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Musk sues OpenAI and Sam Altman, alleging contract breach

Elon Musk sued OpenAI and its CEO Sam Altman on Thursday, accusing the ChatGPT maker of breach of contract for failing to adhere to its original mission to develop artificial general intelligence (AGI) for the benefit of humanity. Musk, who co-founded the artificial intelligence (AI) company, alleged that Altman and OpenAI set the company’s founding agreement “aflame” in its partnership with Microsoft. Musk now owns a separate AI company known as xAI. “OpenAI, Inc. has been transformed into a closed-source…

Elon Musk sues Sam Altman and ChatGPT maker OpenAI over AI mission

Elon Musk has sued ChatGPT-maker OpenAI and its chief executive Sam Altman, among others, saying they had abandoned the company’s original mission to develop artificial intelligence for the benefit of humanity not profit.The lawsuit filed late on Thursday said Altman and OpenAI’s cofounder Greg Brockman originally approached Musk to make an open source, nonprofit company.The Microsoft-backed company’s focus on making money breached that contract, lawyers for Musk said in the lawsuit filed in San Francisco. They added…

Elon Musk sues OpenAI and Sam Altman for allegedly ditching non-profit mission

OpenAI co-founder Elon Musk has sued the company, his fellow co-founders, associated businesses and unidentified others. He claims that, by chasing profits, they’re violating OpenAI’s status as a non-profit and its foundational contractual agreements to develop AI “for the benefit of humanity.”The suit alleges that OpenAI has become a “closed-source de facto subsidiary” of Microsoft, which has invested $13 billion and holds a 49 percent stake. Microsoft uses OpenAI tech to power generative AI tools such as…

Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to benefit humanity

Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker's founding aims of benefiting humanity rather than pursuing profits.In a lawsuit filed at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI's creation, he secured an agreement with Altman and Greg Brockman, the president, to keep the AI company as a non-profit that would develop technology for the benefit of the public. Under its founding agreement, OpenAI would also make its code open to…

Elon Musk Sues OpenAI, Sam Altman Over Breach of Contract

Elon Musk accused Sam Altman and OpenAI of pursuing profit over bettering humanity in a new breach of contract lawsuit filed in San Francisco Superior Court yesterday, Feb. 29. Musk helped Altman found OpenAI as a non-profit in 2015 (Musk left the board of directors in 2018 and no longer has a stake). Central to the lawsuit is OpenAI’s “founding agreement,” which, per the lawsuit, stated the lab would build artificial general intelligence (AGI) “for the benefit of humanity,” not to “maximize shareholder profits,”…

Elon Musk Sues OpenAI and Sam Altman for Breach of Contract

Elon Musk is suing OpenAI and Sam Altman for allegedly abandoning OpenAI’s original mission to develop artificial intelligence to benefit humanity.“OpenAI, Inc. has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft,” Musk’s lawyers wrote in the lawsuit, which was filed late on Thursday in San Francisco.“Under its new board, it is not just developing but is refining an AGI to maximize profits for Microsoft, rather than for the benefit of humanity,” claims…

Elon Musk sues OpenAI, its CEO Sam Altman: Here's why

Elon Musk, the CEO of Tesla and SpaceX, has filed a lawsuit against OpenAI and its CEO Sam Altman for allegedly violating their original contractual agreements related to AI. The lawsuit, filed in a San Francisco court, centers on OpenAI's most recent natural language model, called GPT-4. Elon Musk, the CEO of Tesla and SpaceX, has filed a lawsuit against OpenAI and its CEO Sam Altman for allegedly violating their original contractual agreements related to AI. The lawsuit, filed in a San Francisco court, centers on…

Elon Musk sues OpenAI and Sam Altman over ‘betrayal’ of non-profit AI mission

Elon Musk sued OpenAI, its co-founders Sam Altman and Greg Brockman and affiliated entities on Thursday, alleging the ChatGPT makers have breached their original contractual agreements by pursuing profits instead of the nonprofit’s founding mission to develop AI that benefits humanity. Musk, an early backer of OpenAI, claims Altman and Brockman convinced him to help found and bankroll the startup in 2015 with promises it would be a non-profit focused on countering the competitive threat from…

Elon Musk: Elon Musk sues OpenAI and CEO Sam Altman for breach of contract

Elon Musk has sued OpenAI and its chief executive Sam Altman, among others, accusing them of breaching contractual agreements made when he helped found the ChatGPT-maker in 2015, according to a lawsuit filed on Thursday in San Francisco. The lawsuit said Altman, along with OpenAI's co-founder Greg Brockman, originally approached Musk to make an open source, non-profit company that would develop artificial intelligence technology for the "benefit of humanity".Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Sam Altman: OpenAI’s Sam Altman stands to rake in over $400 million from Reddit IPO

OpenAI chief Sam Altman might rake in over $400 million from the upcoming initial public offering (IPO) of online conversation and discussion platform Reddit. But, that’s only if Reddit can achieve a valuation of $5 billion. According to Bloomberg estimates, Altman is the third-largest shareholder in Reddit owning an 8.7% stake comprising 789,456 Class A shares and 11.4 million supervoting Class B shares. If Reddit hits the $5-billion valuation in the IPO, Altman’s stake would be valued at about $435 million. Elevate Your…