Musk is asking for up to $134 billion in his legal battle against OpenAI and Microsoft
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Musk is asking for up to $134 billion in his legal battle against OpenAI and Microsoft
"Can't wait to start the trial. The discovery and testimony will blow your mind."
"a financial economist with decades of professional and academic experience."
"Wazzan calculated that Musk should receive $65.50 billion to $109.43 billion in "wrongful gains" fromOpenAI. He made a similar calculation for Microsoft's "wrongful gains," which equated to between $13.30 billion and $25.06 billion."
"The blog, which provided commentary alongside excerpts from several court documents, alleges that Musk wanted "full control" of OpenAI, "since he'd been burned by not havin"
Elon Musk is suing OpenAI leaders and Microsoft, demanding $79 billion to $134 billion in damages and asserting he was defrauded of $38 million in 2015 seed funding. A jury trial is scheduled for April in Oakland, California. A financial economist named C. Paul Wazzan calculated that Musk is owed $65.50 billion to $109.43 billion in wrongful gains from OpenAI and $13.30 billion to $25.06 billion from Microsoft. The claim asserts entitlement to a percentage of OpenAI's current $500 billion valuation. OpenAI published a blog post responding to court filings while Musk posted about the upcoming trial on X.
Read at Business Insider
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