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News on Medial
OpenAI apparently hasn’t actually received Elon Musk’s acquisition offer.
The Verge
·
5m ago
Medial
Elon Musk offered to acquire OpenAI for $97.4 billion, but OpenAI has not received a formal proposal. Sam Altman informed employees that the board, which he is part of, has no official offer and plans to reject the bid if it comes. OpenAI staff reacted with fear and frustration over Musk's acquisition news.
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Musk’s X completes rebranding away from Twitter
Livemint
·
1y ago
Medial
Elon Musk has announced that his social media platform known as Twitter has been rebranded to X.com. The URL of the site has now been changed to X.com. Musk, who acquired Twitter last year, revealed in a tweet that all core systems are now on X.com. Despite the rebranding, the privacy and data protection settings remain unchanged. Musk originally offered to buy and privatize Twitter in April 2022, but the deal faced setbacks before being completed. Since the acquisition, Twitter has made changes to its design and content moderation, which have received criticism from users.
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OpenAI slams Elon Musk’s ‘revisionist history’ in bid to toss lawsuit
Livemint
·
1y ago
Medial
Elon Musk's claims that OpenAI has abandoned its altruistic principles in favor of profits have been dismissed as "revisionist history" by the company. OpenAI states that Musk's accusations are an attempt to promote his own AI business and that he had previously left OpenAI when his bid to dominate the venture failed. OpenAI's lawyers also argue that Musk has failed to provide any evidence of a contract that prohibits the monetization of OpenAI's technology. The lawsuit between Musk and OpenAI is set to have a hearing on April 24.
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Elon Musk’s Lawyers Claim He ‘Does Not Use a Computer’
Wired
·
1m ago
Medial
In a court filing for Elon Musk's lawsuit against Sam Altman and OpenAI, Musk's lawyers claimed he "does not use a computer." However, evidence and Musk's own posts suggest otherwise. Musk, who owns xAI, sued OpenAI in 2024 for breach of contract. Despite primarily using his mobile phone, Musk has referenced using laptops. Public posts show his engagement with computers for personal and professional purposes, contradicting the claims made in the court documents.
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Sam Altman shuts down Elon Musk’s $97.4 billion bid for OpenAI: ‘No thank you’, makes counter offer for X
Livemint
·
5m ago
Medial
Elon Musk, backed by his company xAI and several investors, offered $97.4 billion to buy OpenAI's non-profit arm. This proposal intensified the rivalry with OpenAI, as Musk criticized OpenAI for straying from its original mission. OpenAI CEO, Sam Altman, publicly rejected the bid, humorously suggesting buying Musk’s X platform instead. OpenAI, co-founded by Musk and Altman, evolved from its non-profit roots to form a for-profit structure, prompting further disagreement between the two.
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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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The Wild Claim at the Heart of Elon Musk’s OpenAI Lawsuit
Wired
·
1y ago
Medial
Elon Musk has filed a lawsuit against OpenAI, accusing the company of recklessly developing human-level artificial intelligence (AI) and handing it over to Microsoft. The lawsuit claims that OpenAI breached the original agreement made with Musk, which pledged the company to develop AI openly and for the benefit of humanity. Musk further alleges that OpenAI's for-profit arm has created AGI (artificial general intelligence) without proper transparency and licensed it to Microsoft. The case revolves around whether OpenAI's language model, GPT-4, qualifies as AGI, with experts divided on the matter.
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Elon Musk’s Grok chatbot is going open source, but maybe not for the right reasons
Techradar
·
1y ago
Medial
Elon Musk is set to release the source code to X Corp's Grok AI chatbot to the public this week. This decision follows Musk's recent lawsuit against OpenAI, claiming that the company has strayed from its original purpose of developing AI for the benefit of humanity. OpenAI has refuted the lawsuit, presenting emails that suggest Musk supported profit-making ventures. This move by Musk may be seen as a PR stunt or a 'gotcha' moment, as critics question his genuine intentions for the public domain.
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Musk denies report of SpaceX's share sale at $200 bn valuation
Money Control
·
1y ago
Medial
SpaceX is planning a tender offer, a transaction that allows employees and other insiders to sell shares, that could value the company at around $200 billion, Bloomberg reported. "SpaceX has no need for additional capital and will actually be buying back shares. We do liquidity rounds for employees and investors every...six months," CEO Elon Musk said denying the report.
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Elon Musk’s legal case against OpenAI is hilariously bad
The Verge
·
1y ago
Medial
Elon Musk has filed a lawsuit against OpenAI, accusing them of breaching a contract that does not exist. The complaint references a "Founding Agreement," but it is not attached as an exhibit, and the claim admits that it is merely based on email communications and the Articles of Incorporation, which are not a contract. The lawsuit also includes claims like "promissory estoppel," which is rarely used in real-world cases. The complaint appears more like a 1L exam question rather than a legitimate lawsuit.
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The SEC is sick of Elon Musk’s attempts to delay its Twitter investigation
The Verge
·
1y ago
Medial
The US Securities and Exchange Commission (SEC) has accused Elon Musk of attempting to delay their investigation into his acquisition of Twitter, claiming he has "misrepresented" the scope of the investigation. The SEC has been investigating Musk since 2022 over his failure to disclose a substantial stake in Twitter before initiating his acquisition. Musk has fought against testifying to the SEC and accused them of "harassment". A federal judge previously ordered him to cooperate in the investigation, but the testimony has yet to take place. The SEC now alleges that Musk is using delay tactics to hinder the investigation.
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