Musk

The trial’s outcome could sway the balance of power in AI, and jury selection starts on Monday.

Technology tycoons Elon Musk and Sam Altman are poised to face off in a high-stakes trial revolving around the alleged betrayal, deceit and unbridled ambition that blurred the bickering billionaires’ once-shared vision for the development of artificial intelligence.

The trial, which is scheduled to begin on Monday with jury selection, centres on the 2015 birth of ChatGPT maker OpenAI as a nonprofit start-up primarily funded by Musk before evolving into a capitalistic venture now valued at $852bn.

The trial’s outcome could sway the balance of power in AI, breakthrough technology that is increasingly being feared as a potential job killer and an existential threat to humanity’s survival.

Those perceived risks are among the reasons that Musk, the world’s richest person, has cited for filing a lawsuit in August 2024 that will now be decided by a jury and US District Judge Yvonne Gonzalez Rogers in Oakland, California.

The civil lawsuit accuses Altman, OpenAI’s CEO, and his top lieutenant and a cofounder, Greg Brockman, of double-crossing Musk by straying from the San Francisco company’s founding mission to be an altruistic steward of a revolutionary technology. The lawsuit alleges they shifted OpenAI into moneymaking mode behind his back.

The bitter legal fight may come down to a few pages in one executive’s personal diary.

“This is the only chance we have to get out from Elon,” wrote Brockman in the autumn of 2017. “Is he the ‘glorious leader’ that I would pick?”

Brockman’s diary entry is part of the thousands of pages of internal documents revealed in court.

Musk said the defendants kept him in the dark about their plans, exploited his name and financial support to create a “wealth machine” for themselves, and owe damages for having conned him and the public.

He also wants OpenAI to revert to a nonprofit, for Altman and Brockman to be removed as officers and for Altman to be removed from its board.

OpenAI has brushed off Musk’s allegations as an unfounded case of sour grapes that’s aimed at undercutting its rapid growth and bolstering Musk’s own xAI, which he launched in 2023 as a competitor.

The trial also carries risks for Musk, who last month was held liable by another jury for defrauding investors during his $44bn takeover of Twitter in 2022. Any damaging details about Musk and his business tactics could be particularly hurtful now because his rocket ship maker, SpaceX, plans to go public this summer in an initial public offering that could make him the world’s first trillionaire.

March 21 (UPI) — President Donald Trump threatened to send U.S. Immigrations and Customs Enforcement agents to airports to cover for the Transportation Security Administration unless Democrats agree to Republican funding plans for the Department of Homeland Security.

On Truth Social, the president posted: “If the Democrats do not allow for Just and Proper Security at our Airports, and elsewhere throughout our Country, ICE will do the job far better than ever done before! The Fascist Democrats will never protect America, but the Republicans will.”

In an earlier post, he said ICE agents at airports “will do Security like no one has ever seen before, including the immediate arrest of all Illegal Immigrants who have come into our Country, with heavy emphasis on those from Somalia, who have totally destroyed, with the approval of a corrupt Governor, Attorney General, and Congresswoman, Ilhan Omar, the once Great State of Minnesota.”

Former acting ICE Director John Sandweg told The Washington Post that the threat is being used as a punishment.

“This is again an example, it seems to me, of the president seeking to utilize ICE in a way that achieves political goals, almost as a punishment,” Sandweg said. “The operations, to me, don’t seem to be designed to focus on public safety.”

The DHS, which includes TSA, shut down on Feb. 14 because Congress couldn’t agree on a funding bill for the department. Democrats don’t want to fund it until guardrails are put on the agency, and Republicans haven’t agreed to Democrats’ demands.

Because of this, TSA workers have been working without pay for more than a month. Some are quitting or taking days off work, creating long lines at airports.

Earlier on Saturday, billionaire Elon Musk offered to pay the TSA salaries during the shutdown.

“I would like to offer to pay the salaries of TSA personnel during this funding impasse that is negatively affecting the lives of so many Americans at airports throughout the country,” Musk said on X. Axios reported that based on TSA’s headcount, it would cost him more than $40 million per week. The White House didn’t respond to Musk’s offer.

Senate Democratic Leader Chuck Schumer, D-N.Y., on Saturday told Republicans to support a Democratic bill to fund TSA. He said airport delays have reached a “boiling point.”

“If you want TSA workers to get paid, then vote yes,” Schumer said on the Senate floor.

Sen. Patty Murray, D-Wash., said in a statement that Trump should focus on his own party.

“Surely, the next thing people want after waiting hours in long TSA lines is to get wrongfully detained by ICE,” she said. “Here’s an idea: instead of sidelining TSA agents and sending ICE to harass travelers, the president should tell Republicans to stop blocking our bill to pay TSA.”

Jury finds that two tweets posted in May 2022 by Musk contained false statements responsible for a plunge in Twitter’s share price.

A federal jury in California has found that tech tycoon Elon Musk misled Twitter shareholders, driving down the company’s share price as he was poised to buy it in a $44bn deal.

The verdict delivered on Friday in the class action securities lawsuit means the world’s richest person could be ordered to pay billions of dollars, according to damages calculated by jurors.

After a three-week trial in a San Francisco federal court – which included in-person testimony from Musk – the jury found that two tweets posted in May 2022 by the Tesla and SpaceX CEO contained false statements responsible for a plunge in Twitter’s share price.

Investor Giuseppe Pampena had filed the suit on behalf of people who sold Twitter shares between mid-May and early October 2022.

Jurors agreed that Musk violated a securities rule that bars false and misleading statements that sink a stock price, in this case that of Twitter, the verdict form showed. A lawyer for the plaintiffs estimated the damages at about $2.6bn.

But the nine-person jury absolved Musk of some fraud allegations, finding that he did not “scheme” to mislead investors.

Minutes after the judgement was announced, lawyers for Musk, who acquired the social media platform in late October 2022 and later renamed it X, said their client will appeal the decision, characterising it as a “setback”.

Musk, who has a near-constant presence on X, did not immediately react to the verdict, which marks a rare legal defeat for the billionaire often dubbed “Teflon Elon” for his ability to emerge unscathed from lawsuits he is expected to lose.

In 2023, a jury in the same San Francisco federal court cleared him within hours of similar charges brought by Tesla shareholders, following his 2018 tweets claiming he had the funding to take the automaker private.

Musk abandoned his effort to get out of buying Twitter in late 2022 after the company took him to court to uphold the contract. He has since merged the social media platform with his artificial intelligence startup xAI and his private space exploration firm SpaceX.

Forbes magazine earlier this month estimated Elon Musk’s net worth at $839bn, a figure based primarily on his stakes in his portfolio of companies including Tesla and SpaceX.