00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk dropped fraud claims against OpenAI and co-founders Sam Altman and Greg Brockman,
00:08narrowing his November 2024 lawsuit to two claims ahead of trial, according to Bloomberg.
00:13A U.S. judge approved the request, leaving unjust enrichment and breach of charitable trust to
00:18proceed. Jury selection begins Monday in Oakland. Musk alleges OpenAI abandoned its non-profit
00:24mission after taking billions from Microsoft and restructuring as a for-profit company.
00:30He seeks up to $134 billion in damages and wants the funds directed to OpenAI's charitable arm
00:36if he wins. He is also asking the court to restore OpenAI's non-profit status and remove CEO Sam
00:42Altman and President Greg Brockman from their roles. OpenAI and its backers deny wrongdoing.
00:47For all things money, visit Benzinga.com.
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