Billionaire Elon Musk has reorganized his artificial intelligence startup xAI in preparation for a merger with SpaceX and a planned initial public offering later this year, potentially one of the largest IPOs ever. The overhaul follows the recent departure of several co-founders, leaving only six of the original twelve, as Musk positions the company to […]
AI startup
Musk seeks $134B from OpenAI, Microsoft
Elon Musk is suing OpenAI and Microsoft for up to $134 billion, claiming “wrongful gains” from his early support of OpenAI. He says OpenAI earned $65.5–$109.4 billion and Microsoft $13.3–$25.1 billion due to his contributions. Musk alleges the companies profited unfairly after he helped found OpenAI in 2015. Musk contributed $38 million, about 60% of […]