Crypto News·
Musk accuses OpenAI of hijacking his $38M “safe, open AI” nonprofit into a closed AGI cash machine for Altman and Microsoft; a jury now weighs trust, timing and power. In his closing for Musk, attorney Steven Molo told the nine‑person…
Read full articleThe trial's revelations could impact investor confidence and reshape perceptions of AI governance, affecting future nonprofit-to-profit transitions. The post Sam Altman testifies Elon Musk demanded 90% control of OpenAI appeared first on Crypto Briefing.
The UK’s competition regulator has launched a broad antitrust investigation into Microsoft’s business software ecosystem, opening a new front in growing regulatory scrutiny of how cloud platforms, productivity software, and embedded AI capabilities may affect competition in enterprise technology markets. UK’s Competition and Markets Authority (CMA) said in a statement that it had opened a Strategic Market Status (SMS) investigation into Microsoft’s business software operations under the country’s new digital markets regime. The regulator said it will assess whether Microsoft has “substantial and entrenched market power” and a “position of strategic significance” in business software markets. “The investigation will assess whether Microsoft is using its position in business software to limit competition in cloud services, cybersecurity, communications, and AI,” the regulator said in a statement. The case is the fourth strategic market status (SMS) investigation the regulator has opened
Over the past 25 years, Bengaluru, still popularly known as Bangalore, has transformed into India's Silicon Valley. The South Indian city of nearly 15 million people is now home to global tech giants including Apple, Microsoft, Intel, Adobe and Boeing, as well as thousands of startups. But this rapid development comes with environmental consequences. Our correspondents report.
The post Sam Altman testifies he was uncomfortable with Elon Musk’s demand for total control over OpenAI appeared on BitcoinEthereumNews.com. Sam Altman took the stand in a federal courtroom and told a story that reads like a Silicon Valley succession drama. During discussions about restructuring OpenAI in 2017, Elon Musk didn’t just want a seat at the table. He wanted to own the table, the chairs, and pass them down to his kids. Altman testified that Musk insisted on “total control” over a proposed for-profit subsidiary of OpenAI, going so far as to suggest that leadership of the entity should transfer to his children after his death. Altman said he found the demand uncomfortable, and more importantly, fundamentally at odds with how OpenAI was designed to operate. The founding principle that started the fight Here’s the thing about OpenAI’s origin story: it was built around the idea that artificial general intelligence, the kind of AI that could match or exceed human-level reasoning,
The lawsuit could set a precedent for AI liability, impacting regulatory frameworks and increasing compliance costs for AI and crypto projects. The post OpenAI sued over ChatGPT’s alleged role in teen’s fatal overdose appeared first on Crypto Briefing.
IREN closed a $3B convertible notes offering as the Bitcoin miner turned AI cloud firm funds growth after Nvidia and Microsoft deals.
Altman's testimony highlights the tension between collaborative AI development and individual control, impacting future AI governance debates. The post Sam Altman testifies he was uncomfortable with Elon Musk’s demand for total control over OpenAI appeared first on Crypto Briefing.
The post Apple (AAPL) Stock Dips as OpenAI Considers Legal Action Over ChatGPT Partnership appeared on BitcoinEthereumNews.com. Key Highlights OpenAI has engaged external legal counsel to evaluate potential action against Apple, including breach-of-contract claims The Siri-ChatGPT partnership significantly underperformed expectations for subscriber growth and revenue generation Apple shares declined by up to 1.2% to $295.38 following Thursday’s disclosure The upcoming iOS 27 release will enable access to competing AI platforms, including Google Gemini and Anthropic’s Claude OpenAI’s ~$6.5B purchase of Jony Ive’s hardware venture adds competitive friction between the companies The collaborative arrangement between Apple and OpenAI appears to be collapsing. According to Bloomberg reporting, OpenAI has retained external legal representation to assess potential courses of action, potentially including formal breach-of-contract notification to Apple. OPENAI-APPLE PARTNERSHIP IS HEADING TOWA
