Elon Musk's legal team has filed a new motion seeking a preliminary injunction against OpenAI's transition to a for-profit venture, claiming antitrust violations and asking for a halt in alleged self-dealing practices by CEO Sam Altman.
In a new motion filed late Friday in his lawsuit against OpenAI, Elon Musk ’s attorneys have asked for a preliminary injunction to stop OpenAI from transitioning to a for-profit enterprise, reports TechCrunch. They also requested the judge to forbid the company from continuing practices they claim violate US antitrust laws . Musk’s lawyers assert that OpenAI will likely lack sufficient funds to pay damages if Musk wins the suit, due to CEO Sam Altman's alleged self-dealing.
The motion follows reports of OpenAI’s intent to become a for-profit business and that it recently began early talks with regulators to move its structural change forward. Musk’s lawyers allege that OpenAI and Microsoft told investors not to fund competitors, which they claim violates the Sherman Act. They also claim that Musk verified that at least one major investor who had previously contributed to an xAI funding round has since declined to invest in xAI. Additionally, they allege that OpenAI benefits from competitively sensitive information gained through Microsoft connections, which they insist is prohibited under the Clayton Act. OpenAI spokeswoman Hannah Wong said the complaints are baseless
Elon Musk Openai For-Profit Antitrust Laws Legal Motion Microsoft
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