Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

RTTNews | il y a 463
Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

(RTTNews) - Elon Musk, the founder and CEO of Tesla and SpaceX, moved to dismiss his lawsuit against artificial intelligence or AI startup OpenAI and its CEO Sam Altman.

According to a filing in San Francisco Superior Court, Musk's attorneys asked the California state court to dismiss the lawsuit against the ChatGPT maker without citing a reason.

Musk, who co-founded OpenAI in 2015, had filed the lawsuit earlier this year alleging that the firm is developing AI for profitability instead of its foundational mission of utilizing it for the benefit of humankind.

Musk, in his lawsuit against the company and its co-founders Altman and Greg Brockman, who is currently its president, had sought a jury trial, and to pay back any profit they received from the business.

In response, OpenAI, the developer of generative chatbot ChatGPT, had filed a motion to dismiss the case, of which a hearing had been scheduled for Wednesday. OpenAI had fought back against Musk's claims, calling them incoherent and frivolous.

OpenAI also had published a blog post containing many of Musk's emails from OpenAI's initial days. As per the emails, Musk acknowledged the need for the company to make huge money to fund the computing resources so as to power its AI ambitions, which was in contrast to his allegations in the lawsuit.

The move comes as Musk, in a series of posts on his social media platform X, threatened to ban Apple devices from his companies if the tech major incorporates OpenAI technology into its operating system. Musk was responding to Apple's partnership with OpenAI, which was announced at its annual developers conference on Monday.

Despite being a co-founder, Musk had stepped down from OpenAI board in 2018 over indifferences. In 2023, he established AI company X.AI Corp., doing business as xAI, whose first AI chatbot technology named Grok competes with OpenAI's ChatGPT. Musk, also the owner of brain interface startup Neuralink, recently raised $6 billion in a funding round for xAI.

read more
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After a positive start, the Switzerland market suffered a mild setback and slipped slightly below the flat line Thursday morning, but recovered swiftly and stayed firm thereafter to finally end the day's session modestly higher.
RTTNews | il y a 49 minutes
Major European Markets Close On Firm Note

Major European Markets Close On Firm Note

The major European markets closed higher on Thursday, with investors reacting positively to the Federal Reserve's rate cut and its comments suggesting more easing this year. The Bank of England left interest rates unchanged, as widely expected.
RTTNews | il y a 1h 17min
Technology Stocks Shine; TSX Up Nearly 0.5%

Technology Stocks Shine; TSX Up Nearly 0.5%

After opening marginally up, the Canadian market moved ahead Thursday morning, and remains firmly in positive territory a little before noon. Technology stocks have recovered from previous session's losses, contributing significantly to market's upmove.
RTTNews | il y a 3h 7min
U.S. Leading Economic Index Falls Much More Than Expected In August

U.S. Leading Economic Index Falls Much More Than Expected In August

Leading U.S. economic indicators fell by much more than expected in the month of August, according to a report released by the Conference Board on Thursday. The Conference Board said its leading economic index slid by 0.5 percent in August after inching up by a revised 0.1 percent in July. Economists had expected the leading economic index to edge down by 0.1 percent.
RTTNews | il y a 4h 13min
Philly Fed Index Surges To Eight-Month High In September

Philly Fed Index Surges To Eight-Month High In September

A report released by the Federal Reserve Bank of Philadelphia on Thursday said regional manufacturing activity expanded overall in the month of September. The Philly Fed said its diffusion index for current general activity spiked to a positive 23.2 in September from a negative 0.3 in August, with a positive reading indicating growth. Economists had expected the index to rise to a positive 2.3.
RTTNews | il y a 4h 55min
Bank Of England Holds Key Rate; Slows Quantitative Tightening

Bank Of England Holds Key Rate; Slows Quantitative Tightening

The Bank of England left its interest rate unchanged and softened its pace of quantitative tightening on Thursday, as policymakers were wary about risks to inflation in the U.K. The BoE Monetary Policy Committee, led by Governor Andrew Bailey, voted 7-2 to maintain the bank rate at 4.00 percent.
RTTNews | il y a 4h 55min
U.S. Weekly Jobless Claims Pull Back Off Nearly Four-Year High

U.S. Weekly Jobless Claims Pull Back Off Nearly Four-Year High

After reporting first-time claims for U.S. unemployment benefits climbed to a nearly four-year high in the previous week, the Labor Department released a report on Thursday showing initial jobless claims pulled back by more than expected in the week ended September 13th.
RTTNews | il y a 4h 59min