2 articles

#self-dealing

Musk v. OpenAI Day 1: Brockman's Undisclosed Cerebras Stake in Sworn Testimony

Musk v. OpenAI Day 1: Sworn testimony confirms Brockman held undisclosed Cerebras equity while OpenAI committed $20B+ to the company — California law classifies this as self-dealing under 501(c)(3) rules.

May 5, 20261 min read

Courtroom witness stand under harsh spotlight with financial valuation chart overlay and an unsigned disclosure document

IndustryNotable

OpenAI Co-Founders Held Undisclosed Cerebras Equity, Trial Reveals

Brockman confirmed under oath that he held undisclosed Cerebras equity while OpenAI committed $20B+ to the firm. California law calls this self-dealing.

May 5, 20262 min read

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