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News on Medial
Cards Against Humanity sues SpaceX for ₹125 crore over property damage
Inshorts
·
10m ago
Medial
Cards Against Humanity is suing Elon Musk-led SpaceX for $15 million (₹125 crore) after it allegedly dumped construction equipment on the game company's private land in Texas. In its complaint, CAH compared pictures of the "pristine vacant property" in 2017 with images of the property today. SpaceX cleared the land of vegetation and compacted the soil with gravel, it alleged.
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Related News
Go f**k yourself: Cards Against Humanity to Musk after SpaceX damages property
Inshorts
·
10m ago
Medial
Game company Cards Against Humanity said SpaceX gave 12 hours to accept "a lowball offer for less than half our land's value" after destroying its property in Texas. "We said, 'Go fuck yourself, Elon Musk,'" CAH revealed. The company bought the land on US-Mexico border after raising funds from 150,000 people to prevent Donald Trump from building a border wall.
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Visa processing firm BLS’ arm acquires Aadifidelis Solutions
VCCircle
·
1y ago
Medial
Visa processing firm BLS International's subsidiary, BLS E-Services, has acquired financial services company Aadifidelis Solutions. The subsidiary will purchase a 55% stake in Aadifidelis for INR 190 crore (around $25.5 million), with an upfront investment of INR 71 crore. Aadifidelis offers services such as loans against property, personal loans, credit cards, and home loans. It operates across 17 states in India and has a network of over 8,600 channel partners. In FY24, Aadifidelis recorded revenues of INR 577 crore and EBITDA of INR 22 crore.
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Nokia sues Amazon over alleged use of patented video tech
Economic Times
·
1y ago
Medial
Nokia has filed a lawsuit against Amazon, alleging that the tech giant has been using its patented video technology without proper authorization. The lawsuit seeks monetary damages and an injunction to prevent Amazon from further infringing on Nokia's patents. This legal action highlights the ongoing battles over intellectual property rights in the tech industry.
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Elon Musk sues OpenAI and Sam Altman over 'betrayal' of non-profit AI mission
TechCrunch
·
1y ago
Medial
Tesla CEO Elon Musk has filed a lawsuit against OpenAI, accusing the organization of breaching its original agreement by prioritizing profits over the development of AI for the benefit of humanity. Musk, an early supporter of OpenAI, claims that the company shifted to a for-profit model and is now a subsidiary of Microsoft, betraying its founding mission. The lawsuit focuses on OpenAI's chatbot, GPT-4, which Musk argues constitutes artificial general intelligence. He is seeking to compel OpenAI to follow its original mission and prevent the monetization of technologies developed for private gain.
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Elon Musk sues OpenAI for abandoning its mission to benefit humanity
The Verge
·
1y ago
Medial
Elon Musk has filed a lawsuit against OpenAI and its CEO, Sam Altman, accusing them of prioritizing profit over their original mission of developing AI technology for the benefit of humanity. Musk alleges that OpenAI's partnership with Microsoft has transformed the organization into a profit-focused subsidiary, breaching the founding agreement that committed the company to be non-profit and open source. The lawsuit aims to force OpenAI to return to its original mission. Musk, who co-founded OpenAI in 2015 but no longer holds a stake in the company, has been vocal about the potential risks of AI advancement.
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Amazon shareholder sues board, Bezos over Blue Origin launch contracts
Economic Times
·
1y ago
Medial
An Amazon shareholder has filed a lawsuit against Jeff Bezos and the Amazon board, alleging that they failed to properly evaluate the decision to award launch contracts for Project Kuiper to Blue Origin, Jeff Bezos's space company. The lawsuit claims that the Amazon board awarded contracts worth billions to Blue Origin without considering SpaceX as an alternative, despite its track record. Amazon responded, stating that the claims in the lawsuit are without merit. Project Kuiper aims to create a network of over 3,000 satellites for broadband internet.
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Akasa sues 43 pilots for joining other airlines without serving a notice period
Livemint
·
1y ago
Medial
Akasa Air, a 13-month-old airline, is taking legal action against 43 pilots who joined other airlines without serving the notice period. The airline is seeking around ₹22 crore in compensation for revenue loss and damage to its reputation. This mass exodus of pilots has led to several flight cancellations since August 2023. Akasa Air considers the pilots' actions a violation of their contracts and the country's civil aviation regulations, causing inconvenience to passengers. The airline currently operates with a fleet of 20 planes and had plans to start international operations.
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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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US sues SpaceX, alleges hiring discrimination against asylum seekers, refugees
Economic Times
·
1y ago
Medial
In job postings and public statements over several years, SpaceX wrongly claimed that under federal regulations known as export control laws, SpaceX could hire only US citizens and lawful permanent residents, sometimes referred to as "green card holders," the Justice Department said.
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TCS to take $125 million hit to Q3 earnings over US lawsuit
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) announced that it will set aside $125 million in its third-quarter results for a trade secret lawsuit filed by EPIC Systems. The US Supreme Court rejected TCS' appeal against a previous verdict, upholding an order for $140 million in punitive damages. EPIC Systems had accused TCS of stealing its intellectual property while implementing healthcare software.
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