That was fast. After lower than two hours of deliberations, a jury handed Sam Altman a decisive victory over Elon Musk—and cleared the way in which for OpenAI’s large IPO later this 12 months.
The nine-person jury discovered that Musk filed his lawsuit in 2024 however knew concerning the alleged misconduct again in 2021, that means he blew previous the three-year statute of limitations. Musk accused Sam Altman and OpenAI of violating the corporate’s founding mission as a charitable group by changing it right into a for-profit operation. He sought $150 billion in damages.
The three-week trial turned ugly. Musk overtly clashed with OpenAI’s lawyer and accused him of mendacity, whereas Musk’s legal professional grilled Sam Altman about accusations from former board members alleging dishonesty and poor administration.
Regardless of the dangerous blood, the decision frees Altman to pursue what might be one of many largest IPOs in historical past. OpenAI raised $122 billion in March at an $850 billion valuation, and the corporate now faces no authorized obstacles to its public debut. For Musk, who launched rival AI lab xAI in 2023, the loss represents a pricey strategic miscalculation—ready three years to problem a deal he claims violated OpenAI’s founding mission.
That was fast. After lower than two hours of deliberations, a jury handed Sam Altman a decisive victory over Elon Musk—and cleared the way in which for OpenAI’s large IPO later this 12 months.
The nine-person jury discovered that Musk filed his lawsuit in 2024 however knew concerning the alleged misconduct again in 2021, that means he blew previous the three-year statute of limitations. Musk accused Sam Altman and OpenAI of violating the corporate’s founding mission as a charitable group by changing it right into a for-profit operation. He sought $150 billion in damages.
The three-week trial turned ugly. Musk overtly clashed with OpenAI’s lawyer and accused him of mendacity, whereas Musk’s legal professional grilled Sam Altman about accusations from former board members alleging dishonesty and poor administration.
Regardless of the dangerous blood, the decision frees Altman to pursue what might be one of many largest IPOs in historical past. OpenAI raised $122 billion in March at an $850 billion valuation, and the corporate now faces no authorized obstacles to its public debut. For Musk, who launched rival AI lab xAI in 2023, the loss represents a pricey strategic miscalculation—ready three years to problem a deal he claims violated OpenAI’s founding mission.
