"The federal jury in Oakland, California, found Altman and Greg Brockman, OpenAI's president, not liable for unjustly enriching themselves and breaking contracts made with Musk when founding the startup. The verdict is a stark rebuke of Elon Musk and his lawyer's claims that Altman stole a charity through his leadership of OpenAI. The jury's finding is a non-binding, advisory verdict that leaves Judge Yvonne Gonzalez Rogers with ultimate power to issue her own ruling in the case, which is expected to align with the jury's findings. Gonzalez Rogers immediately said that she would agree with the jury's decision."
"The nine-person jury in Oakland began deliberating the case on Monday morning after a three-week trial that featured several of Silicon Valley's most prominent executives taking the stand. Musk, Altman, Brockman and Microsoft CEO Satya Nadella all gave testimony in the case, at times facing combative cross-examinations in the courtroom. The verdict caps off one of the most closely watched trials in tech, which delivered a look behind the scenes at OpenAI's fractious history and the fight between two of the industry's biggest names."
"Although a victory for Altman, the case made public many unflattering details and episodes involving both moguls. Musk's lawsuit sought $134bn to be redistributed from OpenAI's for-profit arm to its non-profit. It also demanded the removal of Altman and Brockman from their roles at OpenAI, as well as the undoing of the firm's for-profit restructuring."
"At the core of the case was Musk's allegations that Altman, Brockman and OpenAI broke a founding agreement when they restructured the company into a for-profit entity. Musk accused the defendants of breach of charitable trust and unjust enrichment, claiming that Altman swindled him into co-founding OpenAI in 2015 as a non-p"
A federal jury in Oakland, California ruled that Sam Altman and Greg Brockman were not liable for unjustly enriching themselves or breaking contracts connected to Elon Musk when OpenAI was founded. The decision rebuked Musk and his lawyer’s claims that Altman stole a charity through his leadership of OpenAI. The verdict was advisory and non-binding, leaving Judge Yvonne Gonzalez Rogers to issue the final ruling, and she said she would agree with the jury’s decision. The nine-person jury deliberated after a three-week trial featuring prominent Silicon Valley executives, including testimony from Musk, Altman, Brockman, and Microsoft CEO Satya Nadella. Musk sought $134 billion to be redistributed from OpenAI’s for-profit arm to its non-profit, along with removal of Altman and Brockman and undoing the for-profit restructuring.
Read at www.theguardian.com
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