OpenAI CEO Sam Altman set to testify today

Summary

CNBC's Kate Rooney reports from the Elon Musk-OpenAI trial, where CEO Sam Altman is expected to testify. The trial involves personal attacks on Altman and claims of betrayal of OpenAI's founding agreement, with potential steep remedies including Altman's removal and $130 billion in damages. Legal experts view the worst-case outcomes as unlikely but note reputational damage to OpenAI. Congressional Republicans are also investigating Altman's potential self-dealing.

• Sam Altman is set to testify in the Elon Musk-OpenAI trial.
• Musk's lawyers allege Altman was untrustworthy, citing his past firing.
• OpenAI's defense argues no signed contract existed and Musk left due to disagreements.
• Musk seeks Altman's removal and over $130 billion in remedies.
• The trial could damage OpenAI's reputation ahead of a potential IPO.
• Congressional Republicans are investigating Altman's self-dealing in startups.
• Legal experts consider severe legal remedies a long shot.
• The judge has wide discretion; an appeals process is possible.