Ray Wang, founder of Constellation Research, explains how Elon Musk and Openai's Sam Altman battle began to “make money.”
A California judge said Elon Musk denied Openai's move to halt its efforts to convert it into a for-profit organization, ruling that SpaceX and Tesla CEOs “do not meet the high burden required for the interim injunction.”
The declaration from US District Judge Yvonne Gonzalez Rogers in Oakland comes after Musk filed a lawsuit against Openy and its CEO Sam Altman last year.
Rogers said in her ruling that she is preparing to promote a trial on the matter later this year.
“We look forward to the jury to confirm it [OpenAI CEO Sam] Altman has accepted that he knows he must fully use Musk's charitable contributions for the benefit of the masses, not for his own concentration,” Musk's lawyer Marc Toberoff told Reuters.
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Senior advisors to President White House and Elon Musk, CEO of Tesla and SpaceX, pay tribute to President Donald Trump while attending a joint Congressional session at the U.S. Capitol in Washington, D.C. on March 4th. (Chip Somodevilla / Getty Images / Getty Images)
Musk, who co-founded Openai in 2015 with Altman, Ilya Sutskever, and Greg Brockman, split from the company in early 2018. Musk founded Openai's competitor Xai in March 2023.
In December 2024, Musk asked the court to stop the transition to a for-profit organization by Openai, the maker of ChatGpt, Reuters reported.
Openai was hit in Elon Musk's lawsuit, he says he proposed a for-profit organization
Openai CEO Sam Altman refused a bid from SpaceX and Tesla CEO Elon Musk and bought the company. (Shawn Gallup/Andrew Harnik/Getty Images/Getty Images)
“It's always been about competition,” Openai told the Associated Press in response to the judge's ruling. “Elon's own email shows that he wants to merge his for-profit Openai with Tesla. It was great for his personal interests, but not for our mission or ours.”
Musk filed an unsolicited $97.4 billion bid earlier this year to take over Openai.
Openai is the manufacturer of ChatGpt. (Photo illustrations by Idrees Abbas/sopa Images/Lightrocket Getty Images/Getty Images)
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“I think he's probably just trying to slow us down. He's clearly a competitor. He's working hard to raise a lot of money. [his startup] Zai and they are trying to compete with us from a technical standpoint, from referencing products to the market,” Altman told Bloomberg at the time, saying, “I hope he competes by building a better product, but I think there were a lot of tactics.
Eric Revell from Fox Business contributed to this report.
