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Apr 29, 2026
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After two years, myriad legal filings and countless Tweets, Elon Musk had the chance Tuesday to air his anger at OpenAI in court. The world’s richest man, who is claiming OpenAI breached a charitable trust, used his testimony to drive home his argument that the case will set precedent for whether and how nonprofits can be turned into businesses. Under friendly questioning from his lawyer, Musk started by testifying about OpenAI’s early years, recounting his motivations for co-founding it in 2015 to ensure safe development of artificial intelligence. Musk answered questions about his personal history and his past email communications with Sam Altman and other OpenAI co-founders. Musk also predicted that AI will reach human-level performance at all tasks as early as next year Asked to explain what the lawsuit is about in his own words, Musk replied that “It’s actually very simple.” If OpenAI, Altman and other defendants aren’t found guilty, he said, “this case will become case law, it will become precedent and it will give licence, in my opinion, to looting every charity in America.” That point echoes a post Musk made on X on Monday. OpenAI has strongly disputed Musk’s claims and characterizations. Altman and OpenAI President Greg Brockman attended opening statements on Tuesday, but Altman left before Musk’s testimony. Their lawyers will get the chance to shoot holes in Musk’s argument on
Wednesday during cross examination.
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The first big challenge for Elon Musk in the trial phase of his lawsuit against OpenAI came before opening arguments: major participants had to agree to stop tweeting about the case. The pledge to stay off social media for the duration of the trial also affects OpenAI CEO Sam Altman and President Greg Brockman. The parties agreed to it Tuesday morning, at the start of a session that will include opening arguments and, potentially, testimony from Musk. Judge Yvonne Gonzalez Rogers called Musk up to the bench before the jury entered the courtroom to discuss his social media posts about OpenAI. “How can we get this done without you making things worse outside the courtroom?” she asked Musk, who said that his posts were responding to OpenAI’s statements on social media. “All of you try to control your propensity to use social media,” judge Gonzalez Rogers said. “Perhaps you’ve never done that before.” A social media moratorium about the case could be most challenging for Musk, whose longtime love of tweeting is so intense that he bought the platform. He generally posts on X numerous times a day and has frequently used it to criticize OpenAI and ridicule its leaders. As of Tuesday morning, the post pinned at the top of his X page began: “Scam Altman and Greg Stockman stole a charity. Full stop.”
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OpenAI models will finally be available on Amazon Web Services, the companies said Tuesday, a day after OpenAI and Microsoft announced new terms in their long-standing partnership that freed other cloud providers to sell OpenAI’s models with fewer restrictions. OpenAI’s 5.4 model is now available in limited preview on AWS and 5.5, the latest model, will be available in the coming weeks, AWS CEO Matt Garman said at a San Francisco event. AWS will also offer OpenAI’s Codex coding tool. The cloud giant also provided more details on a product now called Amazon Bedrock Managed Agents, which it had announced in February alongside plans to invest an initial $15 billion in OpenAI. That announcement had caught Microsoft offguard, and was a major factor in bringing OpenAI and Microsoft back into negotiations, The Information reported. “This is what our customers have been asking for a really long time. Their production applications run in AWS; their data is in AWS; they trust the security of AWS,” Garman said, noting previous to this announcement, customers had to go elsewhere to access OpenAI models. “Now we don’t force people to have to make that choice.”
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Spotify stock dropped 13% after the music streaming service reported 8% revenue growth for the first quarter but forecast a slowdown in its premium subscriber growth rate for the second quarter. Excluding the impact of foreign exchange movements, Spotify’s revenue grew 14%. Spotify recently raised prices, and there are signs that could be affecting subscriber growth. The expansion in the number of Spotify’s premium subscribers has slowed from 12% in the third quarter to 9% in the first quarter and Spotify said the growth rate would slow to 8.3% in the second quarter. On a call with analysts, CFO Christian Luiga said “we saw no surprises with respect to price increase-related churn following our January U.S. price increase,” implying any churn was in line with expectations.
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Robinhood shares fell more than 6% in after-market trading after reporting a 47% plunge in crypto trading revenue from a year ago. Despite the slump, record volumes in prediction markets lifted Robinhood’s total revenue 15% to $1.07 billion. The result shows individual traders that use Robinhood are shifting from crypto to investing in other asset classes. Robinhood said event contracts traded by its users reached a record 8.8 billion. Net income was $346 million, up 3% from a year ago. Robinhood
currently sends its customer orders to prediction market Kalshi under a partnership, though it plans to begin operating its own prediction market exchange, a joint venture with Susquehanna, this year, which will reduce its dependence on Kalshi.
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