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techtimes.com
OpenAI Jury To Begin Deliberations Monday as Judge Weighs Altman ...

A nine-person jury in Oakland will begin deliberating Monday on whether OpenAI CEO Sam Altman and president Greg Brockman violated charitable-trust law when they converted the nonprofit AI lab they co-founded with Elon Musk into a $500-billion for-profit corporation — a verdict that could force the unwinding of that restructure and remove both executives from their roles at the company behind ChatGPT, which 700 million people use every week.Closing arguments concluded Thursday at the Ronald V. Dellums Federal Building in Oakland before U.S. District Judge Yvonne Gonzalez Rogers, who retains sole authority to issue a binding ruling. Simultaneously, starting Monday, she will open a parallel remedies phase to consider potential damages and structural penalties — including the removal of Altman and Brockman — if OpenAI is found liable.Musk's Lawyer: Five Witnesses Called Altman a LiarMusk's lead counsel, Steven Molo, told jurors that five witnesses — including Musk himself, former OpenAI board members, and former chief scientist Ilya Sutskever — had testified that Altman was dishonest. Molo used a pointed image in his close: asking jurors whether they would cross a wooden bridge suspended 150 feet above a gorge if it had been built on "Sam Altman's version of the truth.""Sam Altman's credibility is directly at issue in this case," Molo told the jury. "If you don't believe him, they cannot win."Molo argued that Altman and Brockman had stripped OpenAI's nonprofit of intellectual property and personnel since establishing a for-profit subsidiary in 2019, enriching insiders and investors — including Microsoft, which now holds a 27-percent stake in OpenAI valued at approximately $135 billion — at the expense of Musk, who donated roughly $38 million in OpenAI's early years. Molo also challenged Brockman directly, citing his testimony that his personal OpenAI stake is worth close to $30 billion: "The arrogance, the lack of sensitivity, the failure to account for just common decency is really, really abhorrent."OpenAI: "He Wanted to Dominate It" — and Filed Too LateOpenAI's attorneys Sarah Eddy and William Savitt offered a sharply different account. Eddy told the jury that Musk had wanted a for-profit AI company all along — one that he personally controlled. "The truth is that Mr. Musk wanted a for-profit AI, and he wanted to dominate it," she said, arguing that the other co-founders had refused to hand him control of artificial general intelligence. Savitt accused Mus...

techtimes.com
bizjournals.com
Elon Musk trial might just be 'speed bump' on OpenAI's path to IPO

A judge will soon decide whether Elon Musk's lawsuit against OpenAI over its nonprofit-to-for-profit shift affects the AI lab's planned trillion-dollar IPO.

bizjournals.com
news.bloomberglaw.com
Musk, Altman Make Final Pitches to Jury in Battle Over OpenAI

A jury will soon cast a vote and a judge will ultimately decide the outcome of a high-stakes showdown between Elon Musk and Sam Altman over OpenAI, the artificial intelligence startup they founded together more than a decade ago. Lawyers made final arguments Thursday in federal court in Oakland, California, following about two weeks of testimony from the dueling entrepreneurs and other key ...

news.bloomberglaw.com
benzinga.com
Elon Musk-OpenAI Court Battle Enters Jury Phase - Benzinga

The first phase of the Elon Musk vs. OpenAI trial wrapped in federal court in Oakland, California, as both sides presented closing arguments before a jury now set to weigh claims over alleged ...

benzinga.com