Gate News reports that on March 17, Elon Musk posted on X stating that any winnings from the OpenAI lawsuit will be donated to charity and will not benefit him in any way. The case was filed by Musk in 2024, accusing OpenAI CEO Sam Altman and partner Microsoft of abandoning OpenAI’s original non-profit mission in favor of a profit-driven structure to pursue commercial interests. Musk is one of the co-founders of OpenAI, involved in its founding in 2015 with approximately $38 million, and left in 2018. He is currently leading the AI company xAI. On March 13, presiding judge Yvonne Gonzalez Rogers ruled during a pre-trial conference in Oakland, California, that expert testimony from Musk’s side, including economist C. Paul Wazzan from Berkeley Research Group, regarding damages is not excluded. Wazzan’s report estimates that if the jury finds OpenAI in breach, OpenAI could owe up to $109 billion. Wazzan also estimated that Microsoft should pay $25 billion, but the judge has not yet ruled on this. The judge also preliminarily ruled that Musk cannot seek punitive damages. She noted that even if Musk wins, the actual compensation could be far less than $109 billion: some claims may be barred by statutes of limitations, and the jury might also determine that Musk’s contribution to OpenAI’s success should only be partial. The case is scheduled for jury trial on April 28. OpenAI and Microsoft deny all allegations.
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
Trump: Yesterday, 34 ships transited the Strait of Hormuz, setting the highest record since records began
Gate News message. On April 13, U.S. President Donald Trump said that yesterday (April 12) 34 ships transited the Strait of Hormuz, the highest single-day passage record since the strait was shut down. In addition, Trump said he will submit an updated version of the lawsuit against The Wall Street Journal again on or before April 27 local time.
GateNews2h ago
Trump: If Iran does not reach an agreement within two weeks, the consequences will be very serious
Trump said in his statement that the Strait of Hormuz blockade has begun, and that other countries will assist the U.S. He warned Iran that if it does not reach an agreement within two weeks, it will face an unfavorable situation, and he emphasized that the United States will maintain the status quo. The United States is preparing to take measures to respond to Iran.
GateNews2h ago
The Strait of Hormuz is set to be blocked effective tonight: Trump officially orders the interception of Iranian vessels, and oil prices surge past $102
U.S. President Trump announced a blockade of the Strait of Hormuz and will have it take effect on April 12; oil prices promptly surged. The U.S. military will intercept ships bound for Iran, but it will not affect shipping from other Persian Gulf countries. This move intensifies the global energy crisis, with oil prices breaking above $100, which could affect inflation and central bank policy. The market is also watching how geopolitical risk could impact risk assets.
ChainNewsAbmedia4h ago
Trump Threatens to Impose 50% Tariffs on China: Intelligence Says China Plans to Deliver Air-Defense Weapons to Iran
U.S. President Trump threatens to impose an additional 50% tariff on China, claiming China is preparing to deliver air defense systems to Iran. This has heightened tensions between the U.S. and China. Trump’s threat is largely political pressure, and implementation would require legal procedures. China denies providing military aid and calls for restraint. The incident shakes the market, drives up oil prices, and affects the outlook for cryptocurrency.
ChainNewsAbmedia4h ago
U.S.-Iran talks break down! The U.S. blocks the Strait and is considering restarting airstrikes. Iran: prepared to miss cheap oil
The peace talks between Iran and the United States have broken down. The U.S. has blockaded the Strait of Hormuz and is considering airstrikes, causing international oil prices to break above $100. Bitcoin has fallen below $71,000. Experts warn that the world is facing a severe crude-oil supply shock, and stored oil is about to run out.
CryptoCity5h ago
The American Bankers Association criticizes the White House’s stablecoin report, saying it overlooks the core risks of interest-bearing stablecoins
The American Bankers Association criticized the stablecoin report released by the White House Council of Economic Advisers, saying its analysis was wrong. It emphasized that allowing stablecoins to pay interest would lead to local banks’ deposits flowing out and would tighten credit, countering the report’s claim about the effects of the proposed ban.
GateNews5h ago
