... Musk, along with Altman, was one of the founders of OpenAI. He alleged that the founders had agreed on the charitable mission of the nonprofit and baked it into the company's charter.
He said he provided OpenAI with tens of millions of dollars in charitable contributions, relying on the agreement that OpenAI would not be in it for the money but for humanity. ...
Grundfest read the opinion to mean that the judge had concluded "that there might well be a charitable trust," as Musk alleged, "and there might well be a serious flaw in OpenAI's plan to convert to a for-profit entity … but the court needs more evidence on that point and isn't ready to issue the extreme remedy of a preliminary injunction."
In sum, "the opinion clearly signals that the court sees potential merit in Musk's claim, but needs more evidence before it can reach a conclusion," he said. ...
See the full story here: https://www.nbcbayarea.com/news/local/elon-musk-loses-injunction-bid-openai-lawsuit-ruling/3810085/