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06.05.26 - 00:06
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How A Musk Victory Vs. Altman Would Reset America′s AI Roadmap (ZeroHedge)
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How A Musk Victory Vs. Altman Would Reset America's AI Roadmap
A courtroom victory for Elon Musk in his high-stakes federal trial against Sam Altman and OpenAI would deliver one of the most disruptive blows to the artificial intelligence sector in its brief but explosive history - potentially forcing the $850-billion-plus company to unwind its for-profit empire, ousting its top leaders, and handing Musk a symbolic and financial hammer to reshape the global race for AGI while weakening one of its fiercest competitors.
The case is now being argued in a federal courtroom in Oakland, before Judge Yvonne Gonzalez Rogers. The trial opened on April 28 and entered its second week on Monday, when OpenAI president Greg Brockman took the stand and confirmed his personal stake in the company is worth roughly $30 billion. Musk's counsel returned to the figure more than a dozen times in two hours of questioning.
The Case
Musk co-founded OpenAI in late 2015 as a nonprofit and contributed roughly $38 millio...
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06.05.26 - 00:01
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Why Hong Kong′s tech index is failing to ride the Chinese AI stock boom (SCMP)
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Investor frustration is growing with Hong Kong's technology index, as the benchmark's prolonged slide contrasts sharply with the soaring share prices of several Chinese AI firms that recently went public in the city.
The Hang Seng Tech Index – a gauge of Hong Kong-listed tech companies that was once seen as China's answer to the Nasdaq – has come under pressure in recent months, and the index's poor performance has drawn even more scrutiny amid the wider surge in Chinese artificial intelligence......
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