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Musk lawyer says ruling sets a ‘new formula for Silicon Valley'
short by Jessica Rajan / on Tuesday, 19 May, 2026
After losing the case, Elon Musk's lawyer Marc Toberoff said the ruling could encourage startups that begin as nonprofits to later form for-profit entities to raise funds, scale, and enrich their executives. He called it a "brand new formula for Silicon Valley." Musk said he will appeal and reiterated that Sam Altman saw OpenAI as a means to significant wealth.
read more at Reuters