Musk Wants Up to $134B in OpenAI Lawsuit, Despite $700B Fortune
Musk's legal team argues he should be compensated as an early startup investor who sees returns 'many orders of magnitude greater' than his initial investment.
The Verge reported that Elon Musk's lawyers are seeking up to $134 billion in damages from OpenAI, despite the billionaire's net worth being over $700 billion.
The lawsuit stems from Musk's early investment in OpenAI, which he made in 2015. Musk's team argues that he should be compensated for the returns he saw on his investment, which they claim are 'many orders of magnitude greater' than his initial investment.
The lawsuit is a significant development in the ongoing saga between Musk and OpenAI. The two companies have been at odds over the direction of AI research and development, with Musk's team accusing OpenAI of prioritizing profits over safety.
The case is set to be heard in court later this year.
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[5] Musk wants up to $134B in OpenAI lawsuit, despite $700B fortune