Musk's lawsuit against OpenAI may go to trial in part, judge says

Author

Noel Moldvai
February 06, 2025

TL;DR. Back in 2023, we came close to witnessing the spectacle of a life time. Two titans, Musk and Zuckerberg, nearly having it out in the Roman Colosseum. Now, just for kicks, It would seem just as good to see Musk take on Altman in a similar bout…but for now we will just have to stick with court rooms.

Musk's lawsuit against OpenAI may go to trial in part, judge says

A U.S. judge ruled that parts of Elon Musk’s lawsuit against OpenAI may go to trial, requiring him to testify. Musk seeks to block OpenAI’s nonprofit-to-for-profit shift, claiming it contradicts its original mission. OpenAI argues the change is necessary for funding, with a $25B round dependent on restructuring.

Hitachi Ventures raises $400M fund to invest in everything from fusion to AI

Hitachi Ventures raised a $400M fourth fund to back deep tech startups in energy, biotech, AI, and more. Focused on Series A, it invests $5M per company with 55% reserved for follow-ons. Despite corporate ties to Hitachi, it operates independently, scouting startups that align with its LP’s business needs.

The AI spending race is still on as Google antes up

Google plans $75B in AI-driven capital spending for 2025 despite a Q4 revenue miss, lagging Microsoft and Meta in AI investment. DeepSeek’s advances raise efficiency questions, but CEO Sundar Pichai defends spending for AI competitiveness. Google’s strong ad margins and $99B cash reserve position it well against rivals in AI infrastructure.

Everyone’s rattled by the rise of DeepSeek—except Nvidia, which enabled it

Nvidia faces U.S.-China tensions as it navigates AI chip sales under export restrictions. Despite curbs, it continues modifying chips for China while keeping ties with U.S. regulators. DeepSeek’s AI advances fueled scrutiny, but Nvidia argues demand for high-end chips remains. The Biden administration debated further restrictions, leaving decisions to Trump.

Compare the primary & secondary markets

The primary market is where new securities are issued, enabling businesses to raise capital through IPOs or other offerings. In contrast, the secondary market allows investors to trade existing securities, providing liquidity and enabling price discovery. The secondary market is more accessible and includes public exchanges like Nasdaq. It also features innovative rising platforms like Augment, offering private secondary market opportunities for accredited investors. These platforms improve access to private investments, diversify portfolios, and lower risk through enhanced transparency and flexibility.

Quick Takes

Cheerio! Until next week.
-Noel