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Elon Musk asks court to block OpenAI from converting to a for-profit - TL;DR CNBC

Elon Musk asks court to block OpenAI from converting to a for-profit

Publishing timestamp: 2024-12-02 09:07:24


Summary

Elon Musk is asking a federal court to stop OpenAI from converting into a fully for-profit business. Musk's attorneys argue that OpenAI is benefiting from competitively sensitive information and coordination via Microsoft-OpenAI board interlocks. The legal feud between Musk, OpenAI, and its CEO Sam Altman has escalated, with allegations of violating federal racketeering laws and antitrust laws. Musk's newest AI startup, xAI, is also involved in the legal battle. OpenAI has emerged as a major startup with its ChatGPT model, and Musk's xAI is raising funds to compete in the generative AI market, which is predicted to reach $1 trillion in revenue within a decade. Microsoft has invested heavily in OpenAI, but the company recently reported a $1.5 billion loss largely due to expected losses from OpenAI. Musk's attorneys argue that OpenAI should be prohibited from benefiting from wrongfully obtained competitively sensitive information.


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Keywords: businessalphabet incelon muskinternetmobilenvidia corpmicrosoft corpbreaking news: technologybusiness newssocial mediatechnologysam altmanlaws

Source: https://www.cnbc.com/2024/11/30/elon-musk-asks-court-to-block-openai-from-converting-to-a-for-profit.html


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