Morning Brief - 10 August 2026
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 10th of August, covering the latest developments....
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing that the companies profited unfairly from his early support of the artificial intelligence firm, according to a court filing made public on Friday.
In the filing submitted to a federal court ahead of a trial expected to begin in April, Musk said OpenAI gained between $65.5 billion and $109.4 billion from his contributions when he co-founded the organisation in 2015, while Microsoft gained between $13.3 billion and $25.1 billion.
Musk’s lawyer, Steven Molo, said the entrepreneur provided most of OpenAI’s seed funding, lent his reputation to the project and helped the company scale. Musk says he contributed around $38 million, representing roughly 60% of OpenAI’s early funding, and helped recruit staff and connect the founders with key contacts.
OpenAI rejected the claim, calling it an “unserious demand” and part of what it described as a harassment campaign by Musk. Microsoft did not respond to a request for comment on the compensation being sought.
Musk, who left OpenAI in 2018 and now runs rival AI company xAI, alleges that OpenAI violated its founding mission by restructuring into a for-profit entity. OpenAI has described the lawsuit as baseless, while a Microsoft lawyer has said there is no evidence the company aided or abetted any wrongdoing.
A judge in Oakland, California, ruled earlier this month that the case will be heard by a jury. Musk’s filing argues that the “wrongful gains” earned by OpenAI and Microsoft far exceed his original investment and that he is entitled to recover them. The damages calculations were prepared by Musk’s expert witness, financial economist C. Paul Wazzan.
Musk is also seeking possible punitive damages and other remedies, including an injunction, though the filing does not specify what form such an order would take.
In a separate filing, OpenAI and Microsoft asked the court to limit what Musk’s expert can present to jurors, arguing that the analysis is unreliable, unverifiable and could mislead the jury. The companies said the damages claims amount to an implausible attempt to transfer billions of dollars from a nonprofit organisation to a former donor who is now a competitor.
An agreement between Iran and the U.S. to reopen the Strait of Hormuz is expected "soon," a U.S. official has said. The deal would result in the resumption of commercial shipping through the sea passage and the lifting of an American naval blockade on Iranian ports.
A deal on a new route for vessels through the Strait of Hormuz is "very close," Iranian Foreign Minister Abbas Araghchi has said, while warning that the reopening of the waterway depends on the U.S. meeting other conditions, including paying compensation to Iran.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 9th of August, covering the latest developments.
Ukrainian President Volodymyr Zelenskyy said Ukraine is increasingly penetrating Russia's air-defence network, as both sides stepped up overnight strikes on energy, logistics and port infrastructure.
Typhoon Dolphin lashed Japan’s southern Okinawa prefecture on Saturday, injuring six people, disrupting flights and leaving more than 50,000 buildings without power, as China shut ports and suspended transport services ahead of the storm’s expected arrival on its east coast.
U.S. data analytics firm Palantir Technologies has reported a 93 per cent year-on-year jump in second-quarter revenue, even as the company faces continued criticism over its work with Israel's military and allegations linking its technology to the war in Gaza.a.
Rising trade across the Caspian Sea is strengthening Georgia’s role as a logistics hub and could help the country develop higher-value industries, according to the Asian Development Bank (ADB).
Ford raised its full-year earnings forecast after reporting stronger-than-expected second-quarter adjusted profit, as resilient demand for its vehicles and operational improvements helped offset tariff-related costs.
SK Hynix reported record quarterly profit on Wednesday, but its shares slumped 10 per cent after the South Korean chipmaker fell short of investor expectations built around the artificial intelligence (AI) boom.
Oil prices have fallen more than six per cent as a pause in U.S.-Iran hostilities eased fears of wider supply disruption around the Gulf.
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