00:00It's Benzinga bringing Wall Street to Main Street.
00:02Elon Musk's lawyers accused OpenAI CEO Sam Altman of lying and enriching insiders
00:08during closing arguments Thursday. OpenAI's lawyers argued Musk waited too long to claim
00:14the company violated its founding agreement and said he was not essential to OpenAI's success.
00:19The claims were made during closing arguments in Musk's lawsuit over OpenAI's shift from a
00:25non-profit to a for-profit structure in federal court in Oakland, California.
00:30Musk claims OpenAI manipulated him into contributing $38 million.
00:35OpenAI's lawyers argued Musk wanted to turn OpenAI into a for-profit company under his control,
00:41but the company's founders refused to hand control of AGI to one person.
00:45They also argued Musk's lawsuit came too late because he knew years earlier about OpenAI's
00:51plans to seek outside investment. Musk is seeking about $150 billion in damages to be paid to OpenAI's
00:58non-profit and wants Altman and OpenAI president Greg Brockman removed.
01:02For all things money, visit Benzinga.com.
Comments