Elon Musk Loses OpenAI Trial, Vows Appeal After Jury Dismisses Claims Over Statute of Limitations

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.

A jury’s rejection of Elon Musk’s $150 billion lawsuit against OpenAI was a major hurdle crossed. But the maker of ChatGPT faces a list of other problems.

Times Opinion convened a panel of state experts to weigh in on the primary.

PLUS: How to 3D model anything with Claude and Blender

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.