Elon Mails

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Re: Weekly Update

Elon Musk to Jared Birchall, July 9, 2016

Replying to his family-office head's weekly update, Musk confirms the $5 million quarterly commitment and asks for OpenAI's documents.

Exhibit18
From
Elon Musk
Sent
Saturday, July 9, 2016
To
Jared Birchall
Subject
Re: Weekly Update
Did we pay the last OpenAI installment at beginning of quarter? If so, we should continue on that track. I committed to $5M per quarter. It's fine to take the actions necessary for that support. Just need to know in advance if anything is going to generate press. Please ask for (ideally electronic) copies of everything at OpenAI, including all offer letters plus anything else and lmk if there is anything concerning. Who is responsible for administrative work there? I have had very little bandwidth to think about the company and am a little worried that it is being managed as an extension of YCombinator. The YC stock as comp for many who joined obviously incents them in that direction. Does everyone have YC stock? That would be weird. When exactly does the building become available and the rent start? I would like to use part of the building for Neuralink at some point, so no YC stuff.
EMX-000050

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.