• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

JPMorgan’s 2026 summer reading list

May 18, 2026

Mamdani’s Nakba Day video that never was

May 18, 2026

Room Cracks Up After Adam Driver Blows Off Lena Dunham’s Criticism

May 18, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Monday, May 18
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Mamdani’s Nakba Day video that never was

    May 18, 2026

    Lawmakers Want To Make Roads Great (And Safe) Again

    May 18, 2026

    Questions About Trump’s Health Are Getting Louder And Democrats Need To Speak Out

    May 18, 2026

    These Republicans Are Bucking Trump By Throwing Support Behind Thomas Massie

    May 18, 2026

    GOP Incumbent Senator Who Voted To Convict Trump Loses Primary

    May 18, 2026
  • Health

    WHO Ebola experts weigh trying old vaccine in new outbreak

    May 18, 2026

    Tips To Unlock Your Rapid Recovery Reflex, From Dr. Victoria Maizes

    May 18, 2026

    CDC bans travelers from Ebola-stricken countries for 30 days

    May 18, 2026

    Forbes x Unicycive Therapeutics

    May 18, 2026

    Ebola outbreak, Bill Cassidy, Tracy Beth Høeg: Morning Rounds

    May 18, 2026
  • World

    Mexican General Named in Cartel Indictment Surrendered to U.S. Authorities

    May 18, 2026

    Chad Smith Crashes Doppelgänger Will Ferrell’s ‘SNL’ Monologue

    May 18, 2026

    U.S. and Nigerian Forces Take Out Top ISIS Terrorist in Africa

    May 18, 2026

    Colin Jost Almost Gets His Hair Cut Over Micheal Che’s ‘Weekend Update’ Joke

    May 18, 2026

    Putin to Visit Chinese Leader Xi Jinping Days After Trump’s Trip to Beijing

    May 18, 2026
  • Business

    Musk Loses $130 Billion OpenAI Lawsuit

    May 18, 2026

    Trump’s Shipping Insurance Flops As Iran Reportedly Launches Bitcoin-Based Insurance For Hormuz

    May 18, 2026

    The Hidden ‘Tax’ That’s Bleeding Your Wallet Dry

    May 17, 2026

    As Britain And France Try Prying Hormuz Open With Their Own Crowbars, Uncle Sam Forms New Coalition

    May 15, 2026

    American Households Financially Underwater Like Never Before

    May 15, 2026
  • Finance

    JPMorgan’s 2026 summer reading list

    May 18, 2026

    Will Jensen Huang talk ‘Trump’ and China chips after Xi summit?

    May 18, 2026

    Prices are down and moving lower this morning

    May 18, 2026

    Warren Buffett teased to CNBC a ‘tiny purchase’ in March. Berkshire filing may have revealed it

    May 18, 2026

    US Treasury, India’s Adani Enterprises settle alleged Iran sanctions violations

    May 18, 2026
  • Tech

    Elon Musk’s Tesla Reports 2 Robotaxi Crashes in Texas Involved Remote ‘Teleoperators’

    May 18, 2026

    ‘American Leadership is Needed’ on AI, ‘Otherwise China’s Gonna Lead the Way’

    May 18, 2026

    Fired Trump Antitrust Official to Join Democrats’ Unofficial ‘Hearing’ Attacking Live Nation Settlement

    May 18, 2026

    U. of Arizona Graduates Boo Democrat Mega-Donor and Ex-Google Boss Eric Schmidt’s Comments on AI

    May 18, 2026

    Farage Party Migration Video Censored on TikTok over ‘Hate Speech’

    May 17, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Musk Loses $130 Billion OpenAI Lawsuit
Business

Musk Loses $130 Billion OpenAI Lawsuit

May 18, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Musk Loses $130 Billion OpenAI Lawsuit
Share
Facebook Twitter LinkedIn Pinterest Email

A California jury ruled that Elon Musk, the majority shareholder of X, took too long to launch a lawsuit against OpenAI and Microsoft on Monday.

The jury issued its advisory decision that the statute of limitations had run out following around 90 minutes of deliberating, and U.S. District Judge Yvonne Gonzalez Rogers concurred with their ruling, CNN reported. The judge ruled that “claims of breach of charitable trust and unjust enrichment are dismissed as untimely” and claimed she was ready to dismiss Musk’s allegations “on the spot,” according to CNBC. The three-week trial came after Musk filed a lawsuit against OpenAI and Altman in 2024 alleging they broke a commitment to maintain the artificial intelligence lab as strictly a nonprofit. (RELATED: Sam Altman Gives Anything But Straight Answer When Asked Why You Should Trust Him)

The Tesla and SpaceX founder helped launch the AI company in 2015 but exited its board after three years. He also sued Microsoft claiming the software firm helped the startup breach the alleged charitable commitment.

The lawyers for OpenAI alleged that the firm’s mission remained the same, that a non-profit foundation board still managed it and Musk held back a lawsuit until he launched xAI, a rival AI firm, according to CNN. Musk launched xAI in 2023, CNBC reported. The jury ruled that Musk knew of the behavior allegedly covered by the lawsuit as far back as 2021, according to CNN. OpenAI’s lawyers also alleged the donations via Musk did not have a commitment to remain a non-profit and that the billionaire repeatedly called on OpenAI to launch a for-profit operation to challenge Google.

See also  Elon Musk Plans to Kill Headlines for Links Shared on Twitter/X

Musk’s head attorney alleged that OpenAI CEO Sam Altman and OpenAI’s leadership used the nonprofit like a “shell” once they formed a for-profit subsidiary in 2019 by transferring workers and intellectual property to it, NPR reported. The firm gave up its obligation to safety and open sourcing in exchange for enriching “investors and insiders” after reaching a $10 billion agreement with Microsoft, Musk lawyer Steven Molo argued.

Breaking: A jury sided with Sam Altman and OpenAI in a landmark lawsuit brought by Elon Musk, who alleged that the startup behind the world’s most popular chatbot “stole a charity” when it converted into a for-profit company https://t.co/gTzyhzKSG4

— The Wall Street Journal (@WSJ) May 18, 2026

Musk called on the court to compel OpenAI to send over $130 billion to the firm’s nonprofit entity, strip Altman and OpenAI President Greg Brockman of their executive positions and reverse the institutional changes that turned the company into an AI giant. Musk refused to have any of the money paid to him personally, CNBC reported.

Musk, Altman, Brockman and CEO Satya Nadella of Microsoft testified. OpenAI cofounder Ilya Sutskever also testified, as did Shivo Zilis, one of Musk’s executives and the mother of four of his children, according to CNN.

“The finding of the jury confirms that what this lawsuit was was a hypocritical attempt to sabotage a competitor,” OpenAI’s lawyer, William Savitt, said Monday. “The fact is that OpenAI is a not-for-profit, mission-driven organization that has been and will continue to be faithful to that mission.”

A Microsoft spokesperson issued a statement to CNN following the jury’s ruling. “The facts and the timeline in this case have long been clear, and we welcome the jury’s decision to dismiss these claims as untimely,” the spokesperson said Monday.

See also  UBS seeks $6 billion in government guarantees for Credit Suisse takeover

The Daily Caller reached out to OpenAI and xAI for comment but has not heard back as of publication.

Billion lawsuit Loses Musk OpenAI
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump’s Shipping Insurance Flops As Iran Reportedly Launches Bitcoin-Based Insurance For Hormuz

May 18, 2026

GOP Incumbent Senator Who Voted To Convict Trump Loses Primary

May 18, 2026

Amphenol Corporation (APH) Posts Strong Growth but Loses Place on BofA’s “US 1 List”

May 18, 2026

The Hidden ‘Tax’ That’s Bleeding Your Wallet Dry

May 17, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Yogurt drink instead of a colonoscopy? CRISPR bacteria are tested

August 11, 2023

U.S. Auto Sales To Rise In Q2 As Outlook For Full Year Improves; These 2 EV Stocks Soar

July 3, 2023

Can Light And Sound Therapy Treat Alzheimer’s Disease?

October 14, 2023

Watchdog Files Complaint Against Democrat Rep. Jeff Jackson

April 15, 2023
Don't Miss

JPMorgan’s 2026 summer reading list

Finance May 18, 2026

JPMorgan summer reading listCourtesy: JPMorganThe latest JPMorgan Summer Reading List, an annual favorite among the…

Mamdani’s Nakba Day video that never was

May 18, 2026

Room Cracks Up After Adam Driver Blows Off Lena Dunham’s Criticism

May 18, 2026

England’s World Cup Soccer Stars Taking Own Bedding to U.S. After Complaints over Hotel Mattresses

May 18, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,364)
  • Entertainment (4,573)
  • Finance (3,418)
  • Health (2,072)
  • Lifestyle (1,879)
  • Politics (3,269)
  • Sports (4,222)
  • Tech (2,116)
  • Uncategorized (4)
  • World (4,344)
Our Picks

Ryan Seacrest to Succeed Pat Sajak as ‘Wheel of Fortune’ Host

June 30, 2023

Covid’s long-term toll on heart health worries doctors

August 10, 2023

ABC’s Jon Karl Slams Bidenomics, Admits Majority of Democrats Don’t Want Joe Biden in 2024 (VIDEO) | The Gateway Pundit

September 11, 2023
Popular Posts

JPMorgan’s 2026 summer reading list

May 18, 2026

Mamdani’s Nakba Day video that never was

May 18, 2026

Room Cracks Up After Adam Driver Blows Off Lena Dunham’s Criticism

May 18, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

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