openai-lawsuit
4 stories related to this topic, newest first.
Tesla Owners Club Belgium / Wikimedia (CC BY 2.0)SEC and Elon Musk Settle Twitter Stake Disclosure Lawsuit for $1.5 Million Fine
The U.S. Securities and Exchange Commission has agreed to settle its lawsuit against Elon Musk accusing him of violating securities laws by delaying disclosure of his Twitter stake in 2022. Musk's revocable trust will pay a $1.5 million civil penalty without admitting wrongdoing,…
European Commission - Photographer: Aurore Martignoni / Wikimedia (CC BY 4.0)OpenAI Lawsuit Claims Deviation from Nonprofit Mission in Brockman Testimony
OpenAI President Greg Brockman testified that his equity stake in the company is worth up to $30 billion, defending his compensation amid Elon Musk's lawsuit accusing company leaders of abandoning its nonprofit mission. The trial in Oakland examines OpenAI's shift to a for-profit…
Tesla Owners Club Belgium / Wikimedia (CC BY 2.0)Court Filing Reveals Musk's Pre-Trial Settlement Outreach to OpenAI
Elon Musk contacted OpenAI President Greg Brockman to explore a settlement two days before their trial began in Oakland federal court, according to a new court filing made on Sunday. Brockman suggested both sides drop their claims, leading Musk to state that he and OpenAI CEO Sam…
Tesla Owners Club Belgium / Wikimedia (CC BY 2.0)Elon Musk Testifies in OpenAI Nonprofit Status Trial
Elon Musk took the stand as the first witness in his lawsuit against OpenAI CEO Sam Altman, alleging the company deviated from its nonprofit founding mission. The trial, which began with opening arguments in Oakland, California, follows jury selection on Monday and could influenc…