There is chaos in the tech world. The entrepreneur and CEO of Tesla and SpaceX, including Elon Musk, has sued OpenAI, the company behind the popular ChatGPT.
Musk believes OpenAI has violated its first principle as a nonprofit organization. OpenAI recently partnered with software giant Microsoft.
Elon Musk is suing OpenAI and Sam Altman
One of the core principles that OpenAI has established is “the development of open source artificial intelligence (AI) for the benefit of humanity.” According to Musk, OpenAI and its CEO Sam Altman are guilty of, among other things, breach of contract, breach of fiduciary duty and unfair business practices.
Musk believes that the launch of ChatGPT-4 will certainly bring profits to Microsoft and OpenaAI. The use of ChatGPT-4 is only possible for a fee and therefore violates the non-profit principles promised by OpenAI.
According to the Financial Times, OpenAI will make $2 billion in profits by 2023, driven by the immense success of ChatGPT. This unprecedented success makes OpenAI one of the fastest-growing technology companies of all time, alongside Meta and Google.
It is unclear when the lawsuit will begin. Musk has been concerned for some time about the unprecedented speed at which AI technology is evolving. In the past he has even gone so far as to say that AI is a threat to humanity.
The price of Worldcoin (WLD) drops due to the indictment
Altman, the CEO of OpenAI, is known in the crypto world for his controversial Worldcoin (WLD) project. The crypto project collects biometric data to authenticate users. This caused quite a stir.
The WLD token suffered a minor blow following the indictment. After a local high of $8.45, the price is now at $7.58. A decline of more than 10 percent.
However, WLD investors won’t be able to get this out of their minds. The token is considered a “proxy investment” in OpenAI and has performed excellently in recent months. Since the beginning of February, WLD has been at the forefront of the crypto AI hype and has already risen by more than 250 percent.