Sam Altman testifies Elon Musk demanded 90% control of OpenAI

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…

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.

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

Increased scrutiny on Altman's investments could delay OpenAI's IPO, highlighting the need for transparent governance and conflict resolution. The post OpenAI CEO Sam Altman’s investments face GOP scrutiny ahead of IPO appeared first on Crypto Briefing.

The post Bitget’s OpenAI-linked token sale tops $100M before deadline appeared on BitcoinEthereumNews.com. Bitget said commitments for its OpenAI-linked preOPAI sale on IPO Prime passed $100 million before the subscription window closed on May 15 at 8:00 UTC.  Summary Bitget said OpenAI-linked preOPAI commitments passed $100 million before the May 15 subscription deadline. Crypto.news earlier noted preOPAI offers OpenAI-linked exposure but does not represent direct company equity. Bitget’s own terms say OpenAI has not endorsed, approved or authorized the preOPAI product. The product gives eligible users exposure tied to OpenAI’s possible future public listing. The exchange listed preOPAI as the second project on IPO Prime. Earlier crypto.news coverage said the sale opened on May 12, with preOPAI priced at $725 per token. It also noted that the product gives OpenAI-linked exposure but does not represent direct company equity. How the preOPAI sale works Bitget’s support page says preOPAI

Bitget says OpenAI-linked preOPAI commitments topped $100M as its IPO Prime sale neared the May 15 deadline, despite equity risks.