Key Highlights
- Elon Musk said in court that most cryptocurrencies are scams during the ongoing OpenAI lawsuit in Oakland.
- The comment came up while discussing OpenAI’s early idea of raising funds through an ICO, a crypto-based fundraising method.
- Musk’s statement adds to the wider dispute with OpenAI over its mission shift and reflects his changing views on crypto over time.
Following the ongoing court case between AI firm OpenAI and Elon Musk, the tech billionaire said in court that most cryptocurrencies are scams.Â
The statement came up when he was asked about crypto in connection with OpenAI’s early idea of using an Initial Coin Offering (ICO) to raise money. Musk replied that “some of them have merit,…
