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OpenAI Secures $38.

Recently funded · $38.0M GrantTechnology, Information and MediaUSView source

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Elon Musk has provided a $38.0M grant to OpenAI, the artificial intelligence research and deployment company dedicated to ensuring general-purpose AI benefits all of humanity. The funding reinforces OpenAI's unique approach, which prioritizes safety and human needs at the core of AI development, placing this alignment of interests ahead of profit.

OpenAI's mission centers on the belief that AI can solve immense global challenges, and it aims for the upside of this powerful technology to be widely shared. The organization also emphasizes diversity, equity, and inclusion as crucial to encompassing the full spectrum of human perspectives in its work.

From the source

On · Apr 30, 2026

Field Notes from the Markets | Week 11 "Musk vs Altman"Elon Musk told a jury last week that he gave OpenAI $38 million of essentially free funding. They used it to build what is now approaching an $800 billion company. He got nothing.The Musk vs. Altman trial is being covered as a billionaire feud.

From an IR and capital formation perspective it is more instructive than that. It is evidence in what happens when the structure of a capital formation vehicle diverges from the story being told to the people funding it.In my fifteen years building and managing institutional relationships across some of the largest capital pools in the world. The question I keep coming back to watching this trial

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