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Reading: Elon Musk quits the OpenAI case and is subject to a new insider trading charge.
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Baner Club > Blog > Business > Elon Musk quits the OpenAI case and is subject to a new insider trading charge.
BusinessTechnology

Elon Musk quits the OpenAI case and is subject to a new insider trading charge.

After learning that he is dealing with a new investor claim over his Tesla share sale, Elon Musk decided to withdraw the complaint he had filed against OpenAI, the company that makes ChatGPT.

Last updated: 2024/06/12 at 10:14 AM
Published June 12, 2024
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The tech mogul, who had filed the complaint at the beginning of the year, intended to withdraw it the day before a San Francisco judge was scheduled to consider an appeal from OpenAI to have the case dismissed.
He had charged that Sam Altman, the company’s CEO, had abandoned the initial goal of creating artificial intelligence for the good of humanity rather than for financial gain. He co-founded the company.

Mr. Musk, who owns his own artificial intelligence (AI) companies, has harshly criticized the company’s use of AI. He shot this off.

On Tuesday, it was also disclosed that Mr. Musk was the target of a different lawsuit filed in Delaware by an institutional Tesla investor.

According to the Employees’ Retirement System of Rhode Island (ERSRI), he and his brother Kimbal, a director of the electric vehicle company, sold shares worth a total of $30 billion (£23.5 billion) fraudulently between the end of 2021 and the end of 2022.

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admin June 12, 2024 June 12, 2024
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