Jury rules against Elon Musk against Sam Altman and OpenAI.

The jury ruled against Elon Musk against Sam Altman and OpenAI

  • Jury unanimously dismissed Elon Musk’s lawsuit against OpenAI and Sam Altman.
  • Case was thrown out because the claims were filed after the statute of limitations expired.
  • Jury deliberated for less than two hours.
  • Musk alleged OpenAI “stole a charity” by shifting from nonprofit to for-profit.
  • OpenAI argued Musk knew about and supported the for-profit structure.
  • OpenAI claimed Musk turned against the company after failing to gain control.
  • Musk’s legal team said it reserves the right to appeal.
  • Musk sought removal of Sam Altman and Greg Brockman from leadership roles.
  • Musk also sought reversal of OpenAI’s governance changes and more than $180 billion in damages.
  • Trial highlighted growing rivalry among major AI firms including OpenAI, Anthropic, and Musk’s AI venture.
  • OpenAI is pursuing a future public listing while Anthropic has gained momentum in the AI race.
  • Musk is reportedly working toward a public offering tied to SpaceX and his AI business.
  • Musk attorney Steven Molo said multiple witnesses called Altman a liar under oath.
  • OpenAI attorney William Savitt said Musk resorts to lawsuits instead of competing in AI.
  • Witnesses included Microsoft CEO Satya Nadella, Mira Murati, Ilya Sutskever, and Shivon Zilis.
  • Trial revealed internal OpenAI documents tied to the company’s founding and the 2023 “blip” when Altman was briefly fired and reinstated.
  • Greg Brockman testified his OpenAI stake is worth nearly $30 billion.

Both Musk and Altman have IPOs on their mind now

Jury rules against Elon Musk against Sam Altman and OpenAI.

For News Subscribe Us!

If you wish to receive the weekly market report, please subscribe. For a daily report please go to contact form to speak to the sales team.

You have been successfully Subscribed! Ops! Something went wrong, please try again.
PikPng.com_apple-icon-png_BBB

register your interest now

ALL RIGHTS RESERVED © 2024 HUBFX
Business Office at 7 Bell Yard, London, WC2A 2JR, United Kingdom

HUBFX Asia  Business Office at
100 Peck Seah St, 079333, Singapore

ALL RIGHTS RESERVED © 2025 HUBFX
Business Office at 7 Bell Yard, London, WC2A 2JR, United Kingdom

HUBFX Asia  Business Office at
100 Peck Seah St, 079333, Singapore

For clients based in the European Economic Area, payment services for HUBFX are provided by CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of an electronic-money institution (Relation Number: R142701).  For clients based in the United States, payment services for HUBFX are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorised in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011. For clients based in the United Kingdom and rest of the world, payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England and Wales No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199). Please refer to the Terms of Use here.

Payment services for HUBFX UK and US are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 

 

Payment services for HUBFX are provided by The Currency Cloud Limited. Registered in England No. 06323311. Registered Office: Stewardship Building 1st Floor, 12 Steward Street London E1 6FQ. The Currency Cloud Limited is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money (FRN: 900199) and The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate# 57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000160311064). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011 and CurrencyCloud B.V.. Registered in the Netherlands No. 72186178. Registered Office: Nieuwezijds Voorburgwal 296 – 298, Mindspace Nieuwezijds Office 001 Amsterdam. CurrencyCloud B.V. is authorised by the DNB under the Wet op het financieel toezicht to carry out the business of a electronic-money institution (Relation Number: R142701)

Rates are indicative only. Please log in for getting your rates.