A jury rejected Elon Musk's 2024 lawsuit claiming OpenAI broke its nonprofit promise, siding with CEO Sam Altman and OpenAI. Musk alleged the AI company shifted to for-profit motives, seeking up to $134 billion in returns and leadership changes. The court found no liability, with Musk's team reserving appeal rights. This verdict comes as OpenAI and Musk's SpaceX prepare for major public offerings, highlighting the high-stakes rivalry between the tech billionaires.
Elon Musk has lost his lawsuit against OpenAI and Microsoft after a civil trial where a jury found he waited too long to file the case. The jury cleared OpenAI, CEO Sam Altman, and President Greg Brockman of all claims. Musk's lawsuit accused OpenAI ...
US tech stocks, especially those linked to AI, are currently overvalued due to overly optimistic assumptions about compute scarcity and capital expenditure growth. The author recommends reducing exposure to these overvalued US tech stocks and instead...
Microsoft's stock has dropped 11% this year despite its AI business growing over 100% annually and strong Azure cloud growth. Investor Bill Ackman is increasing his Microsoft holdings while reducing Alphabet, seeing value in Microsoft's current price...
A federal jury in Oakland ruled unanimously against Elon Musk in his $150 billion lawsuit claiming OpenAI abandoned its charitable mission by becoming a for-profit entity. Musk alleged that OpenAI and its leaders, including Sam Altman, violated their...
A California jury unanimously ruled that Elon Musk's lawsuits against OpenAI cofounders and Microsoft were filed too late, dismissing his claims of mistreatment and theft related to OpenAI's for-profit affiliate. The trial centered on whether promise...
