Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Elon Musk Sues OpenAI and its CEO, Worldcoin (WLD) Dips 5%

Elon Musk Sues OpenAI and its CEO, Worldcoin (WLD) Dips 5%

Cryptopotato2024/03/01 12:47
By: Jordan LyanchevMore posts by this author
XOLDTOKEN0.00%AIOLD0.00%WLD-4.10%
Worldcoin’s token had soared past $8 ahead of the news regarding the lawsuit by Musk.

Elon Musk, the owner of X, CEO of Tesla, and the head of numerous other companies, has legally gone after OpenAI and its CEO, Sam Altman.

The billionaire, who has a rich history with the ChatGPT developer, believes the company has abandoned its original mission.

The Reuters report from earlier on March 1 indicates that OpenAI has deterred from its founding idea to “develop artificial intelligence for the benefit of humanity, not profit,” which is the main reason behind Musk’s legal actions.

Lawyers representing Tesla’s CEO alleged that the Sam Altman-spearheaded AI developer had breached its original contract, as the firm now solely focuses on making money instead of working for humanity.

Recall that Musk was among the founding members of OpenAI back in 2015. However, he left the board three years later.

Altman also has a controversial history with the company that he heads as he was fired as CEO by the board of directors last year but was soon reinstated when the board was changed.

Another project developed by OpenAI – Worldcoin – which has its own set of controversies to deal with, was harmed by the news of Musk’s lawsuit.

The native token, WLD, dropped by more than 5% when the news came out. As of now, WLD trades at $7.6, while it had jumped to $8.25 yesterday.

You Might Also Like:

  • Crypto Trader Capitalizes on Elon Musk's Twitter Bio Change, Profits $1M
  • Elon Musk’s xAI Files for Private Sale of $1B Worth of Unregistered Securities
  • xAI Investment Figures Denied by Elon Musk
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!
Bitget Announcement2025/09/12 07:46
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
New spot margin trading pair — LINEA/USDT!
Bitget Announcement2025/09/11 10:04

Trending news

More
1
New spot margin trading pair — HOLO/USDT!
2
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

Crypto prices

More
Bitcoin
Bitcoin
BTC
$115,376.57
-0.44%
Ethereum
Ethereum
ETH
$4,592.9
-2.24%
XRP
XRP
XRP
$3.02
-4.02%
Tether USDt
Tether USDt
USDT
$1
-0.00%
Solana
Solana
SOL
$242.72
+0.81%
BNB
BNB
BNB
$924.89
-1.40%
USDC
USDC
USDC
$0.9996
-0.03%
Dogecoin
Dogecoin
DOGE
$0.2753
-8.39%
TRON
TRON
TRX
$0.3474
-1.05%
Cardano
Cardano
ADA
$0.8845
-6.39%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter