Elon Musk Calls Himself “Fool” In OpenAI Lawsuit, Demands $180B

The News Chronicle
Elon Musk sued OpenAI, claiming it broke its nonprofit promise and demanded $180 billion in damages.

Summary

During a federal trial in Oakland, Elon Musk testified that he regrets funding OpenAI, calling himself “a fool” for providing free capital to a startup that he now believes strayed from its original nonprofit mission. Musk argues that OpenAI’s shift toward a profit-driven structure, backed by commercial partnerships like Microsoft, violated the terms of his support. He is seeking to reverse the for-profit structure, remove Sam Altman and Greg Brockman from leadership, and award damages exceeding $180 billion, with the funds redirected to the nonprofit side of the organization. OpenAI’s legal team counters that Musk was aware the structure could evolve and that the lawsuit stems from his departure in 2018 and the subsequent launch of his own AI company, xAI. The trial also examines broader questions about how nonprofit AI labs can legally convert into commercial entities and how early donors’ expectations are treated in court.

(Source:The News Chronicle)

The Philadelphia Inquirer

Five South Jersey municipalities agree to settlement in class-action lawsuit over vacant property fees

TNW

xAI says the First Amendment protects the right to build ‘nudify’ tools

The National

Daily Mail seeks $13 million interim payment after Prince Harry loses lawsuit

Insurance Journal

Viewpoint: French Climate Lawsuit Offers Window Into Next Round of Global Legal Fight

Lawtimesnews

Superior Court sets 19.9 percent interest on portion of $1M personal injury settlement

Newsfilecorp

Rain Protocol Foundation Commits $23 Million to Buy Back and Burn $RAIN in First DAO-Executed Settlement

News 18

Adani Enterprises posts quarterly loss on OFAC settlement, reports record EBITDA

Majorca Daily Bulletin

Mallorca protesters considering class-action lawsuit against the police

Insurance Journal

Great American Escapes Coverage for Grocery’s Opioid Litigation Settlement

Telecomliveweb

What made California’s largest AI datacenter that had promised not to use Colorado River water to file lawsuit to access 280 million gallons of river water meant for farming

Thisdaylive

Johnson & Johnson to Pay $5.5bn Settlement over Baby Powder Lawsuits – THISDAYLIVE

The Economic Times

EBay agrees to $55.7 million settlement over harassment campaign

Fox Business

Costco shoppers may be eligible for large payout after multi-million dollar email settlement

Inquirer

Johnson & Johnson offers $5.5 billion to settle talc lawsuit

New York Post

Costco class action lawsuit settlement could earn affected customers $500