"Musk testified that he lost confidence in Altman maintaining OpenAI's nonprofit mission, expressing concerns that Altman was trying to steal the charity, which he claims turned out to be true."
"OpenAI's lawyers countered Musk's claims, stating there was never a commitment to remain a nonprofit and alleging that Musk's lawsuit is an attempt to undermine the company for his competing venture, xAI."
"Musk is seeking $150 billion in damages from OpenAI and Microsoft, with any awarded funds directed to OpenAI's charitable arm, while also demanding the company return to nonprofit status."
Elon Musk is suing OpenAI, claiming it betrayed its nonprofit mission after evolving into a for-profit entity. Musk invested $38 million in OpenAI from 2015 to 2017 but lost confidence in Sam Altman's leadership. He alleges Altman attempted to take control of the charity and is seeking $150 billion in damages. OpenAI's legal team argues there was never a commitment to remain a nonprofit and claims Musk's lawsuit undermines the company for his own venture, xAI. OpenAI is preparing for a potential IPO valued at $1 trillion.
Read at www.aljazeera.com
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