Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

RTTNews | il y a 411
Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

(RTTNews) - Elon Musk, the founder and CEO of Tesla and SpaceX, moved to dismiss his lawsuit against artificial intelligence or AI startup OpenAI and its CEO Sam Altman.

According to a filing in San Francisco Superior Court, Musk's attorneys asked the California state court to dismiss the lawsuit against the ChatGPT maker without citing a reason.

Musk, who co-founded OpenAI in 2015, had filed the lawsuit earlier this year alleging that the firm is developing AI for profitability instead of its foundational mission of utilizing it for the benefit of humankind.

Musk, in his lawsuit against the company and its co-founders Altman and Greg Brockman, who is currently its president, had sought a jury trial, and to pay back any profit they received from the business.

In response, OpenAI, the developer of generative chatbot ChatGPT, had filed a motion to dismiss the case, of which a hearing had been scheduled for Wednesday. OpenAI had fought back against Musk's claims, calling them incoherent and frivolous.

OpenAI also had published a blog post containing many of Musk's emails from OpenAI's initial days. As per the emails, Musk acknowledged the need for the company to make huge money to fund the computing resources so as to power its AI ambitions, which was in contrast to his allegations in the lawsuit.

The move comes as Musk, in a series of posts on his social media platform X, threatened to ban Apple devices from his companies if the tech major incorporates OpenAI technology into its operating system. Musk was responding to Apple's partnership with OpenAI, which was announced at its annual developers conference on Monday.

Despite being a co-founder, Musk had stepped down from OpenAI board in 2018 over indifferences. In 2023, he established AI company X.AI Corp., doing business as xAI, whose first AI chatbot technology named Grok competes with OpenAI's ChatGPT. Musk, also the owner of brain interface startup Neuralink, recently raised $6 billion in a funding round for xAI.

read more
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming is early losses in mid-market trading on Tuesday, reversing the slight gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,700 level, with weakness in financial and technology stocks partially offset by some gains in energy stocks.
RTTNews | il y a 27 minutes
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the U.S. interest rate decision later in the week and as they await the outcome of the U.S.-China trade talks. Meanwhile, several European leaders voiced concerns over the EU-U.S. trade deal, calling it 'lopsided' and 'unsustainable'.
RTTNews | il y a 34 minutes
Thai Shares Likely To Remain Rangebound

Thai Shares Likely To Remain Rangebound

Ahead of Monday's holiday for King Maha's birthday, the Thai stock market had alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had spiked more than 50 points or 4.1 percent. The Stock Exchange of Thailand now sits just above the 1,215-point plateau and it's expected to remain in that neighborhood again on Tuesday.
RTTNews | il y a 1h 50min
Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, extending the losses in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling well above the 39,700 level, with weakness across all sectors led by automakers, exporters and financial stocks.
RTTNews | il y a 2h 19min
Win Streak May End For Indonesia Stock Market

Win Streak May End For Indonesia Stock Market

The Indonesia stock market has moved higher in four straight sessions, advancing more than 260 points or 2.8 percent along the way. The Jakarta Composite Index now sits just above the 7,610-point plateau although investors are likely to cash in on Tuesday.
RTTNews | il y a 2h 20min
Hong Kong Shares Tipped To Open Under Pressure

Hong Kong Shares Tipped To Open Under Pressure

The Hong Kong stock market rebounded on Monday, one session after ending the five-day winning streak in which it had rallied almost 1,300 points or 5.1 percent. The Hang Seng Index now sits just above the 25,560-point plateau although it may hand back those gains on Tuesday.
RTTNews | il y a 2h 35min
China Shares May Head South Again On Tuesday

China Shares May Head South Again On Tuesday

The China stock market moved back to the upside again on Monday, one session after halting the six-day winning streak in which it had advanced more than 100 points or 2.8 percent. The Shanghai Composite Index now sits just beneath the 3,600-point plateau although it may spin its wheels again on Tuesday.
RTTNews | il y a 2h 50min