"A U.S. jury unanimously ruled that Elon Musk's lawsuit against OpenAI was filed too late. OpenAI, CEO Sam Altman, and President Greg Brockman were not held liable. The verdict removes a legal obstacle to OpenAI's initial public offering. Musk accused OpenAI of deception. He invested $38 million in the organization on the assumption that it would remain a nonprofit dedicated to developing AI for the benefit of humanity."
"The crux of the verdict revolves around the statute of limitations. OpenAI's lawyers argued that Musk had three years to file a complaint, but filed his lawsuit in August 2024-too late, years after the commercial structure had already been made public. Judge Yvonne Gonzalez Rogers confirmed after the verdict that there was sufficient evidence to support the jury's finding and that Musk will face an uphill battle on appeal because the statute of limitations is a matter of fact."
"Musk immediately announced he would appeal and reiterated on X his accusation that Altman and Brockman had looted a charity. Earlier in the trial, Musk's partner Shivon Zilis testified that Musk had proposed at the time to make OpenAI a subsidiary of Tesla. Altman, Brockman, and co-founder Ilya Sutskever rejected that proposal."
"OpenAI attorney Bill Savitt later called the complaint "after-the-fact contrivance that bears no relationship to reality" and a "hypocritical attempt to sabotage a competitor." Microsoft, which invested more than $100 billion in its partnership with OpenAI, also responded positively. "The facts and the timeline in this case have long been clear and we welcome the jury's decision to dismiss these claims as untimely,""
A U.S. jury unanimously found that Elon Musk’s lawsuit against OpenAI was filed after the applicable statute of limitations. OpenAI, CEO Sam Altman, and President Greg Brockman were not held liable. The ruling removes a legal obstacle to OpenAI’s initial public offering. Musk alleged deception and sought $150 billion in damages and the resignation of Altman and Brockman. Musk invested $38 million based on an expectation that OpenAI would remain a nonprofit focused on AI for humanity. OpenAI argued Musk had three years to file, and the complaint was filed in August 2024 after OpenAI’s commercial structure became public. Musk announced an appeal, while OpenAI and Microsoft criticized the claims as untimely and unsupported.
Read at Techzine Global
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