00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk's AI startup, XAI, filed a lawsuit in Texas federal court against Apple and OpenAI,
00:08accusing them of conspiring to block competition in the AI market, according to Reuters.
00:12It soon alleges the company's locked up markets to maintain monopolies and prevent rivals like
00:16XAI from competing. It also alleges Apple's integration of ChatGBT into its devices unfairly
00:22disadvantages XAI's Grok app, which Musk says is being excluded from App Store promotion
00:26despite high user reviews. The legal expert said Apple's dominant role in smartphones
00:30could strengthen XAI's claims, but noted Apple may argue its OpenAI partnership was a competitive
00:36business decision. Musk is also suing OpenAI and CEO Sam Altman in California to block the
00:41company's shift from non-profit to for-profit status. He originally co-founded OpenAI with
00:46Altman in 2015 as a non-profit. For all things money, visit Benzinga.com.
Comments