BlockBeats report: On May 19, a U.S. jury dismissed Elon Musk’s $150 billion lawsuit against OpenAI. The jury concluded in less than two hours that the lawsuit was time-barred, and the judge subsequently formally dismissed the case. This victory is seen as a key obstacle removed for OpenAI’s upcoming IPO. Reports indicate that OpenAI could launch its IPO as early as this year, with its current valuation reaching $730 billion.
However, OpenAI still faces multiple challenges, including intense competition from AI giants such as Anthropic and Google, as well as significant legal risks related to copyright infringement and errors leading to fatalities. Musk has also indicated that he will continue to appeal.
The lawsuit was initially filed in 2024, with Musk accusing OpenAI CEO Sam Altman and others of deviating from OpenAI’s original mission by prioritizing commercial interests over public benefit. Musk, who co-founded OpenAI in 2015, left the company following power struggles.