"Musk accuses Altman, OpenAI, and its major partner Microsoft of breach of contract and unjust enrichment in the lawsuit, seeking over $134 billion in damages."
"OpenAI has vehemently denied Musk's allegations, stating that he agreed in 2017 that establishing a for-profit entity would be a necessary next step for the company."
"The case carries sizable stakes for OpenAI, which is expected to go public later this year at around a $1 trillion valuation."
"Musk's relationship with Altman soured around 2017 after Musk grew impatient with OpenAI's progress and made a failed bid to exert more control."
Elon Musk has filed a lawsuit against Sam Altman, OpenAI, and Microsoft, claiming breach of contract and unjust enrichment due to OpenAI's transition to a for-profit model. The trial is set to begin with jury selection in Oakland, California, and is expected to last two to three weeks. Musk seeks over $134 billion in damages and the removal of Altman and Brockman. OpenAI denies the allegations, asserting Musk's funding was a donation, not an investment, and that he agreed to the for-profit shift in 2017.
Read at www.theguardian.com
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