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OpenAI President Greg Brockman testified in an Oakland federal court to defend the company's transition to a for-profit model against a lawsuit filed by Elon Musk. During the testimony, it was revealed that the OpenAI non-profit foundation holds a 27% stake in the for-profit entity, while Microsoft owns 26%. Brockman stated that the foundation’s equity stake is currently valued at $150 billion, highlighting the massive scale of the company's private valuation. These revelations follow earlier disclosures regarding Brockman’s personal $30 billion stake and his deep financial ties to CEO Sam Altman. The court proceedings provide unprecedented transparency into the ownership structure of the ChatGPT creator amid intensifying legal and regulatory scrutiny. While these valuation figures are historic, the immediate impact on public markets remains contained as the company is not yet publicly traded.
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