Musk's defeat in OpenAI trial paves way for AI firm's $1-tn IPO
Elon Musk's defeat in OpenAI trial removed a major legal barrier and paved the way for the AI firm to pursue an IPO at $1-trillion valuation. The verdict absolved OpenAI of liability, shielding the company from the multibillion-dollar damages Musk was seeking. The court's findings effectively validated OpenAI's shift towards a commercial structure, granting institutional investors legal security.