The filing is part of an ongoing legal dispute between Musk and OpenAI CEO Sam Altman, who were both part of a group that co-founded or funded OpenAI as a non-profit in 2015. Musk, who invested between $45 and $50 million in the company, served on its board until 2018. The feud has escalated over OpenAI's direction, Musk's role in its success, and AI development. OpenAI, now worth over $150 billion, announced plans to restructure as a for-profit entity in September.
Key takeaways:
- Elon Musk is seeking an injunction against OpenAI to prevent its transition from a nonprofit to a for-profit entity, alleging anticompetitive behavior and wrongful sharing of competitively sensitive information.
- The lawsuit also implicates Microsoft and Reid Hoffman, co-founder of LinkedIn, alleging that their partnership with OpenAI resulted in monopolistic market practices and violations of antitrust law.
- If granted, the injunction would halt OpenAI's for-profit transition and its partnerships with Microsoft.
- The legal battle between Musk and OpenAI CEO Sam Altman has escalated this year, with Musk arguing that he was deceived into co-founding the company.