apr 28, 2026 04:30

Elon Musk explodes: Calls Sam Altman a 'scam' artist who 'looted' a charity for OpenAI billions

## Musk's Allegations Against Altman

Elon Musk has launched a legal battle against Sam Altman, CEO of OpenAI, accusing him of misappropriating funds from a nonprofit charity. Musk claims that Altman shifted OpenAI from its original nonprofit mission to a for-profit model, benefiting financially from investments, particularly from Microsoft.

## Legal Actions and Accusations

On April 26, 2026, Musk filed a lawsuit in San Francisco federal court, demanding that OpenAI return to its nonprofit roots. He alleges that Altman and co-founder Greg Brockman, whom Musk mockingly referred to as "Stockman," have betrayed the organization's founding principles.

## Altman's Response

Altman has dismissed Musk's claims as "incoherent" and "frivolous," pointing out that Musk left OpenAI's board in 2018 due to disagreements. Altman maintains that OpenAI's transition to a capped-profit entity was necessary for its growth and sustainability.

## Background and Implications

The dispute between Musk and Altman dates back to 2018, when Musk resigned from OpenAI's board. The current lawsuit highlights ongoing debates about AI governance and the ethical implications of profit-driven models in the tech industry. A court hearing is scheduled for May 15.

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