Worldcoin Price Dips as Elon Musk Sues OpenAI and Sam Altman
On Thursday, the price of Worldcoin’s WLD token dipped following news of Elon Musk’s lawsuit against OpenAI and its CEO, Sam Altman, alleging a breach of their nonprofit agreement.
The lawsuit argues that OpenAI’s collaboration with Microsoft deviates from its foundational principles of advancing open-source artificial general intelligence (AGI) for the benefit of humanity.
Filed in a California court, the lawsuit outlines several complaints, including a breach of contract, fiduciary duty violation, and unfair business practices.
The conflict reportedly stemmed from OpenAI’s shift from a nonprofit AI research lab in 2015 to a commercial entity with a business arm established in 2020.
Musk, a co-founder of OpenAI, claimed that Sam Altman persuaded him to provide substantial financial support to the digital intelligence organization based on certain guarantees.
The owner of X (formerly Twitter) stated that Altman assured him that OpenAI would remain a nonprofit entity focused on countering competitive threats from tech giants like Google.
Musk alleged that OpenAI’s collaboration with Microsoft, a leading technology corporation, signifies a shift towards commercializing its AGI research.
Elon Musk v OpenAI lawsuit simply summarized by Grok pic.twitter.com/iPeVl1q3OS
— Sir Doge of the Coin ⚔️ (@dogeofficialceo) March 1, 2024
He said the partnership contradicts OpenAI’s commitment to advancing AI for humanity. The SpaceX leader argued that the partnership to monetize GPT-4 reflects a focus on profit over positive human impact.
This lawsuit comes just days after OpenAI unveiled its new video generation model, Sora. While OpenAI’s flagship product, ChatGPT, is free for users on its website and mobile apps, users can upgrade to a paid
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