Sam Altman and OpenAI Beat Elon Musk in Court, Paving the Way for a Potential IPO

Musk's suit alleged multiple defendants colluded to steal a charity, corrupting a technological nonprofit from within.

3 min read

Elon Musk's courtroom battle with OpenAI CEO Sam Altman came to an abrupt end on Monday after a jury unanimously found that Musk's claims that Altman was "stealing a charity" fell outside of the legal statute of limitations to be tried in court.

Musk's proposed case is linked to his past as a co-founder of OpenAI, which was founded as a nonprofit in 2015. Musk alleged that Altman used his financial resources to expand OpenAI's operations before turning the organization into a commercial entity.

Musk's suit said that Altman and OpenAI president Greg Brockman were in violation of a founding agreement(PDF) that states the corporation's technology "will benefit the public and [OpenAI] will seek to open source technology for the public benefit when applicable. [OpenAI] is not organized for the...

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