The Real Losers of the Musk v. Altman Trial
A federal jury is now deciding whether Elon Musk will win his lawsuit against OpenAI and Sam Altman—but the trial has made everyone look bad.
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The post India’s IT shares hit three-year low as OpenAI move revives AI fears appeared on BitcoinEthereumNews.com. India’s biggest technology stocks just had their worst stretch in years, and the catalyst was not an earnings miss or a regulatory crackdown. It was OpenAI announcing a new enterprise AI venture backed by more than $4 billion. The Nifty IT index dropped 3.7% on May 12, marking its third consecutive session of losses and dragging the benchmark to levels not seen since May 2023. Service-oriented heavyweights like TCS, Infosys, and Wipro bore the brunt of the sell-off, as investors rushed to reprice what AI-native competitors could mean for the traditional outsourcing model that has powered India’s tech economy for decades. What happened and why it matters The new venture, armed with billions in capital, is aimed squarely at enterprise customers. The same enterprise customers that currently pay Indian IT firms to build, maintain, and manage their technology stacks. The sell-o
Read full articleA federal jury is now deciding whether Elon Musk will win his lawsuit against OpenAI and Sam Altman—but the trial has made everyone look bad.
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Lawyers for Elon Musk and OpenAI made their closing arguments in the blockbuster federal trial on Thursday. Nine jurors are set to begin deliberations next week.
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Today was closing arguments in the Musk v. Altman trial, and I almost feel bad writing about the unbelievable demolition derby I just witnessed. Steven Molo, Musk's lawyer, stumbled over his words. He at one point called Greg Brockman - a co-defendant - Greg Altman. He erroneously claimed that Musk wasn't asking for money and had to be corrected by the judge. He made it clear we've heard from many liars over the past few weeks, but offered little evidence for Musk's actual legal claims. OpenAI's lawyer, Sarah Eddy, countered this by simply arranging the mountain of evidence that the company introduced in chronological order. She didn't spen … Read the full story at The Verge.