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The explosive courtroom battle between Elon Musk and Sam Altman delivered an unexpected windfall for the artificial intelligence industry. Regulatory scrutiny receded as investors poured £12 billion into AI startups within 48 hours of the verdict.
A San Francisco jury delivered a unanimous verdict Tuesday, ending Elon Musk’s lawsuit against OpenAI and its CEO Sam Altman. The case, filed in 2024, alleged breach of contract and fiduciary duty over the nonprofit’s pivot to a for-profit model. The jury sided with OpenAI in under three hours.
Chancellor Rachel Reeves has launched a crackdown on British tech firms and scientists fleeing overseas. The move aims to preserve intellectual capital and stimulate economic expansion at home.