📜 Musk sues OpenAI (the full story)

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Monday’s top story: Musk is suing OpenAI over a breach of contract.

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🌤️ This Morning on AI Tool Report

1. 📜 Musk sues OpenAI for breach of contract

2. ✂️ Google cuts jobs in AI trust and safety

3. 🪱 AI worm breaks ChatGPT security measures

4. 💰 Sam Altman is now worth $2B

5. 💵 Micheal Dell 12th richest man, thanks to AI

Read Time: 5 minutes

FINANCE

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LEGAL

📜 Musk sues OpenAI for breach of contract 

Our Report: Musk—one of the original OpenAI co-founders and a key, early investor—has sued OpenAI for breach of contract, claiming that it’s using AI to ‘maximize profits’ not ‘for the benefit of humanity’, which was its original founding mission.

🔑 Key Points: 

• OpenAI, started as a non-profit in 2015, with Musk—who invested $44M between 2016 and 2020—being one of its biggest investors, but is now a for-profit company.

• Musk claims that co-founders (Altman and Brockman) convinced him to bankroll the AI startup, promising him that it would be a nonprofit, focused on the benefit of humanity.

• Since it transitioned to a for-profit company and launched its (closed source) ChatGPT model, it received a $10B investment from Microsoft, prompting Musk’s lawsuit.  

• He believes that OpenAI is focused on the commercial interests of Microsoft, breaching the founding agreement which required it to make its technology available to the public.

🤨 Why you should care: A leaked staff memo from OpenAI chief strategy officer (Jason Kwon) claims that Musk is only suing them because he has “regrets about not being involved with the company today.”

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LAYOFFS

✂️ Google cuts jobs in AI trust and safety 

• Google is laying off 10 members of its 250-strong trust and safety team, which set up AI guardrails, conduct risk evaluations, and predict how bad actors could manipulate its tools.

• While some team members are being let go, others are being asked to “work around the clock” over the weekend, to remedy Gemini’s text-to-image tool hallucination issues.

• Despite this new batch of layoffs, Google has stated that they are increasing its reliance on its trust and safety, they’re just doing it with fewer people.

• They claim that the redundancies were made to give their employees more opportunities to work on important advances and priorities while reducing bureaucracy.

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✅ Coding

^{copy & paste ⬇️}

“Act as a tech writer. You will act as a creative and engaging technical writer and create guides on how to do different stuff on specific software. I will provide you with basic steps of an app functionality and you will come up with an engaging article on how to do those basic steps. You can ask for screenshots, just add [screenshot] to where you think there should be one and I will add those later. These are the first basic steps of the app functionality: "1. Click on the download button depending on your platform 2. Install the file. 3. Double-click to open the app”

SECURITY

🪱 AI worm breaks ChatGPT security measures

• Researchers have created an AI worm (called Morris II) that can spread from one system to another, stealing data and spreading malware and spam via an email client.

• Morris II targets Gen AI-enabled email assistants on Large Language Models like ChatGPT-4 and Gemini, to steal data from emails and send spam messages.

• It uses a text-based self-replicating prompt or embeds a self-replicating prompt within an image file to exploit email systems, breaking through security protections.

• Researchers have warned that Morris II could be used to conduct phishing attacks, send spam emails, or spread propaganda, and no software or large language model is safe.

WEALTH

💰 Sam Altman is now worth $2B 

• The Bloomberg Billionaires Index has estimated that Sam Altman is worth $2B, but his fortune has nothing to do with OpenAI, as he has no equity in the $86B company.

• His wealth primarily comes from his investments in companies like Reddit (which is on the brink of an IPO), Apollo Projects, Helion Energy, and Retro Biosciences.

• His financial investments signify his commitment to tech, and his pre-OpenAI days at startup incubator—Y Combinator—have laid the foundations for his career in tech.

• Despite leaving Y Combinator in 2019, he doesn’t financially benefit from the company, symbolizing his dedication to the impact of AI, over his own, personal gain.

GLOBAL FORTUNE

💵 Micheal Dell 12th richest man, thanks to AI

• In the fourth quarter, Dell’s stock value increased by 32% propelling Michael Dell’s net worth to $104B, making him the 12th-richest person, in the world.

• Half of Dell’s fortune comes from its PCs (Dell computers) but it’s been boosted by the demand for its high-powered servers known for their ability to handle AI workloads.

• Dell's fortune comes as others in the AI space see their fortunes skyrocket, with NVIDIA CEO (Jensen Huang) seeing a $28.4B increase and Zuckerberg seeing a $52B increase this year.

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Until next time, Martin & Liam.