Musk says basis of charitable giving at stake in OpenAI lawsuit

An important development from the financial markets: Musk says basis of charitable giving at stake in OpenAI lawsuit 9 hours ago Share Save Add as preferred on Google Lily Jamali , North America Technology correspondent, in court and Max Matza Elon Musk vs Sam Altman: Why are the tech titans in court? A trial pitting two founders of OpenAI - Sam Altman and Elon Musk - against each other has opened in California, with the sides presenting duelling narratives about the company's history and obligations to consumers. Musk, wearing a dark suit and tie, was asked by one of his lawyers what the lawsuit was about when he took the stand.

"It's actually very simple," he said. "It's not okay to steal a charity... If it's okay to loot a charity, the entire foundation of charitable giving will be destroyed.

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" An OpenAI lawyer said the lawsuit was motivated by Musk seeking to kneecap a "competitor". Musk and Altman were warned by the judge against using their platforms to attempt to influence the trial. "We're here because Mr Musk didn't get his way at OpenAI," said OpenAI lawyer William Savitt.

"Because he's a competitor, Mr Musk will do anything to attack OpenAI. " Musk lawyer Steven Molo reminded the nine jurors in Oakland to put aside their opinions of the two Silicon Valley billionaires and former friends. "You all took an oath to put personal opinions aside," he said.

"I know you will honour that oath. " Molo said that Musk had become more involved in AI as the technology advanced rapidly, growing concerned that "the government was not stepping up" to regulate it. Musk's concerns increased, he added, after a 2015 meeting with then-President Barack Obama.

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His client, he said, had always believed that AI "wasn't a vehicle for people to get rich". He went on to describe Musk's involvement in OpenAI, to which he had donated $38m (£28m) over several years, while it was operating at a non-profit. "Without Elon Musk, there would be no OpenAI.

Pure and simple," said Molo. Getty Images Punching bags with the faces of Musk and Altman seen outside of court Musk objects to OpenAI's decision to open a commercial arm in 2018, years before it debuted the software ChatGPT, kicking off the commercial AI market. In his opening arguments, Molo said that OpenAI CEO Altman and co-founder Greg Brockman "stole a charity".

Musk is asking for billions of dollars in what his lawyers call "wrongful gains" that he wants used to fund OpenAI's non-profit arm, and he wants to see a shake-up at the company including the ousting of Altman. Musk's claims include breach of charitable trust and unjust enrichment. Why Sam Altman and his former hero Elon Musk are taking their toxic feud to court OpenAI's lawyer said that Musk had used his investment to "bully" other OpenAI founders, and that he had wanted to merge the company with Tesla, which he also owns.

Financial markets are tracking the development closely as investors assess the likely impact.