We’re still talking about whether Musk read the term sheet.

Live updates from Elon Musk and Sam Altman’s court battle over the future of OpenAI Musk has explained that he didn’t object to the proposed introduction of a capped profit structure initially at OpenAI (and also didn’t review it very closely), and Savitt is asking if he knew what the cap was for Microsoft’s investments in the company — Musk doesn’t seem clear on it. Savitt asks whether Musk had a lawyer set terms and conditions for his donations. Musk answers: “No, but it was obviously started as a nonprofit, and in the founding charter it says it will not be to the financial benefit of any person?” The apparent intended gist is that Musk didn’t set clear terms he can point to OpenAI or Altman violating. A free daily digest of the news that matters most.