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OpenAI leaders grilled in court over shift from nonprofit to for-profit amid Elon Musk lawsuit.

Market News
04 May 2026
New York Post
View Source
Bearish
pluang ai news

In a high-profile court case, OpenAI president Greg Brockman was questioned about diary entries revealing plans to convert OpenAI from a nonprofit to a for-profit entity, despite Elon Musk's donations. Musk alleges OpenAI violated its charitable mission and is suing for $180 billion, seeking to remove Brockman and CEO Sam Altman from leadership. The trial highlights tensions over OpenAI's business model and Musk's claim that he was misled after funding the company. The outcome could impact OpenAI's future structure and leadership.

More News (MSFT)

Frost & Sullivan honors 50 companies for innovation and sustainability in 2026 Visionary Growth Leadership awards.

Frost & Sullivan honors 50 companies for innovation and sustainability in 2026 Visionary Growth Leadership awards.

The Frost & Sullivan Institute has recognized 50 leading companies with the 2026 Visionary Growth Leadership Best Practices Recognition for embedding innovation, measurable impact, and sustainability into their growth strategies. These companies, inc...

Market News
Bullish
15 hours ago
AI spending by Microsoft, Alphabet, and Meta stays strong despite funding pressures on hyperscalers.

AI spending by Microsoft, Alphabet, and Meta stays strong despite funding pressures on hyperscalers.

Funding is weakening across major cloud providers, but Microsoft, Alphabet, and Meta continue generating enough free cash flow to maintain AI investments without external constraints. AI-related inflows drive growth in tech ETFs, especially in memory...

Market News
Neutral
16 hours ago
Class action lawsuit filed against Microsoft over alleged AI product issues and misleading statements.

Class action lawsuit filed against Microsoft over alleged AI product issues and misleading statements.

A class action lawsuit has been filed against Microsoft for alleged false and misleading statements about its AI Copilot products between May 2025 and January 2026. The lawsuit claims Microsoft concealed problems with product performance, competitive...

Market News
Bearish
16 hours ago
Class action filed against Microsoft over alleged AI product issues and misleading investor statements

Class action filed against Microsoft over alleged AI product issues and misleading investor statements

A class action lawsuit has been filed against Microsoft and some of its officers, accusing them of misleading investors about problems with its Copilot AI products and competitive challenges. The suit claims Microsoft failed to disclose significant i...

Market News
Bearish
19 hours ago
Microsoft unveils new AI models, boosting its position in the AI race despite stock pressure.

Microsoft unveils new AI models, boosting its position in the AI race despite stock pressure.

Microsoft revealed its new in-house AI models called MAI at its Build event, signaling a strong push in the AI race alongside its partnership with OpenAI. The MAI models, especially MAI-Code-1, aim to compete in AI coding, offering efficiency gains a...

Market News
Bullish
20 hours ago
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