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    OpenAI president discloses his stake in the company is worth $30B

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    OpenAI president Greg Brockman, center, arrives at the U.S. District Court in Oakland, Calif., Thursday, April 30, 2026. (AP Photo/Godofredo A. Vásquez)

    By Barbara Ortutay, Technology Writer

    OAKLAND, Calif. (AP) --

    Greg Brockman, OpenAI’s president and CEO Sam Altman’s top lieutenant, disclosed in court Monday that his stake in the artificial intelligence company is worth nearly $30 billion.

    Brockman, who also said he did not personally invest any money in OpenAI, was testifying Monday in the trial that centers on the company’s 2015 founding as a nonprofit startup primarily funded by Elon Musk before evolving into a capitalistic venture now valued at $852 billion.

    Brockman’s disclosure would put him on the Forbes list of the world’s richest people, with wealth comparable to Melinda French Gates.

    The civil lawsuit accuses Altman and Brockman of double-crossing Musk by straying from the San Francisco company’s founding mission to be an altruistic steward of a revolutionary technology. The lawsuit alleges they shifted into a moneymaking mode behind Musk’s back.

    Late Sunday, OpenAI lawyers tried to admit as evidence a text message Musk sent to Brockman two days before the trial began. According to a court filing — which did not include the actual text exchange — Musk sent a message to Brockman to gauge interest in settlement.

    When Brockman replied that both sides should drop their respective claims, Musk shot back, according to the filing, “By the end of this week, you and Sam will be the most hated men in America. If you insist, so it will be.”

    Judge Yvonne Gonzalez Rogers, who is overseeing the trial, did not admit the text exchange as evidence.

    News Categories:News Briefs
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    Tags:artificial intelligenceElon MuskGreg BrockmanOpenAISam Altman



    Ryan O’Hagan promoted to CEO of GUT Toronto

    Monday, May 4, 2026
    Ryan O'Hagan

    GUT Toronto has promoted Ryan O’Hagan from managing director to CEO. O’Hagan will continue reporting to global CEO Andrea Diquez as he steps into this new role.

    O’Hagan, who has led the office since its launch in 2021, has been instrumental in building GUT Toronto from a pandemic-era startup into one of Canada’s most respected and fastest-growing agencies. Under his leadership, the agency has expanded its client roster to include brands such as Tim Hortons, Mitsubishi, Mike’s Hard Lemonade, McCormick, and Stella Artois while delivering consistent year-over-year growth.

    GUT Toronto has experienced steady momentum, anchored by enduring partnerships including Tim Hortons, one of Canada’s most iconic brands. In 2025, the team earned a Bronze Lion in Music at Cannes for “The Last Timbit,” underscoring its commitment to culturally resonant, creatively ambitious work. The partnership reflects the impact of sustained brand building rooted in insight and execution, as evidenced by Tim Hortons’ return to the top 10 Ipsos Most Influential Brands in Canada, its first time since 2018, and 19 consecutive quarters of same-store sales growth.

    “From day one, the goal was to build something meaningful with the kind of people who care deeply about the work and each other,” said O’Hagan. “We’ve been lucky to partner with ambitious clients and a team that’s all-in on raising the bar. There’s a lot to be proud of and I look forward to this next chapter.”

    In his new role as CEO, O’Hagan will focus on accelerating growth for GUT Toronto, raising the bar creatively, and spearheading the continued expansion of GLORY, the network’s production center of excellence. What began as a way to deliver a more cohesive vision from... Read More

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