AI BriefingElon Musk loses lawsuit against Sam Altman and OpenAI
Key point
The jury found that Musk's claims were time-barred, resulting in a win for OpenAI.
Details
A California jury of 9 unanimously found that claims brought by Elon Musk against Sam Altman, Greg Brockman, OpenAI, and Microsoft exceeded the statute of limitations.
OpenAI argued that the damages occurred before the accrual date for each claim, and the jury agreed. The accrual dates were split into August 5, 2021, August 5, 2022, and November 14, 2021.
The verdict removes a key threat to OpenAI's reported restructuring plans ahead of an IPO, and also clears Microsoft of the claim that it aided and abetted a breach of charitable trust. Judge Yvonne Gonzalez Rogers said there was sufficient evidence to support the jury's finding, and Musk has signaled he will appeal to the Ninth Circuit.
During the damages hearing, Musk's expert Dr. C. Paul Wazzan estimated OpenAI and Microsoft's unjust enrichment at $78.8 billion to $135 billion, but the judge noted that the analysis was not well connected to the facts.
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