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Musk says he was ‘a fool’ to fund the launch of OpenAI

Musk on the stand: 'I was a fool to fund OpenAI's launch.' Day 2 of testimony reveals the inside story of how Altman allegedly weaponized non-profit status.

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The KeyNews take

Why it matters

High-stakes courtroom testimony from Musk exposes the founding dynamics of OpenAI and his view of Altman's strategic positioning. This is a rare, on-record critique from a co-founder that challenges the public narrative around OpenAI's origins and governance model.

The key facts

4 to know
  1. Musk testimony: called himself 'a fool' for funding OpenAI launch

  2. Allegation: Altman leveraged non-profit 'halo effect' while pursuing personal enrichment

  3. Source: Financial Times (Apr 29, 2026) — appears to be courtroom testimony (likely Musk v. OpenAI litigation)

  4. Second day of testimony indicates ongoing legal proceedings

Go to the source

Financial Times Technologyft.com

Publisher excerpt: Billionaire says Sam Altman wanted ‘halo effect’ of a non-profit while enriching himself in second day of his testimony
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