Jimmy Lai Faces Sentencing as Hong Kong Security Trial Nears Conclusion 
Nvidia Denies Upfront Payment Requirement for H200 AI Chips Amid China Export Scrutiny 
OpenAI Sets $50 Billion Stock Grant Pool, Boosting Employee Equity and Valuation Outlook 
Netflix Plans All-Cash Bid for Warner Bros Discovery Studios Amid Intense Hollywood Takeover Battle 
Amazon Reviews Supplier Costs as U.S.–China Tariffs Ease 
BlueScope Steel Announces A$1 Special Dividend After Asset Sales 
AbbVie Commits $100 Billion to U.S. Investment in Drug Pricing Deal With Trump Administration 
China’s AI Models Narrow the Gap With the West, Says Google DeepMind CEO 
China Considers New Rules to Limit Purchases of Foreign AI Chips Amid Growing Demand 
Venezuela Supreme Court Appoints Delcy Rodríguez as Acting President After Nicolás Maduro Detention 
Bolsonaro Discharged From Hospital and Transferred to Prison After Medical Treatment 
Coca-Cola Shelves Costa Coffee Sale After Low Private Equity Offers 
FTC Blocks Edwards Lifesciences’ JenaValve Acquisition in Major Antitrust Ruling 
SK Hynix Shares Hit Record High as AI Memory Demand Fuels Semiconductor Rally 
Trump Considers Starlink to Restore Internet Access in Iran Amid Protests 
Jamie Dimon Signals Possible Five More Years as JPMorgan CEO Amid Ongoing Succession Speculation 
A U.S. court has denied Elon Musk's request for a preliminary injunction against OpenAI, the artificial intelligence company he helped fund. On Tuesday, U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California, ruled against Musk, though she indicated a trial on OpenAI’s transition to a for-profit model could be expedited later this year.
Musk sued OpenAI and its CEO, Sam Altman, last year, arguing that the company had strayed from its original nonprofit mission to develop AI for the benefit of humanity. He claimed OpenAI, backed by Microsoft, is now prioritizing profits over its founding principles.
OpenAI maintains that shifting to a for-profit structure is necessary to attract the funding required for cutting-edge AI advancements. Neither Musk, OpenAI, nor Microsoft responded immediately to requests for comment on the ruling.
The case reflects growing tensions in the AI industry, where massive investments are needed to remain competitive. With the lawsuit still active, the legal battle over OpenAI’s transformation is far from over.
