Elon

Drops

Elon Musk

<a href="https://bitcoinworld.co.in/elon-musk-drops-lawsuit-against-openai/" title="Elon Musk Drops Lawsuit Against OpenAI" rel="noopener noreferrer nofollow"></a>
Elon Musk dropped his <a href="https://bitcoinworld.co.in/elon-musk-sues-sam-altman-and-openai/" rel="noopener noreferrer nofollow">lawsuit</a> against OpenAI, according to two June 11 court filings.
One filing states that Musk, as the plaintiff, filed a notice of entry of dismissal and proof of service.
The other states that the case has been dismissed without prejudice, leaving Musk with the option of refiling it later.
CNBC reported the same day that the Superior Court of California of the County of San Francisco intended to proceed with a hearing on June 12 before Musk dropped the case.
The hearing would have considered OpenAI and associated defendants’ request to dismiss the lawsuit.
<h3 id="span-style-font-weight-400-the-lawsuit-span">The Lawsuit</h3>
Musk filed his lawsuit against OpenAI, its co-founder and CEO, Sam Altman, and several other company members on Feb. 29.
Musk raised numerous formal charges, including a breach of contract and engagement in unfair competition.&nbsp;
The lawsuit alleged that OpenAI now develops AI for profit rather than for the benefit of humanity, has turned to a closed-source model, and has effectively become a subsidiary of its funding source and partner, Microsoft.
In March, OpenAI <a href="https://openai.com/index/openai-elon-musk/" rel="noopener noreferrer nofollow">issued</a> a public statement claiming that Musk had recognized the need for a for-profit model. The firm said it intended to request the court to dismiss the case at that time.
Musk helped establish OpenAI and remained on the company’s board until 2018.
He currently leads competing firm xAI, which claims to have pro-humanity goals.&nbsp;
The company secured $6 billion in funding in May, bringing its valuation to $24 billion.

Elon Musk Drops Lawsuit Against OpenAI

Table of Contents

ItsBitcoinWorld

Other articles published on Jun 12, 2024

Bitcoin’s Price Surge Boosts Altcoins

Trump Share Insights with Bitcoin Mining Execs at Mar-a-Lago

Andrew Tate Promotes DADDY Token Amid Insider Trading Allegations

Ready to 10x Your Portfolio? Invest in This mid-cap token Now

Donald Trump’s Bitcoin Mining Endorsement Sparks Industry Excitement

Ethereum’s NFT Dominance Faces Downturn Amid Sector Struggles

Join our free newsletter for daily crypto updates!