PANews April 30 news, OpenAI announced in a previous document: In mid-January 2018, Elon Musk congratulated us on our successful fundraising and agreed to our initial coin offering (ICO) to raise $10 billion—this would involve a for-profit subsidiary—and told us that we had resolved our long-term funding issues. However, by the end of January, he told us he no longer supported the ICO (at that time we also lost confidence in the ICO) and believed OpenAI "is destined to fail compared to Google." Then in February 2018, Elon Musk determined that OpenAI would not be able to raise enough funds. That month, he resigned. He shifted his focus to developing artificial general intelligence (AGI) at Tesla.

It is reported that in mid-January 2018 the cryptocurrency market quickly reversed from the peak of the bull market, with Bitcoin significantly retreating from nearly $20,000 (in December 2017), leading the overall market into the early stages of a bear market. During the same period, the ICO bubble began to burst, project quality and regulatory risks prompted a decline in market confidence, and institutions such as the SEC in the United States strengthened scrutiny, while mainstream platforms restricted cryptocurrency advertising, leading the industry to transition from a funding frenzy to a contraction phase.

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