AI Film Festival puts cutting-edge tech in the spotlight
]The third annual AI Film Festival opened Thursday night in New York, offering a glimpse into what artificial intelligence can now do on the big screen.
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.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 8th, covering the latest developments you need to know.
Presidential candidate Miguel Uribe Turbay is in critical condition after being shot three times — including twice in the head — during a campaign event in Bogotá.
Mexican President Claudia Sheinbaum has condemned U.S. immigration raids and National Guard deployment in Los Angeles, calling for reforms instead of enforcement.
A 30-year-old woman was shot by police in Munich on Saturday evening after stabbing two people at Theresienwiese, a central park best known for hosting Oktoberfest.
Israel’s military says it has identified the body of top Hamas commander Mohammed Sinwar beneath a hospital in southern Gaza.
Japanese hotelier Metaplanet aims to raise $5.4 billion to dramatically expand its Bitcoin holdings to 210,000 BTC by 2027, eyeing 1% of total supply. Shares surged 15% as it mirrors MicroStrategy's successful pivot, becoming a "Bitcoin treasury company" with a "Bitcoin Hotel" set to open in 2026.
British chip designer Alphawave is set to be acquired by U.S. semiconductor giant Qualcomm in a $2.4 billion deal, marking another major loss for the London Stock Exchange as tech firms continue shifting to U.S. markets in search of higher valuations.
A number of French companies are facing restructurings due to economic challenges, a situation that has garnered interest from hedge funds specialising in distressed debt.
Global food commodity prices experienced a notable decline in May, driven by significant drops in the cost of grains, sugar, and vegetable oils, the United Nations' Food and Agriculture Organization (FAO) reported on Friday.
Germany’s new government has launched a major program aimed at boosting investment and helping Europe’s largest economy recover after two years of decline.
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