Elon Musk Drops Lawsuit Against OpenAI, Sam Altman

RTTNews | 540 days ago
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
UK Halifax House Prices Remain Flat In November

UK Halifax House Prices Remain Flat In November

UK house prices stagnated in November ahead of the Autumn budget announcement, data from the mortgage lender Halifax revealed Friday. House prices registered a nil growth in November after a 0.5 percent rise in October. Prices were forecast to climb 0.2 percent. Nonetheless, average property prices hit another new record high of GBP 299,892.
RTTNews | 1h 12min ago
Asian Shares Mixed; Japan Leads Losses

Asian Shares Mixed; Japan Leads Losses

Asian stocks ended mixed on Friday after three days of gains. Japanese markets led regional losses after government data showed household spending in the country unexpectedly slumped at the fastest pace in nearly two years in October.
RTTNews | 1h 59min ago
German Factory Orders Rise More Than Forecast

German Factory Orders Rise More Than Forecast

Germany's factory orders grew more than expected in October on robust domestic demand, official data revealed on Friday. Factory orders logged a monthly growth of 1.5 percent, Destatis said. Although the pace of growth softened from the revised 2.0 percent rise posted in September, it was much faster than economists' forecast of 0.3 percent.
RTTNews | 2h 35min ago
European Economic News Preview: German Factory Orders Data Due

European Economic News Preview: German Factory Orders Data Due

Factory orders from Germany and revised GDP from the euro area are due on Friday, headlining a busy day for the European economic news. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for October. Orders are forecast to climb 0.3 percent month-on-month, slower than the 1.1 percent increase seen in September.
RTTNews | 4h 46min ago
Australian Market Swings To Slight Gains In Mid-market

Australian Market Swings To Slight Gains In Mid-market

The Australian stock market is swinging to slight gains in mid-market moves on Friday, extending the gains in the previous three seasons, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 8,600 level, with gains in gold miners, financial and technology stocks.
RTTNews | 7h 24min ago