Elon Musk Vs. OpenAI - The Lawsuit

Elon Musk filed a lawsuit last week against OpenAI and its CEO Sam Altman, alleging the company’s deal with Microsoft compromised the start-up’s original mission. Musk is seeking disgorgement, additional unspecified damages and specific performance.

Let’s go through these claims one by one, see what legal experts have been saying about the case. We will also discuss the Open AI memo saying that the claims in this lawsuit suit stem from Elon’s regrets about not being involved with the company today and the emails OpenAI released showing that Musk initially supported the plan to create a for-profit entity and wanted a merger that would make Tesla its "cash cow."

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[JanBruunAndersen]

I don't think that it has conclusively been proved that Elon Musk is human.

[hillct]

The most likely reason the suit was filed in California is that California specifically recognizes an enforces verbal contracts to an extent that other states typically do not. That said, even with diversity jurisdiction, the case would likely be decided using Delaware law, regardless of whether or not the case was actually tried within the borders of Delaware.

[kimmatzen]

Your Honor.

On my reputation as YouTubes premier rap based financial review channel I can with 110% certainty declare that Elon Musk is a part of humanity.

[bubbasbigblast]

The problem is, the whole nonprofit-to-profit thing is actually quite bad, because it might have been done to ensure investors would accept having less control over the eventually for-profit entity by using charity as a mask, which would basically be a deceptive trade practice.

[secsuckitdeep]

Something for the legend Adam Neumann here? "Launching as a non-profit before tansferring the IP into a for profit"-pure genius..

[awijntje]

So good to hear Patrick talk about what he loves "beef in the billionaire rap scene"....

[GAHAHAHH]

It seems criminal to me that they can call it "OpenAI" and have no part of it be open source by any stretch of the imagination.

[jsnlgrrtt]

I often wonder how a financial youtuber could have one of the funniest channels on the platform.

[Bewilderebeest]

The world would be a worse place if we all had the money to file lawsuits just because we were feeling salty 😂

[Wanderer]

He left OpenAI years ago, and made no legal contract on how OpenAI should be continued, and he thinks he gets a say so on how OpenAI should continue??? When he left OpenAI he forfeited that right. Now he has just as much say so as any other standard employee that quits OpenAI

[Confucius_Says...]

Looks like Musk's legal brief was written by Chat Gpt😂

[michaelvandernaald]

I really appreciated and benefitted from the set theoretic explanations in the video. Thanks, Patrick.

[isaacmartin]

Damn you Patrick... Two minutes in and your set gag already has me spluttering coffee! Love the dry wit you pepper wry observation with.

[Bobbobbob]

The problem with this "tax loophole" is that donating money only gets you limited say on what the nonprofit does. The nonprofit still has a fiduciary duty to the public to advance it's mission. This LLC as it's found apparently does as well. If they aren't acting accordingly the attorney general would have to be involved it sounds like.

[emanuellandeholm]

Thanks for the subsets illustration. I was getting confused.

[UncleJoeLITE]

Looking very dapper, sir. Wasn't expecting this today.

[Duke]

If Elon was profiting off of OpenAI, he sure as hell wouldn't have sued them now lmao.

[MrNmc]

Have you guys heard about the lawyers asking for 6 Bil in fees, for the tesla payment package lawsuit? To be paid in Tesla shares. makes it to 288k an hour, lawyer costs. I should have been a lawyer!

[CobaltLobster]

It was filed in CA because it would have already been dismissed as BS in DE.

[juwright]

Absolutely outstanding! I am always impressed with your research, preparation and delivery of your videos. Well done. 👍🏻