BlockNews
FOLLOW ON X
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • SUI
    • CHAINLINK
    • LITECOIN
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Elon Musk Drops Lawsuit Against OpenAI and Founder Sam Altman

Michael Juanico by Michael Juanico
June 11, 2024
in CRYPTO
Reading Time: 3 mins read
1
SHARES
19
VIEWS
Share on XShare in TelegramShare on Reddit

• Elon Musk withdrew his lawsuit against OpenAI, Sam Altman and Greg Brockman on Tuesday in California state court
• The case was dismissed without prejudice according to a court filing
• Musk had filed a lawsuit against OpenAI, Altman and Brockman in February for breach of contract and fiduciary duty

Elon Musk made headlines this week when he abruptly dismissed his lawsuit against artificial intelligence startup OpenAI and its cofounders Sam Altman and Greg Brockman. The case, filed just months earlier in California state court, alleged the OpenAI founders reneged on an oral agreement with Musk regarding the company’s future. However, Musk’s decision to withdraw the suit does not signal a truce in the simmering battle between the billionaire tech moguls over the future of AI.

JUST IN: Elon Musk withdraws lawsuit against OpenAI and founder Sam Altman, ending a legal battle over alleged breach of contract and fiduciary duty

— BlockNews.com (@blocknewsdotcom) June 11, 2024

Background on the Lawsuit

In February, Musk filed a lawsuit accusing Altman, Brockman, and OpenAI of breaching an oral contract made when the company was founded in 2015. Musk claimed the OpenAI founders agreed to create artificial general intelligence to benefit humanity as a non-profit organization. But after taking billions in funding from Microsoft and others, Musk alleges OpenAI abandoned its original mission in pursuit of profits.

Musk sought to remind the world of his pivotal role in launching OpenAI via the lawsuit. But legal experts doubted the case’s merits, since the supposed contract was merely a verbal pledge never formalized in writing.

Just a day before a hearing where OpenAI would seek dismissal of the suit, Musk withdrew his claim without explanation. The case was dismissed without prejudice, meaning Musk could potentially revive litigation in the future.

The Bigger Battle Over AI’s Future

Though Musk dropped this particular lawsuit, the tech tycoons remain at odds over artificial intelligence and its implications for humanity. Their feud reflects broader debates about regulating AI development.

Shortly before withdrawing his suit, Musk publicly criticized OpenAI’s new partnership with Apple to integrate its popular ChatGPT chatbot across Apple products. Musk warned the collaboration could give Apple’s iOS ecosystem an unfair advantage.

Musk himself founded an AI firm, xAI, to compete with OpenAI. His company aims to “understand the true nature of the universe” per its website. XAI’s chatbot Grok debuted last year as a rival to ChatGPT.

OpenAI and Musk share concerns about AI’s risks. But Musk claims OpenAI has strayed from its original altruistic motivations under pressure from investors. The fight over OpenAI’s direction seems unlikely to fade given the skyrocketing interest in AI.

Conclusion

Though Musk dropped his legal crusade against OpenAI for now, the much larger battle over artificial intelligence’s future remains unsettled. With AI development accelerating, expect Musk and Altman to continue vying to steer the field in radically different directions. Their philosophical clash reflects divides within the tech industry about balancing AI’s risks and rewards.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: AIElon MuskGreg BrockmanOpenAIsam altman
TweetShareShare
Michael Juanico

Michael Juanico

Michael is a BSBA Management graduate from Mindanao State University and has been a professional content writer since 2019. He began exploring cryptocurrency in 2021 and has since made blockchain and digital assets his primary focus. For nearly four years, Michael has contributed research and editorial content at Aiur Labs and BlockNews, producing clear and accessible coverage of market trends, trading strategies, and project developments. He is transparent about his personal holdings in Bitcoin, TRON, and select meme tokens, combining writing expertise with hands-on market experience to deliver trustworthy insights to readers.

DON'T MISS THESE! HOT OFF THE PRESS

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade
CRYPTO

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)
BITCOIN

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News
CHAINLINK

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight
CRYPTO

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow
CRYPTO

Here is Why Experts Predict a 40X Rally for Pepe Coin After $25M Whale Outflow

September 17, 2025
Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz
CRYPTO

Here is Why SUI Could Soar 200% on Google Cloud Partnership and ETF Buzz

September 17, 2025
Load More

Related News

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

Here is What Aave’s CEO Just Revealed About the Q4 2025 Upgrade

September 17, 2025
How to Go From Zero to Your First Profitable Trade in Crypto (2025)

How to Go From Zero to Your First Profitable Trade in Crypto (2025)

September 17, 2025
What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

What Happened in Crypto Today? – September 17: Fed Interest Rate Decision, Bullish DOGE and LINK News

September 17, 2025
Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

Jerome Powell October Rate Decision Outlook: What to Expect and How it Will Effect You

September 17, 2025
What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

What is Arbitrum? Why ARB is an Underpriced Crypto Gem Hiding in Plain Sight

September 17, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews is your premier source for real-time cryptocurrency, blockchain, political and financial market news.

Stay ahead of the herd with BlockNews

RESOURCES

  • About Us
  • Contact Us
  • Editorial Policies
  • Terms and Conditions
  • Privacy Policy
  • Sitemap

DISCLOSURES AND POLICIES

BlockNews provides independent reporting on crypto, blockchain, and digital finance. Content is for informational purposes only and does not constitute financial advice. Sponsored material is always disclosed. By using this site, you agree to our Terms and Conditions and Privacy Policy.

© 2025 BlockNews

No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO
    • ETHEREUM
    • RIPPLE XRP
    • SOLANA
    • CARDANO
    • BINANCE BNB
    • DOGECOIN
    • TRON
    • LITECOIN
    • CHAINLINK
    • SUI
  • MEMECOINS
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2025 BlockNews