Gate News reports that on March 17, Elon Musk posted on X stating that any winnings from the OpenAI lawsuit will be donated to charity and will not benefit him in any way. The case was filed by Musk in 2024, accusing OpenAI CEO Sam Altman and partner Microsoft of abandoning OpenAI’s original non-profit mission in favor of a profit-driven structure to pursue commercial interests. Musk is one of the co-founders of OpenAI, involved in its founding in 2015 with approximately $38 million, and left in 2018. He is currently leading the AI company xAI. On March 13, presiding judge Yvonne Gonzalez Rogers ruled during a pre-trial conference in Oakland, California, that expert testimony from Musk’s side, including economist C. Paul Wazzan from Berkeley Research Group, regarding damages is not excluded. Wazzan’s report estimates that if the jury finds OpenAI in breach, OpenAI could owe up to $109 billion. Wazzan also estimated that Microsoft should pay $25 billion, but the judge has not yet ruled on this. The judge also preliminarily ruled that Musk cannot seek punitive damages. She noted that even if Musk wins, the actual compensation could be far less than $109 billion: some claims may be barred by statutes of limitations, and the jury might also determine that Musk’s contribution to OpenAI’s success should only be partial. The case is scheduled for jury trial on April 28. OpenAI and Microsoft deny all allegations.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Gate Daily Report (May 7): The White House will announce Bitcoin reserves “in the next few weeks”; Samourai co-founder calls for crypto donations
Bitcoin (BTC) gave back the overnight gains, trading at around $81,000 as of May 7. White House adviser Patrick Witt said the latest update on the U.S. Bitcoin reserve will be released “within the next few weeks.” Samourai Wallet co-founder called for donations of Bitcoin from the federal prison, and President Trump’s hopes for a pardon are slim.
MarketWhisper1h ago
A U.S.-Iran peace memorandum has been released? Oil prices plunge, U.S. stocks hit new highs, and Bitcoin rises to $82K
A U.S.-Iran peace memorandum has been released, signaling an end to the war and a framework for nuclear talks, with oil prices falling more than 7% and energy risks easing. U.S. stocks hit fresh highs driven by AI and semiconductors, with AMD and NVIDIA leading gains. Bitcoin rose to about $82,850, pushed by inflows into spot ETFs and a squeeze on shorts. TON surged to $2.45 after Telegram took over governance, with a notably strong rally.
ChainNewsAbmedia2h ago
White House Digital Asset Advisor: Bitcoin Reserve Announcement Within Weeks
Patrick Witt, Secretary General of the White House Digital Asset Advisory Committee, stated on June 6 at Consensus 2026 in Miami that an announcement regarding the U.S. government's Strategic Bitcoin Reserve is expected within weeks, according to CoinDesk. The statement follows President Donald Trum
CryptoFrontier5h ago
Kevin O'Leary Says Tokenization Boom Remains All Talk Without Clear Crypto Rules
Kevin O'Leary recently stated that Wall Street's tokenization boom lacks substance without clear U.S. crypto regulation and compliance standards. According to O'Leary, institutional investors continue to view tokenization as too risky in the absence of regulatory clarity, limiting broader market
GateNews9h ago
Bitcoin Breaks Above $82K to Highest Since January, Driven by $2.44B ETF Inflows
At the time of writing, Bitcoin broke above $82,000 to reach its highest level since late January, driven by $2.44 billion in spot ETF inflows during April and over $300 million in short liquidations in 24 hours. BTC traded near $82,300, up approximately 14% from early April lows. BlackRock's IBIT a
GateNews18h ago
