Elon Musk has requested a federal court to halt OpenAI's transition to a fully for-profit business model and block alleged anticompetitive practices. On Friday, attorneys for Musk, his startup xAI, and former OpenAI board member Shivon Zilis filed for a preliminary injunction. They accused OpenAI of violating antitrust laws by restricting investors from funding competitors like xAI. The filing also alleges federal RICO violations and claims OpenAI, in coordination with Microsoft, benefitted from competitively sensitive information. OpenAI denies the allegations, calling Musk's claims baseless.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Elon Musk has requested a federal court to halt OpenAI's transition to a fully for-profit
00:07business model and blocked alleged anti-competitive practices.
00:11Attorneys for Musk, his startup XAI, and former OpenAI board member Siobhan Zillis filed for
00:17a preliminary injunction on Friday.
00:19They accused OpenAI of violating antitrust laws by restricting investors from funding
00:23competitors like XAI.
00:25The filing also alleges federal RICO violations and claims OpenAI, in coordination with Microsoft,
00:31benefited from competitively sensitive information.
00:34OpenAI denies the allegations, calling Musk's claims baseless.