Musk v. Altman trial gets underway: Here's what to know

Summary

Kate Rooney reports from Oakland on the start of the trial between Elon Musk and OpenAI CEO Sam Altman. Musk sues OpenAI, Altman, and Microsoft for breach of charitable trust and unjust enrichment, seeking billions in damages and leadership changes. The trial could impact OpenAI's potential IPO later this year.

• Jury selection begins in Musk v. Altman trial in Oakland.
• Musk alleges he was deceived into funding OpenAI as a nonprofit that later turned for-profit.
• Musk's claims are breach of charitable trust and unjust enrichment, with fraud charges dropped.
• Musk seeks up to $134 billion in damages and removal of Altman and Brockman.
• OpenAI dismisses the lawsuit as baseless and a distraction.
• The trial could harm OpenAI's potential IPO, which may come as soon as the end of 2024.
• Witnesses expected include Musk, Altman, Brockman, and Microsoft CEO Satya Nadella.
• OpenAI argues Musk originally supported a for-profit pivot and a Tesla merger.