🚀 AI-picked stocks soar in May. PRFT is +55%—in just 16 days! Don’t miss June’s top picks.Unlock full list

OpenAI hits back at Musk’s lawsuit; claims he wanted control

Published 2024-03-06, 07:11 a/m
© Reuters.  OpenAI hits back at Musk’s lawsuit; claims he wanted control
TSLA
-

Proactive Investors - OpenAI has responded to Elon Musk’s lawsuit against the ChatGPT owner, alleging that the Tesla (NASDAQ:TSLA) boss attempted to take control of the company before walking away.

In a blog post, the AI company released a series of emails between Musk and OpenAI’s management, showing how he was onboard the group’s strategy to make money.

Last week, lawyers on behalf of Musk filed a civil lawsuit against OpenAI and its founders Samuel Altman and Gregory Brockman.

Musk alleged that the founding principles of OpenAI as an organisation that would develop artificial general intelligence (AGI) “for the benefit of humanity” have been lost in favour of maximising shareholder profits.

OpenAI said it is planning to “dismiss all of Elon’s claims”, alleging that Musk supported the switch as it would help cover the enormous costs of developing artificial general intelligence (AGI), one of the most advanced forms of the tech.

“This needs billions per year immediately or forget it,” an email from Musk said.

OpenAI said: “We’re sad that it’s come to this with someone whom we’ve deeply admired — someone who inspired us to aim higher, then told us we would fail, started a competitor, and then sued us.”

Musk is also alleged to have wanted to merge OpenAI with Tesla, and withheld funding while he demanded a majority stake, control of the board and a position as chief executive officer.

LinkedIn founder Reid Hoffman is said to have covered salaries and the cost of operations while the funding was withheld.

Read more on Proactive Investors CA

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.