As OpenAI Celebrates Court Win Against Musk, Other Challenges Lie Ahead

The world's richest man Elon Musk lost his blockbuster lawsuit against artificial intelligence giant OpenAI on Monday, with a federal jury finding that the tycoon had waited too long to bring his case forward. The trial saw some of the most powerful figures in Silicon Valley go head-to-head with their competing ambitions for the rapidly changing technology.

A California court ruled on Monday that Elon Musk has waited too long to file a lawsuit against OpenAI's leadership accusing them of misleading the public about their plans to transform the once charity into a for-profit entity. Also in the business news this Tuesday, Standard Chartered cuts thousands of jobs as it accelerates adoption of AI and fires its CEO in South Korea over an insensitive promotional campaign.

Swan Bitcoin has been sued for allegedly using insider access to pull nearly $1 billion in Bitcoin and cash from Prime Trust days before its 2023 bankruptcy filing.

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A federal jury has thrown out every claim in Elon Musk’s lawsuit against OpenAI and Sam Altman, finding the case to have been filed past its legal deadline. Verdict Reached, But Battle Not Over A federal jury in Oakland, California sided with OpenAI on May 18, unanimously dismissing all claims in Elon Musk’s lawsuit against […]

Anthropic has acquired Stainless, a New York-based developer tools startup founded by former Stripe engineer Alex Rattray, in a deal reported to be worth more than $300 million. The acquisition removes a critical piece of shared AI infrastructure from competitors, as Anthropic confirmed it will wind down all hosted Stainless products and restrict access exclusively […]

Swan Bitcoin faces $970M Prime Trust lawsuit over 11,994 BTC, cash, stablecoins and XRP allegedly moved before bankruptcy in 2023 in courts.

While proprietary AI models such as OpenAI’s ChatGPT and Google Gemini remain popular, the tide may be shifting to open models as IT leaders move to customize AI and control costs. Sometimes known as “open-weight models,” the alternatives to large language models (LLMs) can provide decision-makers with better visibility and control over internal AI use, which closed models do not, analysts said. They can also help IT leaders control the economics and governance of AI within their organizations. “It’s almost like these blank canvases are available now and then you can paint it on your own,” said Deepak Seth, senior director analyst at Gartner. “You don’t have to make the canvas itself. So you’re not starting from scratch, even when you’re building your own model.” Open models are free to download and use. Users can tweak and deploy them to meet their own requirements, similar to the way Linux OS is available for anyone to download, tweak, and use. Open models have been gaining traction