US EditionMusk Seeks Up to $134 Billion in Damages from OpenAI, Microsoft
Elon Musk alleges OpenAI and Microsoft earned up to $134 billion in wrongful gains by abandoning nonprofit commitments despite his $38 million seed funding, court documents show.
- U.S. District Judge Yvonne Gonzalez Rogers set the trial for April 27, 2026, in an Oakland courtroom after rejecting dismissal requests, while OpenAI warned investors Musk will make `deliberately outlandish, attention-grabbing claims`.
- Elon Musk sued OpenAI in August 2024, alleging it abandoned its nonprofit public-benefit mission and formed an `opaque web of for-profit OpenAI affiliates` tied to Microsoft Corp.
- The court's rulings let Musk's breach of charitable trust, fraud, and unjust enrichment claims against OpenAI Inc. proceed, while some Microsoft Corp. claims were dismissed, and traders now bet a 57% chance Musk wins, with over $30,000 in trading volume.
- OpenAI told investors it has `strong defenses and feel confident about our chances of winning the case`, calling Musk's suit baseless as Jim Cramer warned it risks a public listing.
- With a $500 billion valuation, OpenAI Inc. benefits from Microsoft Corp., which first invested in 2019 and became its largest stakeholder last year, while Elon Musk’s rival xAI intensifies competition.
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182 Articles
Musk’s $134B OpenAI Lawsuit Shocks Tech World
Elon Musk is demanding up to $134 billion in damages from OpenAI and Microsoft, accusing them of defrauding him and violating the AI startup’s original nonprofit mission. The staggering figure was revealed in a Friday court filing, marking a dramatic escalation in Musk’s legal war against the company he co-founded in 2015. The filing comes just days after a federal judge cleared the way for a jury trial in the case, scheduled for late April in O…
XAI Holdings rating for US$ 250 billion, after private investors contributed, added US$ 62 billion to the company's fortune, which is already about US$ 780 billion and led by global ranking.
In the trial between Elon Musk and OpenAI, the billionaire relied on the calculations of a financial economy expert to claim up to 134 billion damages.
Elon Musk says OpenAI and Microsoft owe him $134 billion in "wrongful gains"
Earlier this month, a judge rejected an attempt by OpenAI and Microsoft to have Musk's 2024 lawsuit against them thrown out. The suit accuses OpenAI of breach of contract by abandoning its founding mission of creating a nonprofit that benefits humanity by moving to a for-profit model.Read Entire Article
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