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Elon Musk wants OpenAI and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that he was defrauded.
OpenAI gained between $65.5 billion and $109.4 billion from the billionaire entrepreneur's contributions when he was co-founding what was then a startup from 2015, while Microsoft gained between $13.3 billion and $25.1 billion, Musk said in the federal court filing ahead of his trial against the two companies.
Elon Musk is claiming $79 billion to $134 billion in damages from OpenAI and Microsoft for alleged fraud related to their partnership. The billionaire argues he deserves a portion of OpenAI's $500 billion valuation due to his initial investment of $38 when he co-founded the company.
A federal judge in Oakland rejected requests by OpenAI and Microsoft to dismiss claims by Musk and ordered the case to proceed to a jury trial set for late April.
Musk seeks up to $134 billion from OpenAI, Microsoft over alleged gains from his early contributions
Elon Musk has asked a US court to award him up to $134 billion from OpenAI and Microsoft, claiming they benefited unlawfully from his early backing of the AI startup
Elon Musk has entered a legal dispute with tech giants, OpenAI and Microsoft, seeking compensatory damages in the range of $79 billion to $134 billion over defrauding allegations.
Elon Musk wants OpenAI Inc. and Microsoft to pay him damages in the range of $79 billion to $134 billion over his claims that the generative AI company defrauded him by abandoning its nonprofit roots and partnering with the software giant.
Elon Musk is seeking up to $134 billion from OpenAI and Microsoft, arguing he deserves the "wrongful gains" that they received from his early support of the artificial-intelligence startup, according to a court filing on Friday.
Microsoft is benefiting in multiple ways from its OpenAI investment. Azure has emerged as one of the best clouds to build AI applications on. The tech giant is growing at a solid rate, and the stock should follow suit.