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Home»Stock Market»Anticipate ‘intentionally outlandish’ claims from Musk
Stock Market

Anticipate ‘intentionally outlandish’ claims from Musk

EditorBy EditorJanuary 16, 2026No Comments2 Mins Read
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Sam Altman, chief government officer of OpenAI Inc., throughout a media tour of the Stargate AI knowledge heart in Abilene, Texas, US, on Tuesday, Sept. 23, 2025.

Kyle Grillot | Bloomberg | Getty Photos

OpenAI despatched a letter Thursday to buyers and banking companions warning that it expects Elon Musk to make “intentionally outlandish, attention-grabbing claims” as his lawsuit towards the AI lab heads to trial in April.

The trial will mark a public escalation of Musk’s years-long feud with OpenAI, and the corporate’s letter serves as an try to preempt and alleviate buyers’ considerations. OpenAI has raised billions of {dollars} from enterprise capitalists, and its valuation has swelled to $500 billion.

Musk co-founded OpenAI as a nonprofit analysis firm in 2015 alongside a number of different researchers and executives, together with the startup’s CEO Sam Altman.

He filed a lawsuit towards OpenAI in 2024 alleging he was “assiduously manipulated” and “deceived” after the AI firm explored changing to a for-profit entity and established an “opaque internet of for-profit OpenAI associates,” together with its multibillion-dollar partnership with Microsoft.

Musk departed OpenAI’s board in 2018, however he has argued that he’s owed “the worth of all mental property developed” from his contributions, doubtlessly amounting to billions of {dollars}, in response to a grievance.

“We’ve sturdy defenses and really feel assured about our probabilities of profitable the case,” OpenAI mentioned within the letter, which was seen by CNBC. “Regardless, based mostly on the report thus far, we consider this case is price not more than the $38M that Elon donated – although that isn’t a assure.”

OpenAI declined to touch upon the letter.

Earlier this month, U.S. District Decide Yvonne Gonzalez Rogers dominated that the case will proceed to trial. The lawsuit was filed in August 2024 within the U.S. District Court docket within the Northern District of California.

OpenAI mentioned it expects Musk will make feedback in regards to the AI firm that aren’t “grounded in actuality” and are “typical of the harassment techniques he is beforehand deployed,” in response to the letter.

“Elon’s lawsuit stays baseless and with out benefit, and our crew is concentrated on making certain the jury sees these claims for what they’re,” OpenAI mentioned.

WATCH: OpenAI Investor Letter: Weekly and day by day lively person figures ‘proceed to provide all-time highs’

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