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Elon Musk files for injunction to halt OpenAI's transition to a for-profit (techcrunch.com)

submitted 8 months ago by BrikoX@lemmy.zip to c/legalnews@lemmy.zip

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Attorneys for tech billionaire Elon Musk have filed for a preliminary injunction against OpenAI, several of its co-founders, and its investor and close collaborator, Microsoft, to prevent OpenAI and other named defendants from engaging in what Musk’s counsel claims is anticompetitive behavior.

Case file: https://storage.courtlistener.com/recap/gov.uscourts.cand.433688/gov.uscourts.cand.433688.46.0.pdf

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[–] Blue_Morpho@lemmy.world 25 points 8 months ago* (last edited 8 months ago) (1 children)

So if I'm reading this correctly, Musk is arguing that because he is a minority shareholder of OpenAI, OpenAI can't do anything would diminish the value of his other company, xAI.

I think I should buy a share of Tesla stock, incorporate an EV car company ( it doesn't need to be profitable because neither xAI nor OpenAI are profitable), then sue Tesla on the grounds that Tesla can't be allowed to profit because that will hurt my company.

(For reference the suit lists Musk's $10m investment in OpenAI whereas MS has invested $13B.)

[–] atzanteol@sh.itjust.works 11 points 8 months ago

Sure, just have that team of lawyers you have on retainer go ahead and file it for you