Swan Bitcoin Hit With Nearly $1 Billion Lawsuit Over Prime Trust Collapse
The lawsuit alleges that the Bitcoin-centric financial services firm took advantage of insider information to escape major losses.
France 24 AI·
The world's richest man Elon Musk lost his blockbuster lawsuit against artificial intelligence giant OpenAI on Monday, with a federal jury finding that the tycoon had waited too long to bring his case forward. The trial saw some of the most powerful figures in Silicon Valley go head-to-head with their competing ambitions for the rapidly changing technology.
Read full articleThe lawsuit alleges that the Bitcoin-centric financial services firm took advantage of insider information to escape major losses.
Ex-OpenAI researcher Leopold Aschenbrenner’s Situational Awareness fund has doubled to $13.67b, with Bitcoin miners as its top long positions. Aschenbrenner, who was fired from OpenAI in 2024 over an alleged information leak, filed the fund’s Q1 2026 13F with the…
Stainless, a New York-based startup, will wind down all hosted products as part of the acquisition.
The clock ran out on Elon Musk’s lawsuit against OpenAI before a jury ever had time to decide whether his allegations were true.
A jury in Oakland, Calif., reached a decision after a three-week long trial seen as pivotal for the future of OpenAI and the artificial intelligence race.
The tech trial of the year, Musk v. Altman, was ultimately a fight for control. Elon Musk argued that Sam Altman, with whom he helped found the now-massive company OpenAI, shouldn't direct the future of AI. Altman's lawyers, in turn, poked at Musk's own credibility. A jury came to a verdict on Monday after just two hours of deliberation, dismissing Musk's claims due to the statute of limitations. In a strictly legal sense, three weeks of testimony added up to nothing. But the trial offered a more damning broader takeaway: Almost nobody in this saga seems worth trusting. Some of the most powerful people in tech seem temperamentally incapable … Read the full story at The Verge.
A judge’s swift ruling against Musk removes a legal cloud hanging over the $500 billion AI company, potentially accelerating what could become one of the biggest public offerings in Wall Street history.
OpenAI and Dell partnership enables Codex's on-premises AI deployment, enhancing security and broadening enterprise workflows. The post OpenAI and Dell partner to bring Codex into enterprise AI systems appeared first on Crypto Briefing.