Musk mulled handing OpenAI to his children, Altman testifies

techcrunch.com May 12, 2026

Musk mulled handing OpenAI to his children, Altman testifies

Curated by Shubham · TechCapsules · May 12, 2026

AI-summarised brief · reviewed before publication

OpenAI CEO Sam Altman testified in court against his former cofounder Elon Musk's lawsuit challenging the company's corporate structure. Altman defended OpenAI's for-profit subsidiary, stating it was created to market products based on the company's AI models, and disputed Musk's claim that the company's founders "stole a charity." Altman also described a pivotal moment when Musk suggested that OpenAI should pass to his children if he died, raising concerns about Musk's control over the company. Altman further testified that Musk's management tactics were ineffective for a research lab and damaged the company's culture.

💡 Why It Matters

· Musk's alleged desire to control OpenAI's for-profit subsidiary raises questions about his commitment to the company's safety and non-profit goals.
· The testimony highlights the tension between Musk's management style and the needs of a research lab, potentially shedding light on the motivations behind his departure from OpenAI's board.

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Elon Musk predicts Grok will start to challenge Hollywood by the end…

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💡 Hollywood's dominance may be challenged by AI-generated content, as Grok's capabilities raise questions about the future of cinematic authorship.

businesstoday.in · Jun 18

‘Hang in there, Elon’: Why Anand Mahindra’s 2018 message is going viral…

Industrialist Anand Mahindra has recalled a 2018 message he shared with Elon Musk, in which he encouraged the Tesla and SpaceX founder to "hang in there" amidst production challenges and doubts over his ambitious plans. Mahindra's message gained new relevance after Musk became the world's first trillionaire following SpaceX's record-breaking market debut. Mahindra reflected on Musk's resilience and ability to turn "tomorrow's impossibility into today's reality." Musk's net worth jumped to over $1 trillion after SpaceX's valuation increased to nearly $1.77 trillion.

💡 Mahindra's message highlights the long-term vision and resilience required to achieve groundbreaking success. By supporting Musk during a challenging phase, Mahindra underscores the importance of perseverance in the face of adversity, particularly for innovators and entrepreneurs pushing the boundaries of what is possible.

cnbc.com · Jun 18

Amazon AI exec predicts first ‘commercially useful’ quantum computers in 5-7 years

Amazon AI executive Peter DeSantis predicts the first commercially useful small-scale quantum computers will be available in five-to-seven years. DeSantis leads a new Amazon organization focused on AI models, chips, and quantum computing. Quantum computing proponents claim the technology will solve problems current computers cannot. DeSantis' prediction suggests significant advancements in the field. The technology is expected to grow similarly to semiconductor capabilities. Amazon's investment in quantum computing indicates a strong commitment to the technology's potential. DeSantis' statement highlights the progress being made in quantum computing research and development, with potential applications emerging soon.

💡 Quantum computers will unlock solutions to complex problems, revolutionizing industries that rely on complex calculations. Breakthroughs in fields like medicine and finance will be driven by quantum computing's ability to process vast amounts of data quickly.

businesstoday.in · Jun 17

Could AI make money irrelevant? Elon Musk says the answer may lie…

Elon Musk has suggested that conventional money may lose relevance in a future where artificial intelligence (AI) gains access to enormous amounts of energy and surpasses human intelligence. According to Musk, harnessing just 1 millionth of the Sun's power for AI systems would result in computational capabilities far beyond human capabilities. This feat would require the construction of an extensive industrial infrastructure beyond Earth, including manufacturing solar panels and radiators on the Moon and launching them into deep space using a "mass driver." Musk believes that access to raw materials and abundant energy could become more important than traditional measures of wealth in a future dominated by advanced AI and automation.

💡 Musk's prediction of a money-less future highlights the potential for a fundamental transformation in the global economy, where energy and computation become the primary drivers of economic productivity. The notion that traditional currencies could become obsolete underscores the need for governments and industries to rethink their approach to wealth and value in a world where AI capabilities are increasingly linked to energy resources.

cbnc.com · Jun 17

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💡 Nvidia's investment in AI infrastructure could create a new model for US manufacturing, one that combines cutting-edge technology with domestic production. Revitalizing US manufacturing would boost local economies and reduce reliance on foreign suppliers.

businesstoday.in · Jun 16

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💡 Awasthi's success underscores the potential for young innovators to drive technological advancements, particularly in AI. Her ability to identify and solve a real-world problem has earned her a spot among prominent tech entrepreneurs.