Tag: ElonMusk

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Elon Musk loses case against OpenAI

Elon Musk has lost his lawsuit against OpenAI after a US jury ruled in favour of the artificial intelligence company, bringing an end to the trial at this stage.

The jury found that Musk’s case could not proceed because it was filed beyond the permitted legal time limit. As a result, the court did not examine the broader claims raised in the lawsuit.

Musk had alleged that OpenAI moved away from its original non-profit mission and shifted towards a profit-driven model, arguing that this change went against its founding principles. He also claimed he was misled during the early development of the organisation.

OpenAI, led by CEO Sam Altman, argued that Musk was aware of the company’s direction over time and that the lawsuit was filed too late. The company also said its shift to a commercial structure was necessary to support the growing cost of AI development.

The verdict is a major win for OpenAI, which has become one of the leading players in the global artificial intelligence industry. The decision removes a key legal challenge as the company continues to expand its operations and infrastructure.

Musk, a co-founder of OpenAI who later parted ways with the company, has since criticised its direction and launched rival AI ventures.

With the verdict now delivered, OpenAI is expected to continue its expansion plans, while Musk is likely to explore further legal options, including an appeal.

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Beyond

Musk–Altman OpenAI trial intensifies in court

The legal fight between Elon Musk and OpenAI CEO Sam Altman has escalated as Musk appeared in court and gave testimony in a closely watched trial over the future of the AI company.

Musk, who helped found OpenAI in 2015, told the court that the organisation was originally created to develop artificial intelligence for the benefit of humanity. He claims that over time, it moved away from that goal and became more focused on profit and commercial growth.

He also argued that OpenAI’s shift, especially after receiving major investment from Microsoft, went against its founding principles. Musk is now asking the court to remove Sam Altman and other top executives, reverse the company’s current structure, and award damages.

OpenAI has strongly denied these allegations. The company says its transition to a more commercial model was necessary to fund large-scale AI development. It also points out that Musk himself had considered similar directions before leaving the organisation.

The case has attracted global attention because it involves some of the biggest names in artificial intelligence. It also raises important questions about how AI companies should be structured and who should control advanced technologies.

During his testimony, Musk said his main concern was ensuring that AI remains safe and accessible, rather than being controlled by a few powerful companies or driven mainly by profit.

OpenAI, on the other hand, maintains that its current model allows it to raise the resources needed to compete in a rapidly evolving industry. The company says it remains committed to responsible AI development.

The trial is expected to continue for several more weeks, with both sides presenting evidence, including emails and internal discussions.

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Leaders

Musk post reignites debate on COVID vaccine safety

A fresh debate over COVID-19 vaccine safety has surfaced after Elon Musk shared and commented on claims made by a former pharmaceutical toxicologist during a hearing in Germany’s parliament. The discussion quickly spread across social media, drawing strong reactions from both supporters and critics.

The testimony was given by Dr Helmut Sterz, a former toxicology expert who has worked with pharmaceutical companies, including Pfizer. Speaking before a parliamentary committee reviewing Germany’s COVID-19 response, he questioned whether all long-term safety studies for mRNA vaccines were fully completed before emergency approval was granted.

He also raised concerns about certain reported side effects, suggesting that broader interpretation of adverse event data could point to higher risks. However, these claims are not confirmed by independent scientific reviews and remain disputed within the medical community.

Elon Musk added to the attention around the hearing by posting about it on social media. He also shared his personal experience with COVID-19 vaccination, saying he felt extremely unwell after his second dose and at one point feared he might need medical attention. His comments were widely shared and sparked renewed discussion online.

Public health experts have responded by cautioning against drawing conclusions from isolated testimonies or raw reporting data. They point out that vaccine safety monitoring systems record all health events after vaccination, whether or not the vaccine is actually the cause. This means the numbers can be misunderstood without proper scientific analysis.

Health authorities in Europe and other regions continue to maintain that COVID-19 vaccines went through large-scale testing and ongoing safety monitoring, and they remain effective in preventing severe illness and hospitalisation.

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Corporate

Musk moves to oust OpenAI CEO Altman

Elon Musk has stepped up his legal battle with OpenAI, now asking the court to remove CEO Sam Altman from his position. He is also seeking the removal of OpenAI president Greg Brockman as part of the case.

Musk, who helped start OpenAI in 2015, has been critical of how the company has changed over time. In his lawsuit, he claims OpenAI has moved away from its original goal of working as a non-profit focused on public benefit and has instead become more profit-driven.

According to Musk, he supported the organisation in its early days based on the idea that it would remain non-commercial. He now argues that the company’s current structure and partnerships go against that vision.

As part of the updated lawsuit, Musk is also seeking huge financial damages, reportedly over $100 billion. However, he has said that any money awarded should go to OpenAI’s non-profit arm, not to him personally.

OpenAI has strongly denied these claims. The company says Musk’s accusations are unfounded and has pushed back against his demands, calling them disruptive. It has also suggested that Musk’s actions may be influenced by competition, as he now runs his own AI company, xAI.

The dispute highlights the growing tension between Musk and OpenAI, especially as both are now competing in the fast-moving artificial intelligence space.

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Corporate

Musk links SpaceX IPO to Grok subscriptions

Elon Musk is making headlines with an unusual request ahead of SpaceX’s planned IPO. Reports suggest that major banks hoping to take part in the stock offering must first subscribe to Grok, the artificial intelligence platform created by Musk’s company xAI.

This move is unusual because banks normally don’t have to use a company’s product to participate in an IPO. By tying Grok subscriptions to IPO involvement, Musk appears to be promoting his AI platform while also involving financial institutions in his broader business ecosystem.

Grok is a chatbot designed to compete with other AI systems, and Musk has promoted it as fast, innovative, and capable of “thinking outside the box.” While it’s still a new platform, Musk seems keen to expand its reach, especially among banks that will play a key role in SpaceX’s listing.

The SpaceX IPO is expected to be one of the biggest in years, potentially valuing the company at over $100 billion. Being a lead banker or adviser on the deal comes with significant fees and prestige, which makes banks willing to consider Musk’s unusual condition.

Some bankers see subscribing to Grok as a minor cost compared with the potential gains from the IPO. Others are concerned about how the requirement might look, questioning whether it is standard practice in the industry.

SpaceX has not commented on the request publicly, and Musk has stayed quiet about the details. However, his push for Grok is consistent with his ongoing efforts to grow the AI platform and make it more visible in the tech and finance sectors.

If banks agree, Grok’s user base and reputation could grow significantly. But if they resist, it could create delays or complications for SpaceX’s IPO process.

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Leaders

Elon Musk liable for misleading Twitter investors

A US jury has ruled that Elon Musk is liable for misleading investors during his high-profile $44 billion takeover of Twitter in 2022. The decision comes after a long-running legal battle brought by shareholders who claimed his public statements caused confusion and financial losses.

The case focused mainly on a series of tweets Musk posted in May 2022, including one where he said the deal was “on hold” due to concerns about fake or spam accounts on the platform. According to the jury, these statements were inaccurate and had a direct impact on Twitter’s share price, which fluctuated sharply at the time.

Investors argued that such posts influenced market sentiment and led some shareholders to sell their stock at lower prices, resulting in losses. The jury agreed that Musk’s comments were misleading and played a role in affecting investor decisions during a critical phase of the acquisition.

However, the ruling stopped short of fully backing claims that Musk carried out a deliberate fraud scheme. While he was found responsible for making misleading statements, the jury did not conclude that he intentionally planned to deceive investors on a large scale.

The lawsuit also claimed that Musk’s repeated criticism of Twitter’s business, particularly his focus on the number of bot accounts — was an attempt to renegotiate the deal or lower the purchase price. Musk had initially tried to back out of the acquisition before eventually completing it later in 2022 at the agreed value.

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1 Minute-Read

Teens sue Elon Musk’s xAI over AI deepfakes

Three Tennessee teens have filed a federal lawsuit against Elon Musk’s xAI, alleging its AI chatbot Grok was used to turn their real photos into sexualized deepfakes. Two plaintiffs are minors.

The images were shared on platforms like Discord and Telegram. The teens claim xAI failed to prevent misuse and seek damages plus restrictions on Grok’s image functions.

The case highlights growing concerns over AI-generated non-consensual content.

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Leaders

Indian-origin techie joins Elon Musk’s xAI

Aman Gottumukkala, an Indian-origin software engineer based in Texas, has joined Elon Musk’s artificial intelligence company xAI. He will work on AI tools that can help developers write software faster and smarter.

Gottumukkala shared the news on X (formerly Twitter), saying he will help build “the best coding AI.” He also mentioned that he has spent the past few years running a small startup with just three people, creating popular tools for Android developers that made millions in revenue.

Elon Musk welcomed him to the xAI team, highlighting the importance of this new addition.

Before joining xAI, Gottumukkala co-founded Firebender, an AI tool that helps programmers write and organize code. Despite being built by only three people, Firebender became popular among developers and earned significant revenue.

The startup was also supported by Y Combinator, a well-known program that helps new technology companies grow.

At xAI, Gottumukkala will focus on creating AI systems that make coding easier and faster. By working with Musk’s team and resources, he hopes to solve tough problems in AI and improve software development for people around the world.

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Leaders

Elon Musk tops Forbes Billionaires list

The 2026 Forbes World’s Billionaires list shows a record number of wealthy people around the world. There are now 3,428 billionaires, the most in the list’s 40-year history. Together, they are worth $20.1 trillion, up from $16.1 trillion last year.

Elon Musk is at the top, becoming the richest person ever with an estimated net worth of $839 billion. His wealth has grown by about $500 billion in one year, thanks to the rising value of Tesla and SpaceX. Musk is the first person to reach more than $800 billion and could become the world’s first trillionaire if this continues.

The next richest are tech leaders Larry Page ($257 billion) and Sergey Brin ($237 billion), co-founders of Google. Jeff Bezos ($224 billion) and Mark Zuckerberg ($222 billion) follow them.

This year’s list also includes 390 newcomers, like musician and entrepreneur Dr. Dre, singer Beyoncé, tennis star Roger Federer, and Kimbal Musk, Elon Musk’s brother. Many of them joined the list because they now own large shares in successful companies.

The United States has the most billionaires with 989 people, followed by China (539) and India (229). Celebrity billionaires are also increasing. There are now 22 athletes and entertainers worth over $48 billion in total, up from 18 last year.

Forbes’ ranking is based on the value of stocks, companies, and other assets as of March 1, 2026. The list shows that most of the world’s wealth is still concentrated in technology and media, with new gains coming from AI and other fast-growing industries.

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Leaders

Elon Musk’s $850 bn fortune nears trillion mark

Elon Musk is edging closer to a milestone no individual has ever reached, a personal fortune of one trillion dollars. With his net worth now estimated at around $850 billion, the entrepreneur’s financial rise reflects not just the success of a single company, but the combined momentum of electric vehicles, space technology and artificial intelligence.

The sharp surge in wealth has been driven largely by the soaring valuations of his biggest ventures. Tesla continues to command strong investor attention, while privately held SpaceX has seen its value climb as commercial launches and satellite services expand. The growing buzz around xAI has added another powerful layer to Musk’s financial story, turning his AI ambitions into a major wealth engine.

Despite the staggering figure, most of this fortune exists on paper. Musk’s wealth is tied to his ownership in these companies rather than cash in the bank, meaning daily market movements and fresh funding rounds can dramatically change the total. That also explains how his net worth has leapt by hundreds of billions within a relatively short span.

What sets this moment apart is the scale of his lead over other billionaires. The gap between Musk and the rest of the world’s richest has widened so much that the trillion-dollar conversation now feels less like speculation and more like a question of timing.

For observers, the story is also about how future-facing industries are reshaping global wealth. Electric mobility, reusable rockets, satellite internet and AI are no longer experimental ideas, they are high-value businesses capable of creating unprecedented personal fortunes.

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