The truth is that we and Elon agreed in 2017 that a for-profit structure would be the next phase for OpenAI; negotiations ended when we refused to give him full control; we rejected his offer to merge OpenAI into Tesla; we tried to find another path to achieve the mission together; and then he quit OpenAI, encouraging us to find our own path to raising billions of dollars, without which he gave us a 0% chance of success.
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He said that he needed full control since he’d been burned by not having it in the past, and when we discussed succession he surprised us by talking about his children controlling AGI.