Musk rejected OpenAI’s ICO plan in 2018

According to the modified court documents submitted on November 14, Musk claimed that he had vetoed OpenAI's initial coin offering (ICO) plan in 2018. Musk and his legal team stated that OpenAI's two co-founders, Sam Altman and Greg Brockman, had considered launching a token in early 2018 to help the company generate revenue. However, Musk said at the time that "this would only lead to a loss of credibility for OpenAI and everyone associated with the ICO." Musk then left OpenAI in February 2018 and eventually founded his own artificial intelligence company, xAI. Meanwhile, the Worldcoin project supported by Sam Altman launched its own cryptocurrency WLD in July 2023 (the official statement claims that OpenAI is not related to Worldcoin). BlockBeats previously reported that Musk sued OpenAI and its executives Altman and Brockman in August, accusing them of fraud, violation of the federal Racketeer Influenced and Corrupt Organizations Act, and unfair competition.