Musk Seeks $150 Billion Settlement from OpenAI Before Trial, Settlement Talks Fail

According to a court filing, Elon Musk reached out to OpenAI President Greg Brockman on April 26, two days before their trial began in Oakland federal court, to explore a settlement. When Brockman suggested both parties drop their claims, Musk responded with threats, telling Brockman: “By the end of this week, you and Sam will be the most hated men in America. If you insist, so it will be.”

The trial, which started on April 28, centers on Musk’s claim that OpenAI betrayed its original nonprofit mission by transitioning to a for-profit model in 2019. Musk is seeking $150 billion in damages from OpenAI and Microsoft, and demanding changes to OpenAI’s leadership structure. U.S. District Judge Yvonne Gonzalez Rogers is overseeing the case, which is expected to last several weeks.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

R0AR Advances to Consensus 2026 PitchFest Final Round, Narrowly Misses Top 20

According to MetaversePost, R0AR advanced to the final selection round of CoinDesk's Consensus 2026 PitchFest on May 4, narrowly missing the top 20 startups selected for live presentations. The Web3 and AI innovator was evaluated alongside high-potential startups worldwide at one of the industry's m

GateNews1h ago

Cursor Accepts SpaceX's $60 Billion Acquisition Offer but Won't Partner with xAI on Coding Models

According to The Information, Cursor has accepted a conditional $60 billion acquisition offer from SpaceX, though the deal has not yet been finalized. The company currently has no plans to collaborate with SpaceX's AI unit xAI on developing coding models. Instead, Cursor is focusing on optimizing it

GateNews1h ago

Haun Ventures Closes $1 Billion Fund on May 4, Splits Capital Between Early and Late-Stage Crypto Investments

According to Bloomberg, Haun Ventures completed a $1 billion fundraising round on May 4, with $500 million allocated to early-stage and $500 million to late-stage investments. The fund will deploy capital over the next two to three years, targeting cryptocurrency and blockchain startups while expand

GateNews2h ago

OpenAI Raises $4 Billion for Deployment Joint Venture, Valued at $10 Billion

According to BlockBeats, on May 4, OpenAI raised over $4 billion to establish a new joint venture focused on helping enterprises adopt its artificial intelligence software. The venture, called The Deployment Company, is backed by 19 investors including TPG Inc., Brookfield Asset Management,

GateNews3h ago

Why do some people think AI will change the world, while others think it’s ordinary? Karpathy’s two diagnoses

Karpathy pointed out that AI cognition gaps come from two diagnoses: 1) having only used free/older models, which cannot reflect the capability of the most advanced agentic models; 2) ability improvements are only significant in highly technical domains and they show asymmetry. This causes paid users and general readers to see different phenomena, leading to mutual misunderstandings in parallel worlds. The takeaway for readers in Taiwan is that only by actually using the most advanced models to complete production tasks and verify the basis for judgments can you avoid being swayed by media myths.

ChainNewsAbmedia3h ago

Applied Digital Secures $300 Million Bridge Financing Led by Goldman Sachs for AI Data Centers

According to Globenewswire, Applied Digital secured $300 million in senior secured bridge financing led by Goldman Sachs on May 4 to advance its AI data center development. The financing is collateralized by project assets, can be repaid early without penalties, and the company plans to pursue

GateNews3h ago
Comment
0/400
No comments