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The post <a href="https://coinpedia.org/news/elon-musk-withdraws-lawsuit-against-openai-amidst-new-ai-ventures/" rel="noopener noreferrer nofollow">Elon Musk Withdraws Lawsuit Against OpenAI Amidst New AI Ventures</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
Elon Musk has withdrawn his lawsuit against OpenAI and its co-founders, Sam Altman and Greg Brockman. The lawsuit was filed in February, and the defendants were accused of breaching contract and fiduciary duty. The lawsuit alleges that OpenAI diverted from its originally promised mission of developing AGI or Artificial General Intelligence to benefit humanity.
In addition, Musk’s decision to drop the lawsuit was made at California state court on Tuesday, right after he criticized OpenAI for its new partnership with Apple and questioned security concerns.&nbsp;
<h2 class="wp-block-heading" id="h-questionable-legal-foundation">Questionable Legal Foundation</h2>
The case was supposed to have a hearing on Wednesday in San Francisco, where a judge would finalize its dismissal. In fact, legal experts had previously questioned the validity of this lawsuit, considering that Musk’s contract wasn’t a formal agreement signed by everyone involved.&nbsp;
According to Musk, OpenAI was influenced by Microsoft, its major shareholder, and had shifted to a for-profit model, which is against its original mission of benefiting humanity. Although the complaint was 35 pages long and contained many exhibits, many opined that the lawsuit filed was more about Musk’s stress on the role he played in OpenAI’s creation than a solid legal case.
<h2 class="wp-block-heading" id="h-musk-s-continued-ai-ambitions">Musk’s Continued AI Ambitions</h2>
This development emerges along with Musk’s ongoing rivalry in the AI space. Last year, Musk launched xAI, his AI startup, which recently successfully secured $6 billion in Series B funding from significant contributors like Andreessen Horowitz and Sequoia Capital.
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
 According to xAI, it aims to “understand the true nature of the universe” and has also launched its chatbot Grok, inspired by “The Hitchhiker’s Guide to the Galaxy.”&nbsp;
</blockquote>
Hence, Musk’s persistent efforts to progress AI are indeed highlighted through this enterprise, although he is currently dealing with legal and public disputes. Both Altman and Musk’s representatives have yet to comment on the recent withdrawal of the lawsuit, leaving the industry to come up with varied predictions about the future endeavors of these tech giants.

Elon Musk Withdraws Lawsuit Against OpenAI Amidst New AI Ventures

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