Tag: charitable trust

A federal jury in Oakland rejected Elon Musk's lawsuit against OpenAI co‑founders Sam Altman and Greg Brockman, finding the case weak and filed too late. Musk, who accused the duo of breaching a charitable trust and unjust enrichment, called the judge a “terrible activist” on social media before announcing plans to appeal. The verdict also highlighted testimony that Musk had asked OpenAI researchers to assist Tesla’s autopilot team without reimbursement, underscoring the blurred lines between the nonprofit's mission and Musk’s for‑profit interests. Leggi di più

A nine‑person California jury has begun deliberations in the lawsuit filed by Elon Musk against OpenAI, its co‑founders and Microsoft. The jurors must decide whether OpenAI breached a charitable‑trust agreement, unjustly enriched its leaders, and whether Microsoft aided that breach. OpenAI argues the case is barred by statutes of limitations, that Musk delayed his claim unreasonably, and that his own conduct disqualifies him. A verdict could reshape the organization’s for‑profit arm and its relationship with major investors. Leggi di più

Elon Musk has filed a new motion in his lawsuit against OpenAI, asking the court to replace the previously ordered remedies with a plan that would return profits to the nonprofit he founded and remove Sam Altman from the board. A judge rejected Musk’s argument that the case allows continuous accrual of damages, warning that such a theory would let donors sue indefinitely. Musk claims OpenAI betrayed its charitable mission, turning into a profit‑driven venture for its executives and investors. The trial, set to begin this month, will determine whether the jury accepts Musk’s proposed remedies. Leggi di più