Elon Mails

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cash

Sam Altman to Elon Musk, February 25, 2016

Altman asks Musk to raise his annual funding to $20 million for each of the next three years.

Exhibit55
From
Sam Altman
Sent
Thursday, February 25, 2016 6:13 PM
To
Elon Musk
Subject
cash
I think we're going to need more than I was originally budgeting given a) the salaries in the field and b) the speed at which you want to grow. Can you do $20MM a year for the each of the next 3 years? I can do $10MM/year, and we'll have brought $5MM a year from other donors. Sam
EMX-000039

The whole thread

  1. Feb 25, 2016 Sam Altman I think we're going to need more than I was originally budgeting given a) the salaries in the field and b)…
  2. Feb 25, 2016 Elon Musk Agreed Yes
  3. Feb 25, 2016 Elon Musk Ron, we need to wire $5M per quarter to OpenAI, starting April 1. This is a non-profit.
  4. Jul 9, 2016 Elon Musk Did we pay the last OpenAI installment at beginning of quarter? If so, we should continue on that track. I…
  5. Jul 10, 2016 Elon Musk So I haven't sent anything to OpenAI? That's a really big deal. My credibility is at stake here.