OpenAI asked a federal judge in California on Friday to reject a request by billionaire Elon Musk to halt the ChatGPT maker’s conversion to a for-profit company. OpenAI also published a heap of emails and text messages with Musk on its website to argue that he initially backed for-profit status for OpenAI before walking away from the company after failing to get a majority equity stake and full control.
Musk, who was an OpenAI cofounder, has since launched a competing artificial intelligence company, xAI. The SpaceX CEO sued OpenAI, its CEO Sam Altman and others in August, claiming they violated contract provisions by putting profits ahead of the public good in the push to advance AI. In November, he asked U.S. District Judge Yvonne Gonzalez Rogers in Oakland for a preliminary injunction blocking OpenAI from converting to a for-profit structure.
A lawyer for Musk did not immediately respond to a request for comment on Friday. OpenAI's blog post said Musk "should be competing in the marketplace rather than the courtroom." Musk has since added Microsoft and others as defendants to his lawsuit, alleging OpenAI was scheming to sideline rivals and monopolize the market for generative artificial intelligence. OpenAI’s court filing denied any conspiracy to restrain AI market competition, and it said Musk's request for a preliminary injunction was based on "unsupported allegations."
In a separate court filing Microsoft on Friday said Microsoft and OpenAI "are independent companies that each pursue their own strategies and compete vigorously with each other and many others." Microsoft said its OpenAI partnership has "fueled innovation between them and others."
OpenAI started as a nonprofit in 2014 and has become the face of generative AI through billions of dollars in funding from Microsoft. In October, it closed a $6.6 billion funding round from investors, which could value the company at $157 billion.
Musk’s xAI earlier this month said it had raised about $6 billion in equity financing.
OpenAI is working on a plan to restructure its core business into a for-profit benefit corporation. The OpenAI nonprofit would own a minority stake in the for-profit company.
Rogers is scheduled to hear arguments on Musk's injunction bid on Jan. 14.
The race for humanoid robots heats up, as companies like Tesla and 1X push forward with AI-powered machines. One of the latest contenders, 1X’s NEO, promises to to assist with everything from cleaning to companionship.
Australia's competition watchdog said there was a need to revisit efforts to ensure greater choice for internet users, citing Google's dominant search engine market share and its competitors' failure to capitalise on the artificial intelligence boom.
The humanoid robot market is accelerating as AI and engineering advancements drive innovation. While challenges remain, experts foresee transformative impacts across industries, with major tech firms and start-ups heavily investing in this rapidly evolving field.
John Hopfield and Geoffrey Hinton Win 2024 Nobel Prize in Physics for Pioneering Work in Machine Learning
Kazakhstan unveils its energy strategy to 2035, focusing on renewables, grid upgrades, and nuclear power to cut coal reliance and emissions.
Prime Minister Justin Trudeau addressed internal turmoil within the Liberal Party after Finance Minister Chrystia Freeland resigned on December 17, fueling calls for his departure.
A SpaceX power outage disrupted mission control during a historic private spacewalk, raising concerns over safety, transparency, and potential conflicts of interest.
Honda and Nissan are exploring deeper collaboration, including a potential merger, to address growing competition from Tesla and Chinese EV makers. The move could create the world's third-largest automaker, reshaping Japan's automotive industry.
Negotiations at COP29 in Baku face a critical impasse as sharp divisions over climate finance and fossil fuel commitments threaten progress.
"Come up with the video in its full form," demands the COP29 CEO, Elnur Soltanov, in an exclusive interview with AnewZ. The chief executive has broken his silence on the claims he was using his position to organise potential fossil fuel deals.
Honda and Nissan are exploring deeper collaboration, including a potential merger, to address growing competition from Tesla and Chinese EV makers. The move could create the world's third-largest automaker, reshaping Japan's automotive industry.
Wall Street opened lower on Tuesday as investors turned cautious ahead of the Federal Reserve's interest rate decision, following strong retail sales data that signalled consumer resilience.
TikTok urges the US Supreme Court to block a looming ban, arguing the law violates free speech, as ByteDance faces a 19 January deadline to divest the app or face shutdown.
The U.S. dollar held close to a three-week peak against major currencies on Monday, as investors braced for a slew of central bank decisions expected this week. Markets are all but certain that the Federal Reserve will cut interest rates by 25 basis points on Wednesday, while also signaling a slower
Tesla CEO Elon Musk has reached another major milestone, with his net worth surpassing $400 billion. This achievement comes on the back of a significant rise in Tesla's stock this year and the growing valuation of his space exploration company, SpaceX.
Kazakhstan unveils its energy strategy to 2035, focusing on renewables, grid upgrades, and nuclear power to cut coal reliance and emissions.
Prime Minister Justin Trudeau addressed internal turmoil within the Liberal Party after Finance Minister Chrystia Freeland resigned on December 17, fueling calls for his departure.
A SpaceX power outage disrupted mission control during a historic private spacewalk, raising concerns over safety, transparency, and potential conflicts of interest.
Honda and Nissan are exploring deeper collaboration, including a potential merger, to address growing competition from Tesla and Chinese EV makers. The move could create the world's third-largest automaker, reshaping Japan's automotive industry.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment