Judge Rejects Musk’s Bid to Halt OpenAI’s Shift to For-Profit but Allows Lawsuit to Proceed - video Dailymotion

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10 months ago

A federal judge in California denied Elon Musk’s request to halt OpenAI’s transition into a for-profit entity. The judge stated the plaintiffs failed to meet their burden of proof for such “extraordinary relief," but other aspects of Musk’s lawsuit against OpenAI can proceed.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Federal judge in California denied Elon Musk's request to halt OpenAI's transition into a

00:07for-profit entity. The judge stated that the plaintiffs failed to meet their burden of proof

00:12for such extraordinary relief. But other aspects of Musk's lawsuit against OpenAI can proceed.

00:17Musk co-founded OpenAI in 2015 and has become one of its chief adversaries,

00:22arguing that its shift towards commercialization violates its founding mission.

00:26His lawsuit also claims OpenAI and Microsoft engaged in antitrust violations by restricting

00:31rival investments. In December, OpenAI defended its transition plans, stating Musk previously

00:37advocated for a for-profit structure. Musk later offered to buy control of

00:41OpenAI's non-profit parent, a bid rejected by CEO Sam Altman.

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