Connect with us

Hi, what are you looking for?

CrazyFlux.comCrazyFlux.com

Tech News

Elon Musk targets OpenAI’s for-profit transition in a new filing

An image of Elon Musk in front of trial scales.
Illustration: Kristen Radtke / The Verge; Image: Getty Images

In a new motion filed late Friday in his lawsuit against OpenAI, Elon Musk’s attorneys have asked for a preliminary injunction to stop OpenAI from transitioning to a for-profit enterprise, reports TechCrunch. They also asked the judge to forbid the company from continuing alleged practices that they say violate US antitrust laws.

Musk’s lawyers claim that because of CEO Sam Altman’s alleged self-dealing, OpenAI “will likely lack sufficient funds to pay damages” if Musk wins the suit. The motion follows reports of OpenAI’s intent to become a for-profit business and that it recently began early talks with regulators to move its structural change forward.

As for antitrust claims, the lawyers say OpenAI and Microsoft “told investors not to…

Continue reading…

You May Also Like

Tech News

Image: The Verge OpenAI is planning to launch new features, products, and demos for 12 days straight — starting with the full release of...

World News

When government agents intervene into the economy, they do so without even understanding how market processes work in the first place. This lack of...

Editor's Pick

On November 21, 2024, Citron Capital shorted MicroStrategy Inc. (MSTR). What made this confrontation particularly electrifying was the clash between two titans: Citron, a...

Tech News

Image: Elen Winata for The Verge Just because it’s Saturday doesn’t mean the deluge of deals on laptops, headphones, and other Verge-approved gadgets is...