Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

RTTNews | il y a 546
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
Singapore Shares Likely To Remain Rangebound

Singapore Shares Likely To Remain Rangebound

The Singapore stock market ticked lower again on Wednesday, one day after ending the three-day slide in which it had slipped almost 50 points or 1.2 percent. The Straits Times Index now sits just above the 4,510-point plateau although it may move back to the upside again on Thursday.
RTTNews | il y a 1h 19min
Malaysia Bourse May Reverse Wednesday's Losses

Malaysia Bourse May Reverse Wednesday's Losses

The Malaysia stock market headed south again on Wednesday, one day after ending the four-day losing streak in which it had given up more than 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,610-point plateau although it may tick higher again on Thursday.
RTTNews | il y a 1h 49min
Renewed Support Anticipated For Japan Stock Market

Renewed Support Anticipated For Japan Stock Market

The Japanese stock market on Wednesday ended the two-day winning streak in which it had risen more than 160 points or 0.3 percent. The Nikkei 225 now sits just above the 50,600-point plateau although it's expected to bounce higher again on Thursday.
RTTNews | il y a 2h 4min
South Korea Shares Due For Support On Thursday

South Korea Shares Due For Support On Thursday

The South Korea stock market has moved lower in back-to-back sessions, falling almost 20 points or 0.5 percent in that span. The KOSPI now sits just above the 4,135-point plateau although it may find traction on Thursday.
RTTNews | il y a 2h 19min
Swiss Market Settles Marginally Down

Swiss Market Settles Marginally Down

After a weak start and a subsequent to lower levels, the Switzerland market recovered most of the lost ground on Wednesday thanks to selective buying at a few frontline counters. Investors awaited the Swiss National Bank's interest rate decision due on Thursday.
RTTNews | il y a 6h 9min