Two big tech investors — Valor Equity Partners and Atreides Management — will back Elon Musk's OpenAI claims. About this write The Washington Post.
Musk opposes the restructuring and commercialization of OpenAI. He appealed to a federal court in Northern California to prohibit OpenAI from changing its structure, arguing that the nonprofit should not deviate from its original mandate approved by donors.
Musk was a co-founder of OpenAI in 2015 and a major backer of the project, but in 2018 he parted ways with the other co-founders after trying to gain control of the company.
The billionaire also wants the court to stop OpenAI from forcing its investors to withdraw support from rival AI companies, including his own startup xAI.
Last week, Encode, an organization that supports progressive technologies, filed to participate in the lawsuit and expressed support for Musk's lawsuits against OpenAI. This claim has been supported by several AI researchers, including Jeffrey Hinton, a former Google employee who won the Nobel Prize last year for his achievements in the field of artificial intelligence.
Antonio Gracias, CEO of the investment firm Valor Equity Partners, which invested in xAI, noted that there is a general understanding among investors that OpenAI persuaded its investors to refrain from investing in competitors during the last round of funding.
OpenAI spokesman Jason Deutrom cited a December 13, 2024, court filing in which the company said it does not prohibit its investors from supporting competitors. However, such investors will not receive information from OpenAI that could affect competition.
The stakes in the dispute have risen significantly since Musk became one of President-elect Donald Trump's top advisers. This could give it the ability to influence AI regulation, which in turn could affect OpenAI and the industry as a whole.
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