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Bank of Japan set to raise rates under pressure from inflation, US
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EU chief hosts Canada's Carney in push to 'deepen' alliance
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EU chief to unveil social media, gaming curbs for under-15s
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Meta chief pushes back on AI slowdown calls
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'Resident Evil' film brings video game's ethos to the big screen
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US Fed to deliver rate decision with markets betting on hike
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i-payout Expands U.S. Money Transmitter Licensing Footprint and Advances European EMI Strategy
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Sanders, Bannon warn of AI dangers in rare US left-right alignment
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US Senate crypto bill collapses amid partisan deadlock
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OpenAI, Anthropic and Google are working to create an AI standards body
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US Treasury chief says to meet Chinese counterpart at weekend
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Foundation Lets Ledger Users Switch to Open Source Without Starting Over
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BingX Evolves into a Multi-Asset Trading Platform, Connecting Users to Global Opportunities
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EU to propose curbing social media, online games for under 15s
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International Trading Institute Expands Professional Trader Development Beyond the Master’s in Trading
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FX Junction Reaches 40,600 Members and 26 Million Trades
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Lake Energy Secures $80 Million for U.S. Renewable Energy Expansion
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'We unleashed the beast': the world's fears and hopes about AI
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Stocks drop, oil climbs and Treasury yields hit 19-year high
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SkySail Strategies Outperforms Wall Street's 30-Year Risk Standard With Proprietary AI Inference Model
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Worcestershire invited to nominate groups for 2027 King’s volunteer award
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Just add fish: Scientists pursue more rice, less disease in Senegal paddies
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Berlin's run-down public spaces at heart of election campaign
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Belgium completes outer structure of offshore energy island
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'Widow's Bay' and 'The Pitt' win big at Emmy Awards
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China retail sales growth weakens further in August
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Most markets drop as oil extends gains ahead of expected US rate hike
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In Kashmir, lake weeds mix with traditional art
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Sri Lanka's famed beach shack battles demolition
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'Widow's Bay' and 'The Pitt' take key Emmy awards
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Vserv targets ₹1,000 crore revenue by 2030 through AI expansion
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Television's A-listers glitter on Emmys red carpet
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India prohibits bank fees on UPI payments up to ₹2,000
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Air India CEO summoned over alleged departure immigration lapse
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Brazil's Amazon defender Raoni has cancer
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HFCL expands planned fibre investment to ₹1,800 crore
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Trump rejects AI slowdown concerns as UN urges coordinated controls
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Kuwait schools restore classroom routines after remote learning
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Higher wages draw migrant workers to Kashmir despite attacks
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BIS flags debt and profitability risks in AI-driven market rally
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Oil supply concerns and AI warnings weigh on global markets
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Qatar Chamber and Maltese envoy consider business forum
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'I am the hoax buster': Trump rejects AI danger warnings
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Spanish PM denies being blackmailed by Morocco
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Doha Islamic finance forum names AlRayan firms as co-lead partners
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Etihad capacity rises as war disruption weighs on annual earnings
Microsoft boss to testify on his role in OpenAI's founding
Microsoft CEO Satya Nadella is expected to take the stand Monday in Elon Musk's lawsuit against OpenAI, to explain emails that revealed how his company funded the ChatGPT creator's shift from philanthropic organization to for-profit AI giant.
Nadella's testimony will precede that of OpenAI boss Sam Altman, whose questioning -- likely on Tuesday or Wednesday -- will be one of the final stages in a closely watched trial before a federal jury in Oakland, California.
The trial has laid bare the internal strife within a circle of elite Silicon Valley engineers, investors and executives in the years leading up to the high-profile launch of the ChatGPT chatbot in 2022.
In his lawsuit, Musk accuses OpenAI of betraying its original nonprofit mission and misappropriating his founding donations totalling $38 million to build an empire valued at over $850 billion.
The Tesla and SpaceX founder is calling for OpenAI to revert to its original status as a nonprofit -- a move that would impact its position in the global artificial intelligence race against Anthropic, Google and China's Deepseek.
OpenAI counters that Musk left voluntarily after failing to seize majority control and has since become the company's direct competitor through his own AI venture, xAI.
An "advisory" jury is expected to reach a verdict on any actual wrongdoing by the week of May 18.
Judge Yvonne Gonzalez Rogers will then make the final ruling on both liability and remedies after hearing the jury's opinion. She has indicated she will likely follow their advice.
If Gonzalez Rogers ultimately sides with Musk, OpenAI's initial public offering could be jeopardized.
- Attracting investment -
On Monday, Musk's lawyers are expected to try to convince the jury that Microsoft, by investing in OpenAI in 2019, knew it was helping divert a nonprofit foundation from its original purpose.
He will rely on recently disclosed Microsoft emails from January 2018 to demonstrate that the tech giant only opened its checkbook once a profit appeared possible.
In the emails, Nadella consulted his executives about a discount granted to OpenAI to use the computing power of Azure, Microsoft's cloud-computing platform.
"Overall I can't tell what research they are doing and how if shared with us it could help us get ahead," Nadella wrote. "From what Elon is telling everyone... he feels Open AI is at verge of some big AGI (artificial general intelligence) breakthroughs."
Skepticism predominated at the time, with Microsoft Chief Technology Officer Kevin Scott fearing OpenAI might "storm off to Amazon in a huff."
In the months that followed, cash-strapped OpenAI established a for-profit subsidiary to attract investments, rather than relying solely on donations.
In 2019, a year and a half after turning its back on the startup, Microsoft finally invested $1 billion. It would ultimately inject $13 billion in total, a stake now valued at $228 billion -- 17 times the initial investment.
The trial has already heard gripping testimony.
Last week, co-founder Greg Brockman -- whose stake in OpenAI is valued at $30 billion -- came under fire about his 2017 diary entries including one in which he appeared keen on "making money for us."
Musk's lawyers seized on the entries to portray Brockman as a calculating opportunist.
Brockman also told lawyers that Musk physically threatened him in 2017 after Musk was refused absolute control of OpenAI.
Musk on Wednesday announced a major partnership with Anthropic, OpenAI's top rival, to allow it to use the compute capacity at SpaceX's largest data center.
H.Müller--CPN