Elon Musk Loses Lawsuit Against OpenAI
After three weeks of testimony, which was covered extensively here on Slashdot, a U.S. jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding that he waited too long to bring his claims that the company betrayed its nonprofit mission. Reuters reports: The trial had widely been seen as a critical moment for the future of OpenAI and artificial intelligence generally, both in how it should be used and who should benefit from it. Following the verdict, Musk's lawyer said he reserved the right to appeal, but the judge suggested he may have an uphill battle because whether the statute of limitations ran out before Musk sued was a factual issue. "There's a substantial amount of evidence to support the jury's finding, which is why I was prepared to dismiss on the spot," U.S. District Judge Yvonne Gonzalez Rogers said.
In his 2024 lawsuit, Musk accused OpenAI, its Chief Executive Sam Altman and its President Greg Brockman of manipulating him into giving $38 million, then going behind his back by attaching a for-profit business to its original nonprofit and accepting tens of billions of dollars from Microsoft and other investors. Musk called the OpenAI defendants' conduct "stealing a charity." OpenAI was founded by Altman, Musk and several others in 2015. Musk left its board in 2018, and OpenAI set up a for-profit business the next year. OpenAI countered that it was Musk who saw dollar signs, and that he waited too long to claim OpenAI breached its founding agreement to build safe artificial intelligence to benefit humanity. "Mr. Musk may have the Midas touch in some areas, but not in AI," William Savitt, a lawyer for OpenAI, said in his closing argument.
The verdict followed 11 days of testimony and arguments where Musk's and Altman's credibility came under repeated attack. Lawyers for OpenAI embraced each other after the verdict was announced. Microsoft faced an aiding and abetting claim. In a statement, a Microsoft spokesperson said, "The facts and the timeline in this case have long been clear and we welcome the jury's decision to dismiss these claims as untimely."
Recap:
Musk Accused of 'Selective Amnesia', Altman of Lying As OpenAI Trial Nears End (Day Twelve)
OpenAI Trial Wraps Up With 'Jackass' Trophy For Challenging Musk (Day Eleven)
Sam Altman Testifies That Elon Musk Wanted Control of OpenAI (Day Ten)
Microsoft CEO Satya Nadella Testifies In OpenAI Trial (Day Nine)
Sam Altman Had a Bad Day In Court (Day Eight)
Sam Altman's Management Style Comes Under the Microscope At OpenAI Trial (Day Seven)
Brockman Rebuts Musk's Take On Startup's History, Recounts Secret Work For Tesla (Day Six)
OpenAI President Discloses His Stake In the Company Is Worth $30 Billion (Day Five)
Musk Concludes Testimony At OpenAI Trial (Day Four)
Elon Musk Says OpenAI Betrayed Him, Clashes With Company's Attorney (Day Three)
Musk Testifies OpenAI Was Created As Nonprofit To Counter Google (Day Two)
Elon Musk and OpenAI CEO Sam Altman Head To Court (Day One)
Read more of this story at Slashdot.
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An anonymous reader quotes a report from the Wall Street Journal: Going back to grad school has long been the Plan B of young professionals who aspire to climb higher in their careers or struggle to get promoted in a tough job market. New data show that getting a master's degree isn't the guarantee it used to be. The unemployment rate for workers under 35 with a master's degree has rarely been higher in the past 20 years, according to the Burning Glass Institute, a labor-market think tank focused on the future of work, which analyzed data collected by the U.S. Bureau of Labor Statistics going back to 2003.
At the same time, the unemployment rate for workers under 35 with a Ph.D., law degree or medical degree has rarely been lower. "For most of the past two decades, these lines moved together -- not anymore," said Gad Levanon, chief economist of Burning Glass. Levanon has a theory about why the payoffs for advanced degrees have uncoupled: "More degrees chasing fewer of the positions those degrees were meant to unlock." [...] While degrees from law school and medical school amount to a license to practice, master's degrees are more of a signal, Levanon said. And a signal loses value when so many people have one, he added: "It's hardly a sure bet to securing a good job."
Now master's-degree holders under 35 are at the 77th percentile of unemployment, where the 50th percentile is normal, according to the Burning Glass analysis. Even associate-degree holders have had a higher employment level for the past year. Unemployment among master's-degree holders has been worse only about a quarter of the time in the past 20-plus years. There was a stint during the Covid-19 pandemic when this cohort was out of work at higher rates, and a more prolonged stretch as the U.S. climbed out of the recession in 2008 and 2009. "Every indication is hiring managers now are more receptive than ever to the idea that a person doesn't need a graduate degree to be competitive," said Johnny C. Taylor Jr., president of SHRM, the chief lobbying group for human-resource professionals.
"We are seeing that, hands down, especially in the last two or three years with AI," he said of job readiness. Employers just want to know, "Can you do it?"
Read more of this story at Slashdot.
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