Elon Musk dismisses lawsuit against OpenAI

Elon Musk voluntarily dismisses breach of contract claims against OpenAI and its CEO Sam Altman. Musk had accused OpenAI of compromising its mission by allying with Microsoft. OpenAI refuted the claims, revealing Musk's acknowledgement of the need for funding in the past. Musk's relationship with OpenAI has been strained, leading him to launch his own AI start-up, xAI. The lawsuit was dropped amidst Musk's criticism of a partnership between OpenAI and Apple.

Elon Musk's xAI Funding

Elon Musk's xAI secures $6 billion in Series B funding from investors including Saudi Arabia's Kingdom Holding to compete with OpenAI. Musk aims to establish xAI as a formidable alternative in the AI industry.

xAI Funding Round

xAI, Elon Musk's AI startup, is set to close a $6 billion funding round, valuing the company at $18 billion. Notable investors include Sequoia Capital and Future Ventures. xAI aims to connect digital and physical worlds using data from Musk's companies. The founder has been critical of OpenAI and aims to differentiate xAI through open-sourcing.