Musk vs. Altman: Federal jury sides with OpenAI in legal battle between the two tech billionaires
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Musk vs. Altman: Federal jury sides with OpenAI in legal battle between the two tech billionaires
A federal jury unanimously found that Elon Musk waited too long to file his lawsuit against OpenAI and its top executives, missing the statute of limitations deadline. Judge Yvonne Gonzalez Rogers accepted the jury’s verdict and dismissed Musk’s claims. Musk, a co-founder of OpenAI, accused OpenAI CEO Sam Altman and his deputy of betraying a shared vision for guiding artificial intelligence development as a nonprofit focused on humanity’s benefit. OpenAI launched in 2015 and later created ChatGPT. The dispute followed Musk’s early investment of $38 million and the company’s evolution into a highly valuable business valued at $852 billion, with potential for a major initial public offering.
"A federal jury has sided with OpenAI and its top executives in a feud with Elon Musk, who accused them of betraying a shared vision for it to guide artificial intelligence 's development as a nonprofit dedicated to humanity's benefit. The nine-person jury unanimously found that Musk waited too long to file his lawsuit and missed the deadline for the statute of limitations."
"Musk, the world's richest man, was a co-founder of OpenAI, the company that launched in 2015 and went on to create ChatGPT. After investing $38 million in its first years, Musk accused OpenAI CEO Sam Altman and his top deputy of shifting into a moneymaking mode behind his back."
"The jury served in an advisory role, but Judge Yvonne Gonzalez Rogers accepted the verdict Monday as the court's own and dismissed Musk's claims. The trial that began April 27 in Oakland, California shed light on the bitter falling-out between the two Silicon Valley titans and the beginnings of OpenAI, now a company valued at $852 billion and moving toward potentially one of the largest initial public offerings in history."
Read at Fast Company
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