Stock Markets May 12, 2026 06:04 AM

Sam Altman Set to Testify in High-Stakes OpenAI Lawsuit as Trial Enters Third Week

CEO will appear on the witness stand amid claims by Elon Musk that OpenAI abandoned its nonprofit mission after his funding

By Sofia Navarro

OpenAI Chief Executive Officer Sam Altman is scheduled to testify on Tuesday and Wednesday in a California courtroom as Elon Musk’s lawsuit against the company moves into its third week. The case centers on Musk’s allegation that he was persuaded to provide $38 million to nonprofit OpenAI before it converted into a for-profit entity, while OpenAI contends Musk was aware of the change and sought control. Testimony to date has included criticisms of Altman’s honesty and scrutiny of leadership styles, and the verdict could shape OpenAI’s future and management at a time when the company has secured significant funding from major tech firms and other investors.

Sam Altman Set to Testify in High-Stakes OpenAI Lawsuit as Trial Enters Third Week

Key Points

  • Sam Altman will provide testimony on Tuesday and Wednesday as Elon Musk’s lawsuit against OpenAI continues in its third week - sectors impacted include technology and investor markets.
  • Musk alleges he was persuaded to donate $38 million to nonprofit OpenAI before the organization converted to a for-profit structure; OpenAI disputes that claim and says Musk sought control.
  • Multiple current and former OpenAI executives have testified, and the proceedings have examined personalities and leadership styles, with potential implications for OpenAI’s governance and capital markets expectations.

OpenAI Chief Executive Officer Sam Altman is slated to take the witness stand on Tuesday and continue on Wednesday, the California court overseeing Elon Musk’s lawsuit against the AI developer said. The case, now in its third week, centers on competing accounts of OpenAI’s transformation and the role played by its executives and early backers.

Musk’s lawsuit asserts that Altman and others persuaded him to contribute $38 million to nonprofit OpenAI, only for the organization to later abandon its charitable purpose and become a for-profit enterprise. OpenAI has countered that Musk was aware of plans to create a for-profit vehicle and that his motivations included securing greater control.

The trial has drawn attention across Silicon Valley and beyond, with witness testimony frequently touching on the personalities and leadership approaches of Altman and Musk. On Monday, former OpenAI chief scientist Ilya Sutskever testified that he spent about a year compiling materials for the company’s board alleging a "consistent pattern of lying" by Altman, according to testimony reported in court.

Several other current and former OpenAI executives have already provided testimony. Among them were President Greg Brockman, former OpenAI technology chief Mira Murati and former board member Shivon Zilis, who is also noted in court filings as the mother of four of Musk’s children. Those witnesses have contributed to the record about internal discussions and governance at the company.

Musk, who is seeking the removal of Altman and Brockman from their positions, has testified that OpenAI was his idea and that his financial support was "specifically meant to be for a charity." He told the court that, while he was aware of early conversations about creating a for-profit entity, Altman reassured him that OpenAI would remain a nonprofit, testimony shows.

The outcome of the trial may determine the future leadership and corporate direction of OpenAI at a time when the company has secured hundreds of billions of dollars from large technology firms and other investors to expand computing capacity in advance of a potential trillion-dollar initial public offering.

Embedded within coverage of the case has been promotional material asking about investment opportunities in 2026 and noting a data-driven product that claims to combine institutional-grade data with AI-powered insights to help identify potential investments. That material framed a question about the best investments so far in 2026 and suggested consulting an AI-driven advisory tool, while noting no guarantees of success.

Risks

  • Uncertainty over the trial’s outcome could affect leadership stability at OpenAI, which in turn may influence investor sentiment in technology and AI sectors.
  • If the court orders leadership changes or other remedies, it could disrupt OpenAI’s operational direction as it expands computing capacity ahead of potential public-market plans, affecting investors and partner companies.

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