Close Menu
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
What's Hot

Oil loses ground amid pessimism about Trump’s tariff impact

July 10, 2025

Market volatility recedes as investors brush off Donald Trump’s tariff threats

July 10, 2025

China blasts ‘immoral’ US trade practices, courts Asean on free trade unity, stability

July 10, 2025
Facebook X (Twitter) Instagram
Thursday, July 10
Facebook X (Twitter) Instagram
World Economist – Global Markets, Finance & Economic Insights
  • Home
  • Economist Impact
    • Economist Intelligence
    • Finance & Economics
  • Business
  • Asia
  • China
  • Europe
  • Economy
  • USA
    • Middle East & Africa
    • Highlights
  • This week
  • World Economy
    • World News
World Economist – Global Markets, Finance & Economic Insights
Home » Judge denies Musk’s bid to block OpenAI’s for-profit shift
Middle East & Africa

Judge denies Musk’s bid to block OpenAI’s for-profit shift

adminBy adminMarch 5, 2025No Comments3 Mins Read
Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
Share
Facebook Twitter Pinterest Email Copy Link
Post Views: 67


Tesla’s CEO accuses OpenAI of straying from its mission to prioritize corporate gain over humanity

A U.S. judge has rejected billionaire Elon Musk’s plea for a preliminary injunction to halt OpenAI’s shift to a for-profit model, while also agreeing to expedite a trial set for this fall. This marks the latest development in the high-stakes legal battle.

Musk does not meet “the high burden required for a preliminary injunction” to prevent OpenAI’s conversion, stated U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California. However, Rogers emphasized in her order that she aims to resolve the lawsuit swiftly due to “the public interest at stake and potential for harm if a conversion contrary to law occurred.”

Yearlong legal battle

Musk and OpenAI, which he co-founded as a nonprofit in 2015 but departed before its rapid growth, have been engaged in a yearlong legal struggle. The CEO of Tesla and X social media accuses OpenAI of deviating from its original mission—to develop artificial intelligence for the benefit of humanity rather than for corporate gain.

OpenAI and its CEO Sam Altman have firmly denied these allegations. The lawsuit’s outcome is pivotal for the ChatGPT creator’s transition to a for-profit model, which OpenAI views as essential for securing additional funding and remaining competitive in the costly AI arena.

Read more: Elon Musk’s bid for OpenAI rejected: What’s next for the AI giant?

OpenAI welcomes decision

OpenAI further expressed approval of the judge’s ruling on Tuesday, asserting that Musk’s lawsuit, initiated after he launched rival startup xAI in 2023, has “always been about competition.” Microsoft‘s backing of OpenAI has not elicited a response to requests for comments.

Marc Toberoff, Musk’s attorney, conveyed satisfaction that the judge “offered an expedited trial on the core claims driving this case.” He added, “We look forward to a jury confirming that Altman accepted Musk’s charitable contributions knowing full well they had to be used for the public’s benefit rather than his own enrichment.”

This ruling comes just weeks after Altman turned down a $97.4 billion unsolicited takeover proposal from a Musk-led consortium with a curt “no thank you.” Altman, who has stated that OpenAI is not for sale, claims that Musk has been attempting to hinder a competitor.

Funding talks and valuations

In related news, SoftBank Group is reportedly negotiating to spearhead a funding round of up to $40 billion in OpenAI, aiming for a valuation of $300 billion, as reported by Reuters in January. This potential valuation would significantly overshadow the $75 billion figure that xAI has been discussing in its recent fundraising efforts.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
admin
  • Website

Related Posts

Middle East & Africa

Rescue bid launched for hundreds trapped in South African gold mine | Mining News

May 23, 2025
Middle East & Africa

DRC’s conflict demands a new peace model rooted in inclusion and reform | Conflict

May 23, 2025
Middle East & Africa

DR Congo strips ex-President Kabila of immunity | Armed Groups News

May 23, 2025
Middle East & Africa

Will the United States deport people to Rwanda? | Refugees News

May 23, 2025
Middle East & Africa

‘Tortured’ Ugandan activist dumped at border following arrest in Tanzania | Politics News

May 23, 2025
Middle East & Africa

Trump’s Ramaphosa ‘ambush’: Key takeaways from heated White House meeting | Donald Trump News

May 22, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Finance minister urges population as key criterion in NFC Award formula – Business & Finance

July 10, 2025

Pakistan eyes $1bn valuation in Roosevelt Hotel redevelopment plan, source says – Pakistan

July 10, 2025

OpenAI to release web browser in challenge to Google Chrome – Technology

July 10, 2025

Intra-day update: rupee sees slight gain against US dollar – Markets

July 10, 2025
Latest Posts

PSX hits all-time high as proposed ‘neutral-to-positive’ budget well-received by investors – Business

June 11, 2025

Sindh govt to allocate funds for EV taxis, scooters in provincial budget: minister – Pakistan

June 11, 2025

US, China reach deal to ease export curbs, keep tariff truce alive – World

June 11, 2025

Subscribe to News

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Recent Posts

  • Oil loses ground amid pessimism about Trump’s tariff impact
  • Market volatility recedes as investors brush off Donald Trump’s tariff threats
  • China blasts ‘immoral’ US trade practices, courts Asean on free trade unity, stability
  • Foreign funds seen tripling Chinese bond holdings with Bond Connect tweaks, Asifma says
  • Foreign funds seen tripling Chinese bond holdings with Bond Connect tweaks, Asifma says

Recent Comments

No comments to show.

Welcome to World-Economist.com, your trusted source for in-depth analysis, expert insights, and the latest news on global finance and economics. Our mission is to provide readers with accurate, data-driven reports that shape the understanding of economic trends worldwide.

Latest Posts

Oil loses ground amid pessimism about Trump’s tariff impact

July 10, 2025

Market volatility recedes as investors brush off Donald Trump’s tariff threats

July 10, 2025

China blasts ‘immoral’ US trade practices, courts Asean on free trade unity, stability

July 10, 2025

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Subscribe my Newsletter for New Posts & tips Let's stay updated!

Archives

  • July 2025
  • June 2025
  • May 2025
  • April 2025
  • March 2025
  • February 2025
  • January 2025
  • December 2024
  • June 2024
  • October 2022
  • March 2022
  • July 2021
  • February 2021
  • January 2021
  • November 2019
  • April 2011
  • January 2011
  • December 2007
  • July 2007

Categories

  • AI & Tech
  • Asia
  • Banking
  • Business
  • Business
  • China
  • Climate
  • Computing
  • Economist Impact
  • Economist Intelligence
  • Economy
  • Editor's Choice
  • Europe
  • Europe
  • Featured
  • Featured Business
  • Featured Climate
  • Featured Health
  • Featured Science & Tech
  • Featured Travel
  • Finance & Economics
  • Health
  • Highlights
  • Markets
  • Middle East
  • Middle East & Africa
  • Middle East News
  • Most Viewed News
  • News Highlights
  • Other News
  • Politics
  • Russia
  • Science
  • Science & Tech
  • Social
  • Space Science
  • Sports
  • Sports Roundup
  • Tech
  • This week
  • Top Featured
  • Travel
  • Trending Posts
  • Ukraine Conflict
  • Uncategorized
  • US Politics
  • USA
  • World
  • World & Politics
  • World Economy
  • World News
© 2025 world-economist. Designed by world-economist.
  • Home
  • About Us
  • Advertise With Us
  • Contact Us
  • DMCA
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.