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OpenAI Century Lawsuit, Musk Loses

"OpenAI Century Lawsuit, Musk Loses: Jury Unanimously Rejects Elon Musk's $150 Billion Case" In a rapid verdict, a jury has unanimously dismissed Elon Musk's $150 billion lawsuit against OpenAI and its founders, Sam Altman and Greg Brockman. The case, centered on accusations of violating charitable trust and unjust enrichment, was rejected purely on procedural grounds: Musk filed the lawsuit too late. California law sets a three-year statute of limitations for such claims, and evidence showed Musk was aware of OpenAI's shift towards a for-profit model as early as 2021, yet did not sue until February 2024. The trial, spanning three weeks with testimony from numerous Silicon Valley figures, revealed internal details about OpenAI's founding and transition. Despite the legal loss for Musk, the trial exposed internal tensions and questions about governance. The ruling removes a major legal obstacle for OpenAI's planned trillion-dollar IPO. Meanwhile, the AI race intensifies, with both OpenAI (valuing GPT-5.5 and massive cloud compute deals) and Musk's xAI (preparing a SpaceX-xAI merger IPO and training multiple large models) on paths toward potential trillion-dollar valuations. Musk's legal team has announced plans to appeal.

marsbit05/19 03:01