>> Bill: MUSK SUING OPEN A.I.
AND FOUNDERS FOR BREACH OF CON
TROT.
HE INVESTED IN THE COMPANY
BECAUSE HE WAS PROMISED OPEN AI
WAS A NONPROFIT TRYING TO
DEVELOP ARTIFICIAL INTELLIGENCE
TO BENEFIT HUMANITY.
MUSK SAYS THE COMPANY IS NOW
ONLY INTERESTED IN MAKING MONEY.
FOX BUSINESS’S KELLY O’GRADY HAS
MORE ON THIS.
WHERE IS IT GOING?
>> I JUST DUG INTO THE LAWSUIT
AND LET ME BREAK IT DOWN FOR
YOU, MUSK IS SUING ON THE
GROUNDS OPEN AI SAM ALTMAN
ABANDONED THE NONPROFIT MISSION
AND OWE HIM MILLIONS OF DOLLARS
FOR DONATING UNDER FALSE
PROMISES.
MUSK USED HIS BRANDS AND
CONNECTION AND $44 MILLION OF
HIS MONEY TO FUND THE EFFORTS TO
DEVELOP A.I. FOR GOOD.
HOWEVER, IN 2019 OPEN AI CREATED
A SEPARATE FOR-PROFIT ARMED
FUNDED AND PARTIALLY OWNED BY
MICROSOFT.
THE KEY DRIVER OF THE LAWSUIT.
MUSK LAWYERS ARGUE OPEN A.I. HAS
TRANSFORMED INTO A SUBSIDIARY OF
THE LARGEST TECH COMPANY IN THE
WORLD.
IT’S NOT DEVELOPING BUT REFINING
A.I. TO MAXIMIZE PROFITS FOR
MICROSOFT RATHER FOR THE BENEFIT
OF HUMANITY.
BASIC WILL I ANYONE COULD
BENEFIT FROM THE COMPANY’S
DISCOVERIES.
THE MOST ADVANCED PRODUCTS LIKE
CHATGPT ARE CLOSED OFF NOT FROM
MICROSOFT.
OTHERS HAVE THESE CONCERNS.
THE SUIT FOLLOWS A PUBLIC FIRING
OF ALTMAN ON ACCUSATIONS HE WAS
PURSUING PROFIT OVER SAFETY.
THAT NONPROFIT BOARD WAS AXED IN
A COUP THAT RESTORED HIM AS CEO.
MUSK LOOKING TO RECOUP THAT
MONEY.
HE WAS THE CHAIR OF A NONPROFIT
FOUNDATION.
THIS WASN’T A TRADITIONAL
INVESTMENT WITH EQUITY.
HE CONTINUED TO DONATE THROUGH
2020.
THERE ARE TWO WAYS OF LOOKING AT
THIS.
MUSK IS CONCERNED ABOUT THE
DIRECTION A.I. IS TAKING BUT HAS
SKIN IN THE GAME.
ANY TROUBLE FOR OPEN A.I. WOULD
HELP HIM.