Musk vetoed OpenAI's cryptocurrency plan in 2018

According to ChainCatcher, as reported by The Block, a public court document submitted on November 14 reveals that Musk vetoed OpenAI's ICO plan in 2018.

The document shows that Musk and his legal team stated that in early 2018, OpenAI's two founders, Sam Altman and Greg Brockman, wanted to launch a token to help the company become profitable, but Musk believed it would only damage the credibility of OpenAI and everyone associated with the ICO.

OpenAI was originally a non-profit organization, and Musk joined OpenAI as co-chair of the board, investing $44 million in the startup. Musk even suggested merging OpenAI with Tesla to address the funding issues of the AI startup. However, Musk left OpenAI in February 2018 and founded his own AI company, xAI.