Elizabeth Lopatto is a senior writer at The Verge, where she covers how the internet is changing how we think about money: cryptocurrency, business, fintech and Elon Musk for some reason. She joined the site in 2014, as science editor, then deputy editor running science, transportation and social media, before she got tired of being an authority figure and went back to blogging.
Jared Birchall, Musk’s money manager, answered a question he wasn’t supposed to.
After Birchall said he had no first-hand knowledge of the xAI bid for OpenAI’s assets, OpenAI’s lawyer asked that his testimony from the direct examination be struck. We are going to hear about that now, outside the presence of the jury.
He sees the OpenAI for-profit term sheet and writes to Shivon Zilis: “Pretty plain vanilla for-profit structure. So kinda hard to push a narrative that doesn’t involve investors being very focused on ROI. I’m a super fan of capitalism and making tons of money doing great things but not sure if this correlates with the ‘noble cause for humanity, not doing it to make money’ narrative. Did he/would he [Altman, lower on the email chain] offer E a board seat?”
We saw Chris Clark’s email about pausing donations yesterday during Musk’s testimony. Today, we see an email from Birchall: “This was ready to go out when I was told that Elon informed Greg and Ilya that the funding would be on pause until they came to terms on the right path moving forward.”
This was while there were discussions of how to put the for-profit Musk wanted together.
And we are talking with Birchall about tax deductions for charitable giving.
OpenAI and Musk’s counsel need to discuss something... Back in 15.
He was used, I think, to get financial documents into the record. We are now on the cross, and he is giving mercifully brief and direct answers.
There is a confirmation document from Chris Clark to Elon Musk showing the donation values. The donation was to OpenAI, as agreed in the stipulated facts, and in conflict to what Musk testified today.
I guess she isn’t into Birchall’s testimony about Musk’s charitable contributions?
Jared Birchall’s testimony will begin. Birchall runs Musk’s family office, Excession LLC, and generally serves as his fixer.
