Elon Musk, the CEO of electric vehicle manufacturer Tesla (NASDAQ:TSLA), has sued OpenAI and its CEO, Sam Altman, alleging violation of its founding mission by the AI startup. Musk contends that the maker of ChatGPT and Sora is prioritizing profits over benefitting humanity, according to Bloomberg.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
According to the lawsuit, OpenAI’s relationship with tech giant Microsoft (NASDAQ:MSFT) undermines its original aim of creating tools that are not subject to corporate objectives. Interestingly, Musk co-founded OpenAI but no longer holds a stake in the company. He is also raising funds for his own AI venture, xAI. Importantly, the lawsuit argues that Microsoft, Altman, and Greg Brockman worked to jettison OpenAI’s Board, the very people entrusted to enforce the company’s original mission.
OpenAI’s launch of ChatGPT opened the floodgates to global enterprise-wide adoption of AI. Since then, Microsoft has moved at a rapid pace to add the technology into its plethora of offerings. The tech giant has seen its stock price soar by nearly 66% over the past year, taking its market capitalization past the $3 trillion mark in the process.
The lawsuit pits two of the most prominent names in the field of AI against each other. Its outcome could prove to have far-reaching consequences for the rapidly developing technology.
Is Microsoft Expected to Rise?
For now, the TipRanks Comparison Tool indicates Microsoft’s price outperformance could continue with a higher potential upside of 13.6% in the stock.
Read full Disclosure
