Elon Musk targets OpenAI’s for-profit transition in a new filing
In a new motion filed late Friday in his lawsuit against OpenAI, Elon Musk’s attorneys have asked for a preliminary injunction to stop OpenAI from transitioning to a for-profit enterprise, reports TechCrunch. They also asked the judge to forbid the company from continuing alleged practices that they say violate US antitrust laws.
Musk’s lawyers claim that because of CEO Sam Altman’s alleged self-dealing, OpenAI “will likely lack sufficient funds to pay damages” if Musk wins the suit. The motion follows reports of OpenAI’s intent to become a for-profit business and that it recently began early talks with regulators to move its structural change forward.
As for antitrust claims, the lawyers say OpenAI and Microsoft “told investors not to fund their mutual competitors” in violation of the Sherman Act. And they claim that Musk “verified that at least one major investor” that had previously contributed to an xAI funding round has since “declined to invest in xAI.”
They also allege that OpenAI benefits from “wrongfully obtained competitively sensitive information” it got through its board connections with Microsoft, violating section 8 of the Clayton Act. The lawyers claim that “the very reason Microsoft obtained its board seat” — referring to Microsoft VP Dee Templeton’s time as a non-voting board member at OpenAI — “was to coordinate business decisions with OpenAI.”
OpenAI did not immediately respond to The Verge’s request for comment.
You may be interested
Musk and Ramaswamy pitch spending advisory board to lawmakers on Capitol Hill
new admin - Dec 06, 2024[ad_1] IE 11 is not supported. For an optimal experience visit our site on another browser.Trump has ‘narrow window’ to…
Lizzo Dismissed from Wardrobe Assistant’s Harassment Lawsuit
new admin - Dec 06, 2024[ad_1] The singer can't be sued as an individual, judge rules Lizzo won a key ruling this week in her…
Former Ohio State star Cameron Heyward pays off Michigan bet in brutal way: ‘I feel like an idiot’
new admin - Dec 06, 2024[ad_1] Ohio State alum Cameron Heyward placed a bet on last week's Ohio State-Michigan game, which his Buckeyes lost, 13-10,…