TLDR · BIG TECH & STARTUPS

MUSK SEEKS UP TO $134 BILLION DAMAGES FROM OPENAI, MICROSOFT

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Summary from the TLDR newsletter

Elon Musk wants OpenAI and Microsoft to pay him damages in the range of $79 billion to $134 billion as he claims OpenAI defrauded him by abandoning its nonprofit roots and partnering with Microsoft. The court filing says Musk is entitled to a chunk of OpenAI's current $500 billion valuation as he donated $38 million in seed money when he helped found the startup in 2015. Musk also plans to seek punitive damages and possibly an injunction. OpenAI claims the lawsuit is baseless and is aimed at harassment.