Elon Musk, along with his AI startup xAI and former OpenAI board member Shivon Zilis, has filed a lawsuit against OpenAI, seeking to prevent the company from converting into a for-profit business. The complaint argues that OpenAI is violating federal racketeering laws and seeks an injunction to stop OpenAI from allegedly requiring its investors to refrain from funding competitors.
Elon Musk is asking a federal court to stop OpenAI from converting into a fully, for-profit business.In the filing, attorneys argued that OpenAI"cannot lumber about the marketplace as a Frankenstein, stitched together from whichever corporate forms serve the pecuniary interests of Microsoft ."Attorneys representing Musk, his AI startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction against OpenAI on Friday.
‘Small caps are going to become more in favor in 2025′: VettaFi's research head doubles down on winning group "Microsoft and OpenAI now seek to cement this dominance by cutting off competitors' access to investment capital , while continuing to benefit from years' worth of shared competitively sensitive information during generative AI's formative years," the lawyers wrote in the filing.
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