Elon Musk is suing artificial intelligence developer OpenAI and CEO Sam Altman — both Musk and Altman contributed toward the founding of OpenAI in 2015 — over an alleged breach of contract. Musk's lawsuit asserts that OpenAI skirted fiduciary duties to bettering humanity and breached its contract over its relationship with Microsoft (MSFT). Microsoft owns a 49% stake in OpenAI. Yahoo Finance Tech Editor Dan Howley breaks down the lawsuit's details. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Tesla (TSLA) CEO Elon Musk has moved to sue OpenAI and CEO Sam Altman over what he alleges is a breach of contract. Musk claims the company is no longer following its original goal of helping humanity, instead focused on profits. "OpenAI has been transformed into a closed-source de facto subsidiary of the largest technology company in the world: Microsoft," the lawsuit states. Yahoo Finance Anchors Brad Smith and Seana Smith break down this latest development in the relationship between Musk and Altman. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Among the Magnificent Seven stocks to buy and watch, Apple, Nvidia and Tesla stock are in new buy areas.