In a surprising development, billionaire entrepreneur Elon Musk has initiated legal proceedings against OpenAI, the organization he played a pivotal role in establishing back in 2015 along with big investments from Microsoft. Musk's lawsuit is rooted in claims that OpenAI's emphasis on profitability has steered it away from its original mission of fostering artificial intelligence technology for the greater good of humanity.
Bird Trouble For Elon Musk - Court Says Billionaire Must Testify in Twitter Probe
12.02.2024 - 02:01 / tech.hindustantimes.com / Elon Musk
A federal court in California is enforcing a subpoena for Elon Musk to testify before the US Securities and Exchange Commission regarding potential violations of federal securities laws in connection with his purchase of Twitter.
The court ruled the evidence gathered is relevant and material to the SEC's investigation and the testimony required of Musk is not unduly burdensome, a court filing Friday said. The two parties were ordered to meet within one week and decide on a date and location for the testimony.
Musk had testified before the SEC twice in half-day sessions on July of 2022. But the agency, having since received “thousands of new documents” from various parties, including some authored by Musk, wants to ask him about new information. Musk's counsel agreed with the SEC to testify last September before requesting to postpone the meeting by one day and later refusing to appear, according to Friday's filing.
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The SEC is seeking information about Musk's purchases of Twitter stock ahead of the company's acquisition.
The Tesla CEO and co-founder, whose purchase of Twitter, now known as X, concluded in October of 2022, refutes the grounds for the SEC's investigation, calling it baseless and claiming it seeks irrelevant information, court filings say.
Musk also contends the subpoena exceeds the SEC's authority because it was issued by an SEC staffer appointed by the agency's director of enforcement, not by an officer appointed by the president, a court or the head of a federal department. The court denied this on Friday, saying the subpoena is authorized by the Exchange Act.
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tech.hindustantimes.com
01.03.2024 / 14:34
Elon Musk sues OpenAI and CEO Sam Altman, claiming betrayal of its goal to benefit humanity
Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker's founding aims of benefiting humanity rather than pursuing profits.
tech.hindustantimes.com
01.03.2024 / 14:34
For humanity's sake! Elon Musk is right about Sam Altman-led OpenAI’s hypocrisy
Call it an epic troll by Elon Musk if you want, but the billionaire's lawsuit against OpenAI puts a refreshing spotlight on the endless humanitarian posturing by AI businesses.
wccftech.com
01.03.2024 / 12:07
OpenAI Is Not So Open: Elon Musk Sues ChatGPT’s Creator and Its CEO Sam Altman for Deviating From the Company’s “Non-Profit” Ethos
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
rockpapershotgun.com
01.03.2024 / 11:23
Crash Bandicoot 4 studio Toys For Bob split from Activision and Microsoft to go independent
As the video games industry violently contracts to ensure shareholder satisfaction at the cost of making thousands upon thousands of people unemployed, Skylanders studio Toys For Bob have announced they're splitting from Activision Blizzard and Microsoft to go independent. Good for them, but maybe too late for some. Earlier this month, the San Francisco Chronicle reported that it seemed Activision Blizzard were closing Toys For Bob's California headquarters and laying off 86 people. Still, the new independent Toys For Bob say they're working on something new and "exploring a possible partnership" with Microsoft.
techradar.com
01.03.2024 / 10:51
People will be discovering Immortals of Aveum for 'years and years' says studio founder
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ign.com
29.02.2024 / 21:21
Crash 4 Developer Toys for Bob Is Officially Going Indie
Amid mass layoffs, studio closures, and general industry uncertainty, today began with a handful of studios and companies reclaiming control of their own destinies. We learned this morning that Saber Interactive and Gearbox are reportedly breaking free of Embracer Group. And now, it looks like Crash Bandicoot developer Toys for Bob has sprung free of Activision and Microsoft.
videogameschronicle.com
29.02.2024 / 20:33
Skylanders and Crash Bandicoot studio Toys For Bob is leaving Activision and going independent
Skylanders and Crash Bandicoot developer Toys for Bob has announced plans to go independent.
tech.hindustantimes.com
29.02.2024 / 08:14
Google Gemini AI images disaster: What really happened with the image generator?
Google has been in hot waters recently over the inaccuracies of Gemini, its AI chatbot, in generating AI images. In the last few days, Gemini has been accused of generating historically inaccurate depictions as well as subverting racial stereotypes. After screenshots of inaccurate depictions surfaced on social media platforms including X, it drew criticism from the likes of billionaire Elon Musk and The Daily Wire's editor emeritus Ben Shapiro. Google's AI chatbot Gemini has come under fire for inaccuracies and bias in image generation. From the problems, Google's statement to what really went wrong and the next steps, know all about the Gemini AI images disaster.
wccftech.com
28.02.2024 / 13:42
Elon Musk Responds To The News Over Apple Reportedly Abandoning Its Self-Driving Project, In Two Emojis
A few hours after it was revealed that Apple had severed all work being done on its autonomous car project, Tesla CEO Elon Musk decided to take advantage of the platform that he acquired and renamed to X as he responded to the latest news. However, Musk’s reaction was thoroughly subtle and included just two emojis, opening a wave of speculation on what exactly he meant.
tech.hindustantimes.com
23.02.2024 / 16:37
Billionaire Elon Musk announces Xmail launch, sends tech world buzzing
In a move that has set the tech industry abuzz, Elon Musk, the CEO of X, has officially confirmed the upcoming launch of Xmail. The announcement has triggered widespread speculation about the potential competition it could pose to Google's dominant Gmail service. Musk's revelation follows a whirlwind of rumors surrounding the alleged impending shutdown of Gmail, which had ignited a storm across the internet.
tech.hindustantimes.com
23.02.2024 / 02:20
Elon Musk, Bill Gates to Jensen Huang, AI Billionaires Club Looks Like a New Gilded Age
After several decades of transformative tech wealth, the AI boom is ushering in another. Not only has Nvidia Corp.'s soaring valuation made co-founder Jensen Huang an extremely wealthy man, but his distant cousin Lisa Su, head of Advanced Micro Devices Inc., is now worth $1.2 billion. A glance at the top 10 richest people in the world shows tech leaders, from Elon Musk to Bill Gates, are still on top.