The London Tribune
Tech

Elon Musk attorney claims OpenAI, Sam Altman ‘stole a charity’ as high-stakes legal fight begins

Tech billionaire Elon Musk’s legal battle against OpenAI kicked off with a bang on Tuesday, with his attorney alleging CEO Sam Altman “stole a charity” to build a massive, profit-driven empire.
In a federal courtroom in Oakland, California, Musk’s lawyer, Steven Molo, told jurors that OpenAI completely abandoned its founding mission to safely develop artificial intelligence for the benefit of humanity. 
Instead, Molo argued, OpenAI transformed the organization into a “profit-seeking juggernaut” because leaders were “interested in collecting riches for themselves.”
OPENAI’S NONPROFIT PARENT COMPANY SECURES $100B EQUITY STAKE WHILE RETAINING CONTROL OF AI GIANT
Musk, who co-founded the company in 2015, is seeking $150 billion in damages from OpenAI and its major investor, Microsoft, with the proceeds slated to go to OpenAI’s charitable arm. 
The Tesla and SpaceX founder is also demanding that OpenAI revert to a nonprofit that will “benefit humanity,” and that Altman and the president, Greg Brockman, be removed from leadership. 
Molo emphasized Musk’s foundational role, noting he provided roughly $38 million in initial funding and recruited top talent, saying, “Without Elon Musk, there would be no OpenAI.”
ALTMAN CALLS MUSK’S SPACE DATA CENTER PLANS ‘RIDICULOUS’ FOR CURRENT AI COMPUTING NEEDS
Lawyers representing the ChatGPT inventor are defending the company, claiming Musk’s lawsuit is fueled by jealousy over the company’s soaring $850 billion valuation. 
OpenAI is arguing Musk was aware of and supported the transition to a for-profit model in 2019, and only filed suit after he failed to take over as CEO and launched his own rival AI firm, xAI.
U.S. District Judge Yvonne Gonzalez Rogers directly addressed Musk’s recent fiery posts on X, where he dubbed his former partner “Scam Altman.”
JUDGE STRUGGLES TO SEAT JURY IN ELON MUSK INVESTOR TRIAL AMID ‘HATE’ FOR TECH BILLIONAIRE: REPORT
The judge urged Musk to “try to control your propensity to use social media to make things work outside the courtroom,” prompting an agreement from the pair to minimize their online activity during the legal proceedings.
The trial, which is expected to feature explosive testimony from Musk, Altman and Microsoft chief Satya Nadella, could heavily impact OpenAI’s plans for a potential $1 trillion initial public offering (IPO).
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Jurors are expected to begin deliberating on liability by mid-May.

Related posts

eBay to pay nearly $50M after ex-employees allegedly terrorized couple with cockroach, fetal pig packages

Robert Wilkins

Musk says SpaceX shifting focus to ‘self-growing city’ on moon before Mars push

Robert Wilkins

OpenAI unveils ChatGPT Work to automate workplace tasks as AI race intensifies

Robert Wilkins

Tech prices could rise as Iran conflict disrupts electronics supply chain

Robert Wilkins

OpenAI backs creation of global AI governance body led by the U.S. that would include China as a member

Robert Wilkins

FCC blocks new foreign-made power inverters and advanced robots over national security risks

Robert Wilkins