Elon Musk Resumes Lawsuit Against Sam Altman and OpenAI, Causing WLD Token to Fall by 18%
- WBOYOriginal
- 2024-08-06 15:05:20527browse
The conflict between Musk and OpenAI leadership, including Sam Altman and Greg Brockman, has been going on for six years.
Elon Musk has resumed his lawsuit against Sam Altman and OpenAI, the New York Times reports. The billionaire Tesla CEO withdrew the suit in June, on the eve of the court’s decision to dismiss it.
However, his move has caused the Worldcoin (WLD) token to fall by 18%.
The saga of Elon Musk and Sam Altman
The businessman and his partners founded OpenAI in 2015 with the goal of developing artificial intelligence for the benefit of humanity. However, according to Musk, Altman and Greg Brockman changed the company’s course by entering into a multibillion-dollar deal with Microsoft.
In addition, Musk claims that the company and its management put commercial interests above public interests, caring only about personal gain.
The billionaire left OpenAI in 2018, cutting off funding for the firm. Forced to seek other sources of funding, Altman transformed OpenAI into a for-profit company and raised $13 billion from Microsoft.
“Elon Musk’s case against Sam Altman and OpenAI is a textbook tale of altruism over greed. Altman, along with other defendants, deliberately courted and deceived Musk by exploiting his humanitarian concerns about the existential dangers posed by artificial intelligence,” the lawsuit says.
Musk is asking the court to decide whether OpenAI’s systems have reached the level of strong artificial intelligence (AGI). In addition, the court must also determine whether the company’s contract with Microsoft should be terminated.
What’s going on with WLD
The news of the lawsuit’s renewal sent the WLD token’s value down 18%. According to CoinGecko, at the time of writing, Worldcoin is trading at $1.45.
Over the past week, the asset’s value has fallen by almost 40%. Meanwhile, WLD’s capitalization has dropped to $458 million. The coin’s trading volume, meanwhile, has jumped by 142% to $308 million.
The broader decline in the crypto market also had a negative impact on Worldcoin’s dynamics. However, over the past 24 hours, the leading cryptocurrency by capitalization, Bitcoin (BTC), has fallen by 16%.
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