Musk v. Altman trial begins with $150B at stake over OpenAI's nonprofit-to-profit conversion
Briefly

"The most damaging piece of evidence in the case is not an email from Sam Altman. It is a diary entry from Greg Brockman, OpenAI's co-founder and president, written in 2017: 'I cannot believe that we committed to non-profit if three months later we're doing b-corp then it was a lie.'"
"Elon Musk, who co-founded OpenAI in 2015 and donated at least $38 million to it, is suing Sam Altman, Greg Brockman, and OpenAI on two remaining claims: unjust enrichment and breach of charitable trust."
"Musk wants up to $150 billion in damages directed to the nonprofit arm, the ouster of Altman and Brockman from leadership, and a court order unwinding the for-profit conversion."
Jury selection for Musk v. Altman begins Monday, focusing on OpenAI's transition from nonprofit to for-profit. Musk, a co-founder, is suing for unjust enrichment and breach of charitable trust, seeking $150 billion in damages. He dropped fraud claims to concentrate on two key issues. A significant piece of evidence is a 2017 diary entry by Greg Brockman, which suggests a breach of the nonprofit commitment. The judge will decide remedies, which may include reversing the conversion and removing current leadership.
Read at TNW | Insider
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