SEC Settles Lawsuit Against Elon Musk Over Twitter Stock Disclosures for $1.5 Million
The Securities and Exchange Commission ended a case accusing Musk of concealing his Twitter stock purchases. He agreed to pay $1.5 million.
The Securities and Exchange Commission ended a case accusing Musk of concealing his Twitter stock purchases. He agreed to pay $1.5 million.
Elon Musk’s lawsuit against Sam Altman will be live-streamed via YouTube next week, with the public able to listen to daily court proceedings from 11AM to 5PM ET.
In the first week of the Musk v. OpenAI trial, Musk admits under cross-examination that xAI used OpenAI model distillation, as the case centers on the legality of OpenAI’s for-profit transition.
Tesla values Musk’s 2025 compensation at $158bn in SEC filings, but discloses he has not achieved any of the milestones required to receive the pay.
Musk’s third day of testimony in the OpenAI lawsuit reveals multiple weaknesses in his case, as his xAI company’s safety practices are brought into evidence.
Elon Musk’s second day of testimony in his lawsuit against OpenAI featured intense cross-examination over the lab’s transition to for-profit status, conflicts of interest, and AI safety concerns.
During OpenAI lawsuit trial, Musk admits xAI used distillation techniques on OpenAI models to train Grok, shaking the AI industry.
Elon Musk took the stand on day two of the jury trial against OpenAI, accusing executives of ’looting’ the nonprofit organization and admitting that his initial funding of OpenAI was ‘foolish.’ He clashed heatedly with opposing counsel during testimony.
The battle between Elon Musk and Sam Altman over OpenAI’s direction moves from social media sparring to a courtroom showdown that could reshape the company’s future.
The legal battle between Elon Musk and OpenAI CEO Sam Altman officially begins in court. Musk’s lawyer alleges Altman profited from ‘related party conflicted transactions’ and identifies the October 2022 Microsoft deal as the turning point when OpenAI abandoned its nonprofit mission.