Home AI OpenAI Asserts No Financial Obligations to Musk in Profit-Driven Shift

OpenAI Asserts No Financial Obligations to Musk in Profit-Driven Shift

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OpenAI and Microsoft have filed a motion in a California federal court seeking to dismiss claims that OpenAI misled Elon Musk into donating $45 million, asserting that no false promises regarding nonprofit status were made. They argue that Musk’s funding was given without conditions or control. This legal dispute highlights the intricate dynamics surrounding funding in the tech sector and the obligations that come with it. Keeping updated on such fast-moving legal issues is crucial for professionals. A Law360 subscription offers comprehensive coverage of over 200 articles daily across 60 topics, providing expert analysis, mobile access, real-time alerts, and a searchable archive of over 450,000 articles. Subscribe today to stay informed and navigate the shifting landscape of legal developments with confidence, including a free 7-day trial to explore all features.

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