OpenAI can’t fend off Musk’s fraud claims in restructuring suit

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A judge narrowed the claims that Elon Musk can pursue in his lawsuit alleging that OpenAI broke its promise to function as a public charity by making plans to transform itself into a for-profit business.
US District Judge Yvonne Gonzalez Rogers in Oakland, California, on Thursday ruled that fraud claims can proceed against OpenAI in the suit filed last year by the world’s richest person. She also declined to dismiss some claims against Microsoft Corp., a major investor in the generative artificial intelligence startup, but she threw out claims…



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OpenAI can’t fend off Musk’s fraud claims in restructuring suit


A judge narrowed the claims that Elon Musk can pursue in his lawsuit alleging that OpenAI broke its promise to function as a public charity by making plans to transform itself into a for-profit business.
US District Judge Yvonne Gonzalez Rogers in Oakland, California, on Thursday ruled that fraud claims can proceed against OpenAI in the suit filed last year by the world’s richest person. She also declined to dismiss some claims against Microsoft Corp., a major investor in the generative artificial intelligence startup, but she threw out claims…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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