Ov Finance|Elon Musk drops lawsuit against ChatGPT-maker OpenAI without explanation

2025-05-05 22:25:20source:FinLogiccategory:Finance

SAN FRANCISCO (AP) — Elon Musk has dropped his lawsuit against OpenAI just ahead of a scheduled Wednesday hearing on Ov Financethe case.

Musk in February sued the San Francisco artificial intelligence company and its CEO Sam Altman over what he said was a betrayal of the ChatGPT maker’s founding aims of benefiting humanity rather than pursuing profits.

In the lawsuit filed in February at San Francisco Superior Court, billionaire Musk said that when he bankrolled OpenAI’s creation, he secured an agreement with Altman and Greg Brockman, the president, to keep the AI company as a nonprofit that would develop technology for the benefit of the public and keep its code open instead of walling it off for private gain.

However, by embracing a close relationship with Microsoft, OpenAI and its top executives set that pact “aflame” and are “perverting” the company’s mission, Musk alleged in the lawsuit.

Most legal experts said Musk’s claims — centered around allegations of breach of contract, breach of fiduciary duty and unfair business practices — were unlikely to succeed in court. Musk’s lawyer filed a notice Tuesday seeking to dismiss the entire case. No explanation was given for why it was being dropped.

Musk’s lawyers and OpenAI didn’t immediately respond to requests for comment.

More:Finance

Recommend

Apple iOS 18.2: What to know about top features, including Genmoji, AI updates

Get ready for phase two.Apple's latest operating system update is available today for iPhone, iPad,

A brother's promise: Why one Miami Hurricanes fan has worn full uniform to games for 14 years

One look at Shelton Douthett sitting in the stands at a Miami Hurricanes football game and you may b

A man, a plan, a chainsaw: How a power tool took center stage in Argentina’s presidential race

BUENOS AIRES, Argentina (AP) — Politicians usually talk about belt tightening, or trimming wasteful