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Elon Musk, Tesla win dismissal of lawsuit claiming they rigged dogecoin
Economic Times
·
11m ago
Medial
Elon Musk and Tesla have successfully had a federal lawsuit dismissed. The lawsuit accused Musk and Tesla of defrauding investors through the promotion of the cryptocurrency dogecoin and engaging in insider trading. The plaintiffs claimed that Musk used social media and other publicity tactics to manipulate the price of dogecoin for personal gain. However, Musk's lawyers argued that the plaintiffs had no case and there was no evidence to support the accusations. The judge agreed and dismissed the lawsuit.
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OpenAI responds to Elon Musk's lawsuit: ‘Elon wanted us to merge with Tesla or…’
Livemint
·
1y ago
Medial
OpenAI has responded to the recent lawsuit filed by Elon Musk, stating that he wanted the AI startup to merge with Tesla or have full control. In the suit, Musk accused OpenAI of compromising its original mission for profit under Microsoft. OpenAI clarified that they couldn't agree to Musk's terms as it went against their mission for any individual to have absolute control. Musk allegedly suggested attaching OpenAI to Tesla as a "cash cow." Musk's lawsuit accuses OpenAI of breach of contract and demands a return to open source.
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Elon Musk's growing legal challenges
Economic Times
·
1y ago
Medial
Elon Musk, the CEO of Tesla and SpaceX, is facing a series of legal challenges. The US Securities and Exchange Commission has sued Musk to testify as part of an investigation into his takeover of Twitter. Musk's companies, including Tesla and SpaceX, are involved in various legal disputes, including allegations of discrimination and workplace harassment. Musk's tweets on Twitter have also caused controversy and legal trouble. Additionally, he has been accused of insider trading and manipulating the cryptocurrency Dogecoin.
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Elon Musk revives lawsuit against Sam Altman and OpenAI
Economic Times
·
1y ago
Medial
Elon Musk has filed a new lawsuit against OpenAI and its CEO Sam Altman, accusing them of prioritizing profits over the public good. Musk alleges that once OpenAI's technology became commercially viable, Altman shifted the company's focus towards profitability. The lawsuit seeks to invalidate OpenAI's license agreement with Microsoft for using its AI models, claiming that these language models fall outside the scope of the partnership. Previously, Musk had withdrawn a similar lawsuit in June, claiming that OpenAI had deviated from its original mission of benefiting humanity.
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Elon Musk's emails about OpenAI could be another nail in the coffin for his lawsuit against the company
Business Insider
·
1y ago
Medial
OpenAI has released a series of emails that suggest Elon Musk may not have been completely transparent in his lawsuit against the artificial intelligence company. Despite claiming that he had not agreed to OpenAI developing a for-profit arm or moving away from open-source data, the emails show Musk actually supported these actions and even suggested OpenAI attach itself to Tesla. This revelation could weaken Musk's case, as legal experts believe he will struggle to prove his argument without a written contract. Meanwhile, OpenAI may face a disruption and waste of resources due to the lawsuit.
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Elon Musk withdraws lawsuit against OpenAI
Economic Times
·
1y ago
Medial
Billionaire entrepreneur Elon Musk has filed a motion to dismiss his lawsuit against OpenAI and its CEO, Sam Altman. The lawsuit alleged that OpenAI had deviated from its original mission of developing AI for the benefit of humanity and instead focused on profit. Musk's attorneys did not provide a reason for the dismissal. The lawsuit marked the culmination of Musk's ongoing opposition to OpenAI, which he co-founded but has since become a major player in AI with funding from Microsoft. Musk founded his own AI startup, xAI, in July 2020.
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OpenAI and Elon Musk agree to fast tracked trial over for-profit shift
Economic Times
·
4m ago
Medial
OpenAI and Elon Musk are set for a fast-tracked trial over OpenAI's shift to a for-profit model, which Musk challenges as deviating from its founding mission. They proposed the trial for December, delaying the decision on whether it will be jury-decided. Musk's lawsuit, claiming OpenAI's ethical drift, is countered by OpenAI's need to attract capital in the competitive AI field. A significant fundraising transition hinges on this legal outcome.
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OpenAI claps back at Elon Musk's 'incoherent' lawsuit, says he's jealous of the company's success without him
Business Insider
·
1y ago
Medial
OpenAI has responded to Elon Musk's lawsuit, calling it "incoherent" and "contradictory." OpenAI alleges that Musk is driven by self-interest and jealousy, disguising his personal motives behind claims of benefiting humanity. The company claims that Musk supported OpenAI's for-profit structure and now seeks to claim credit for its success. OpenAI's filing requests an early dismissal and a designation of complexity to expedite the process. Legal experts believe the lawsuit may be dismissed before reaching trial. Musk had previously invested in OpenAI but left the board in 2018, citing potential conflicts with Tesla's AI efforts.
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The OpenAI Files: Sam and co bring the receipts on Elon's involvement
Business Insider
·
1y ago
Medial
OpenAI responded to Elon Musk's lawsuit in a blog post, sharing internal emails that shed light on Musk's relationship with the company. The post revealed that Musk inspired OpenAI, but later started a competitor and sued them when they made progress without him. Musk's lawsuit accused OpenAI of breaching their nonprofit contract by partnering with Microsoft. The blog post also mentioned that discussions with Musk indicated he wanted control over OpenAI and suggested merging it with Tesla. OpenAI intends to dismiss Musk's claims and remains focused on advancing its mission.
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Elon Musk sues Sam Altman, accusing him of betraying OpenAI's mission of benefiting humanity
Business Insider
·
1y ago
Medial
Tesla and SpaceX CEO Elon Musk is reportedly suing OpenAI, the research non-profit he helped found, claiming that the organization's partnership with Microsoft has deviated from its original mission. Musk argues that OpenAI's collaboration with Microsoft has transformed it into a "closed-source de facto subsidiary" that prioritizes maximizing profits for Microsoft instead of benefiting humanity. The lawsuit alleges that OpenAI's shift to a "capped-profit" structure breaches its initial agreement of being an open-source, non-profit company. Microsoft has invested significantly in OpenAI and has defended its ownership structure as serving the company's mission.
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Elon Musk's X settles Donald Trump lawsuit
Economic Times
·
5m ago
Medial
X, formerly Twitter, has settled a lawsuit with Donald Trump for approximately $10 million following his account suspension in 2021. Trump sued, claiming wrongful censorship after his account was removed post-Capitol riot. The settlement aligns Elon Musk and Trump's relationship further, with Musk having reinstated Trump's account after acquiring the company. Both parties agreed to dismiss the lawsuit and cover their own costs, though details of the agreement remain undisclosed.
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