Musk wants up to $134B in OpenAI lawsuit, despite $700B fortune
Elon Musk wants a jaw-dropping $79 billion to $134 billion in damages from OpenAI and Microsoft, claiming the AI company defrauded him by jettisoning its nonprofit mission, Bloomberg first reported. The figure comes from expert witness C. Paul Wazzan, a financial economist whose bio says he has been deposed nearly 100 times and testified at trial more than a dozen times in complex commercial litigation cases. Wazzan, who specializes in valuation and damages calculations in high-stakes disputes, determined that Musk is entitled to a hefty portion of OpenAI’s current $500 billion valuation based on his $38 million seed donation when he co-founded the startup in 2015. (If you’re wondering, that would mean a 3,500-fold return on Musk’s investment.) Wazzan’s analysis…
