Elon Musk Sues This AI Company: This Altcoin Slipped From The Top!

Elon Musk filed a lawsuit against OpenAI and Sam Altman, alleging treason and shifting towards profit-oriented artificial intelligence. The lawsuit calls for a return to OpenAI’s open source ethos amid concerns of AGI exploitation. Criticisms of OpenAI’s board structure highlight a lack of technical expertise. Meanwhile, the price of Worldcoin (WLD), behind which Sam Altman is behind, fell due to the news.

Elon Musk sues Sam Altman and OpenAI for alleged treason

Elon Musk, the technology visionary behind Tesla and owner of the X, is making headlines once again. However, this time it’s not for its ambitious ventures into space or electric cars. Instead, it became embroiled in a legal dispute with OpenAI and its CEO Sam Altman over alleged violations of their non-profit agreements.

Meanwhile, the lawsuit claims that OpenAI’s shift toward commercial interests, particularly with tech giant Microsoft, conflicts with its original mission to develop artificial intelligence for the benefit of humanity. Following this news, the price of Worldcoin, which Sam Altman was behind, started to fall. The token fell to $7.5 after rising from $8.4 during the day.

WLD price chart. Source: CoinMarketCap

What is the background of the case?

Elon Musk claims in a recent filing that the company’s recent partnership with Microsoft has diverted from its initial goal of promoting open-source artificial general intelligence (AGI) for the greater good. Additionally, he accuses OpenAI of turning into a for-profit closed-source organization rather than advancing technology for the benefit of humanity. This latest development has sparked controversy, especially at a time when global demand for AI services is increasing.

Meanwhile, Musk’s lawsuit filed in San Francisco Superior Court outlines several complaints. These include breach of contract, breach of fiduciary duty, and unfair business practices. Besides this, he demands that OpenAI return to the open source ethos. It also seeks an injunction to prevent AGI technology from being exploited for profit. According to Musk, the launch of GPT-4 in March 2023 marks a significant departure from OpenAI’s principles. AI progress has been touted as a milestone. Despite this, GPT-4 remains a closed model, unlike previous iterations. Elon Musk says this shift towards proprietary technology serves Microsoft’s financial interests. He also claims that OpenAI’s non-profit status undermines its original purpose.

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