Elon Musk Vs. OpenAI - The Lawsuit

Elon Musk filed a lawsuit last week against OpenAI and its CEO Sam Altman, alleging the company’s deal with Microsoft compromised the start-up’s original mission.  Musk is seeking disgorgement, additional unspecified damages and specific performance. Let’s go through these claims one by one, see what legal experts have been saying about the case. We will also discuss the Open AI memo saying that the claims in this lawsuit suit stem from Elon’s regrets about not being involved with the company today and the emails OpenAI released showing that Musk initially supported the plan to create a for-profit entity and wanted a merger that would make Tesla its "cash cow." Patrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvCPatreon Page: https://www.patreon.com/PatrickBoyleOnFinanceBuy Me a Coffee: https://buymeacoffee.com/patrickboyleVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle on YouTubePapers Mentioned:Copy of the Legal Complaint: https://assets.bwbx.io/documents/users/iqjWHBFdfxIU/rYCUmwA4Xxpw/v0Ann Lipton Blog: https://lawprofessors.typepad.com/business_law/2024/03/spins-roulette-wheel-moelis-and-openai.htmlJeremy Tilman Blog: https://lawprofessors.typepad.com/contractsprof_blog/2024/03/musk-v-altman-the-breach-of-contract-claims.htmlMatt Levine Article: https://www.bloomberg.com/opinion/articles/2024-03-01/openai-isn-t-open-enough-for-elon Nilay Patel Article: https://www.theverge.com/2024/3/1/24087937/elon-musk-suing-openai-nightmare-1l-contracts-exam Support the show