Elon Musk wins $10b+ settlement against Altman/OpenAI?
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A jury unanimously dismissed Musk's charges against OpenAI, ruling that his lawsuit against the company and its CEO Altman was time-barred.
Musk loses to ChatGPT creator After three weeks of court hearings and reviewing testimony, the jury in Elon Musk's lawsuit against OpenAI executives announced that Sam Altman and Greg Brockman are not responsible for the allegations made. According to the jury's verdict, Musk filed his lawsuit after the statute of limitations had expired. In 2024, Musk sued OpenAI executives, claiming they had taken over a charitable foundation after he left the artificial intelligence lab in 2018. The main focus of the dispute was the change in structure of OpenAI from a non-profit organization to a public benefit corporation, a change that Musk considered contrary to the initial agreements of the group. @Farsna - Link [in reply to: Elon Musk's historic trial begins against ChatGPT owner According to Reuters, the trial of Elon Musk's lawsuit against Sam Altman, CEO of OpenAI, has officially begun and has attracted widespread attention. In this case, Musk said that OpenAI (ChatGPT's parent company) had deviated from its original mission and that transforming the company into a commercial entity was against the fundamental principles of its founding. @Farsna - Link]
[#Musk loses lawsuit against OpenAI#, #OpenAI may clear IPO hurdles#] A federal jury in Oakland, California, unanimously ruled on Monday that Elon Musk's lawsuit against OpenAI and its CEO Sam Altman was time-barred. The three-week trial was widely seen as a pivotal moment in determining the future of OpenAI and the entire artificial intelligence industry, concerning the application of AI and the allocation of profits. This ruling removes a major obstacle to OpenAI's initial public offering (IPO), which could value the company at $1 trillion. Musk subsequently stated he would appeal and again accused Altman and OpenAI President Greg Brockman of using OpenAI as a tool for financial gain. (First Financial Daily reporter Fan Zhijing)
TODAY: Elon Musk says he will file an appeal with the Ninth Circuit after a court dismissed his case against OpenAI.
A California jury unanimously dismissed Elon Musk's lawsuit against OpenAI and Sam Altman on the grounds that Musk had failed to file a claim within the statute of limitations.
Elon Musk’s lawyer, Marc Toberoff, on today’s verdict in the OpenAI case: • • “I have a one-word reaction: Appeal. This war is not over. We firmly believe what happened with OpenAI was wrong on a very basic level that you can't raise millions of dollars in a publicly subsidized charity, and when it suits you, just turn into a for-profit operation where the officers and directors of the charity enrich themselves to the tune of billions, and that's what actually happened here, and that's just wrong."
All of Musk’s claims in lawsuit against OpenAI dismissed in federal trial
American billionaire Elon Musk loses his lawsuit against Sam Altman and OpenAI after a dispute over the company's future. Al-Hadath Channel
Jury Rejects Musk’s Claims Against OpenAI
A federal jury has sided with OpenAI and its top executives in a feud with Elon Musk, who accused them of betraying a shared vision for it to guide artificial intelligence’s development as a nonprofit dedicated to humanity’s benefit. MORE:
Elon Musk vows to appeal OpenAI verdict, saying there's 'no question' Sam Altman enriched himself
Musk says he’ll appeal’s today’s loss v. OpenAI, as the suit was decided not on merit but the expired statute of limitations
*MUSK SAYS WILL APPEAL OPENAI TRIAL VERDICT WITH NINTH CIRCUIT
MUSK: WILL FILE APPEAL WITH NINTH CIRCUIT ON OPENAI VERDICT; SAYS JUDGE & JURY NEVER RULED ON MERITS OF CASE, ONLY ON "CALENDAR TECHNICALITY" ...
MUSK: WILL FILE APPEAL WITH NINTH CIRCUIT ON OPENAI VERDICT; SAYS JUDGE & JURY NEVER RULED ON MERITS OF CASE, ONLY ON "CALENDAR TECHNICALITY"
BREAKING: Elon Musk comments on his lawsuit against OpenAI being dismissed by a California court: • • "This illustrates why the ruling by the terrible activist Oakland judge, who simply used the jury as a fig leaf, creates such a terrible precedent. She just handed out a free license to loot charities if you can keep the looting quiet for a few years," he says. • • Musk says he will be filing an appeal with the Ninth Circuit.
MUSK ON OPENAI VERDICT: I WILL BE FILING AN APPEAL WITH THE NINTH CIRCUIT ...
MUSK ON OPENAI VERDICT: I WILL BE FILING AN APPEAL WITH THE NINTH CIRCUIT
MUSK ON OPENAI VERDICT: I WILL BE FILING AN APPEAL WITH THE NINTH CIRCUIT
Regarding the OpenAI case, the judge & jury never actually ruled on the merits of the case, just on a calendar technicality. • • There is no question to anyone following the case in detail that Altman & Brockman did in fact enrich themselves by stealing a charity. The only question is WHEN they did it! • • I will be filing an appeal with the Ninth Circuit, because creating a precedent to loot charities is incredibly destructive to charitable giving in America. • • OpenAI was founded to benefit all of humanity.
looks like musk has a reaction to the loss... • • (his line about no charity being safe ever again if this were allowed to go through was a familiar refrain in court) • •
OpenAI wins lawsuit against Musk, moving forward with IPO; federal district court dismisses lawsuit over company establishment.
A U.S. jury in Oakland, California, ruled against Elon Musk, finding OpenAI not liable for allegedly straying from its original mission. • • More Here →
Elon Musk’s case against OpenAI dismissed after just two hours of jury deliberations
Federal Court Dismisses Elon Musk's Lawsuit Against OpenAI, Sam Altman As Jury Says He Took To Long To File Suit. • A federal court on Monday dismissed the lawsuit Elon Musk filed against OpenAI and its leadership, saying he took too long to do so.
Elon Musk has lost his case against OpenAI and Sam Altman
Jury rejects Musk’s claims against Sam Altman over OpenAI Founding
What is this event about?
This market will resolve to "Yes" if Elon Musk is awarded or receives at least $10,000,000,000 USD in the initial trial of Musk v. Altman et al., Case No. 4:24-cv-04722-YGR (U.S. District Court, Northern District of California), by 11:59 PM ET on December 31, 2026. Otherwise, this market will resolve to "No".
Qualifying amounts include monetary damages or payments awarded via jury verdict, court judgment, or settlement reached during or prior to the initial trial proceedings. Only cash or cash-equivalent compensation payable to Elon Musk (or entities controlled by him) will be counted. Non-monetary relief will not count.
If a mistrial is declared, or if the initial trial concludes without Elon Musk receiving at least $10,000,000,000 USD, this market will resolve to "No". Any retrial, appeal, or subsequent proceedings will not be considered for this market.
If Elon Musk is awarded or receives at least $10,000,000,000 USD during the initial trial proceedings, this market will immediately resolve to "Yes".
The primary resolution source will be official information from the U.S. court system. A consensus of credible reporting may also be used.