Musk applies for an injunction to prevent OpenAI from transitioning to a profit-making company

Market news, Elon Musk's lawyers have applied for a preliminary injunction against OpenAI, several of its co-founders, and its investors and close collaborator Microsoft to prevent OpenAI and other defendants from engaging in what Musk's lawyers claim is anti-competitive behavior.

The injunction motion was submitted to the Northern District Court of California last Friday evening, accusing OpenAI, its CEO Sam Altman, President Greg Brockman, Microsoft, LinkedIn co-founder and former OpenAI board member Reid Hoffman as well as former OpenAI board member and Microsoft Vice President Dee Templeton of various illegal activities and attempting to stop these activities. The charges include:

Preventing investors from supporting competitors of OpenAI such as Musk's own artificial intelligence company xAI.

Benefiting from "unfairly obtained competitive sensitive information" through the relationship between OpenAI and Microsoft.

Transforming the governance structure of OpenAI into a profit-making organization and "transferring any significant assets including intellectual property owned held or controlled by the company itself or any subsidiaries or affiliates".

Causing business dealings between Open AI with organizations that have "significant economic interests" with any defendant.

Musk’s lawyers claim that if the injunction is not approved it will cause “irreparable harm”.