Elon Musk ends testimony in OpenAI lawsuit
Elon Musk concluded three days of testimony Thursday in his lawsuit against OpenAI, facing cross-examination over his claim that OpenAI began as a nonprofit mission-driven lab. OpenAI's lawyers pressed him on his portrayal of the company's origins and probed his motives for suing, focusing on communications and decisions around OpenAI's move to a capped-profit structure. The testimony matters because the court's findings about whether OpenAI abandoned a nonprofit mission could influence corporate governance, investment structures, and legal limits on how AI labs convert to for-profit entities.
Elon Musk agreed to settle SECallegations that he cheated Twitter shareholders out of millions of dollars in 2022 by failing to properly disclose his growing stake in the social media company
CME15That fine doesn’t mean doodoo to him. He has that in his pocket. There is needs to be something more punitive, perhaps a class action suit or the divestiture of Twitter.
Erik Vorhes11Thats a normal person equivalent of paying a dime as a fine.
Tollberg9Bro paid out less than 1% of his illicit gains. Unreal
ETFs Matter8Saved $150 million by not disclosing ownership. Pays 1% penalty. Sounds about right for our favorite Oligarch.
Dennis-1014So,that is legal but costs an extra 1.5 million?
Holli Deloe (HD)4That’s like $5.00 to him- I’m sure he’s learned his lesson!
Bob Wheeler3Not nearly enough! There’s 0 punitive impact on him for that.
Citizen, Interrupted3Wow. $1.5 million. That'll teach him. I'm sure he's traumatized by the experience and the seriousness of the punishment. 🙄
buzzoffyear.bsky.social3$1.5 million to him is $0.36 to the average person.
Stanley Q Woodvine2Is $1.5M even a rounding error in Muskrat's world?
