Elon Musk Sued for Rp 2 Trillion by Former Twitter CEO Over Delayed Severance Payments

Bisnis | Ekonomi - Posted on 06 March 2024 Reading time 5 minutes

DIGIVESTASI - Elon Musk and Social Media X were recently sued by the former CEO of Twitter and a number of social media executives. Elon Musk, former Twitter CEO Parag Agrawal, former chief financial officer Ned Segal, former chief legal officer Vijay Gadde, former general counsel Sean Ejit and others joined Elon Musk. He sued Mr. Musk.

 

As a first step towards the takeover, Elon Musk immediately fired executives from the social media platform Twitter. According to the lawsuit, SpaceX's top executives were "furious" with Twitter executives who played a key role in delaying the Twitter acquisition process. 

 

Because of them, Elon Musk repeatedly backed out of the Twitter acquisition. As a result of the lawsuit, Mr. Agrawal is entitled to a settlement of $57.4 million. However, former social media CFO Ned Segal received $44.5 million, Gadde $20 million, and Edgett $6.8 million, totaling $128 million.

 

The lawsuit quotes a page from Walter Isaacson's biography of Elon Musk.  The book explains that Elon hastily ended the deal a day early to fire the Twitter executives.

 

Does Elon Musk have a "Personal Grudge"?

"There was a reason right before his last stock option was granted," Walter wrote in the book. He said Elon said legal maneuvers prevented him from withdrawing $200 million. "Mr. Musk failed to pay severance packages to his executives, believed the rules did not apply to him, and used his wealth and power to pressure those who opposed him," the lawsuit said. "Elon Musk decided not to pay Plaintiff's severance, fired him without explanation, then gave false reasons and appointed employees from various companies to enforce his decision."

 

As of this message, X has not commented or responded to the lawsuit. This is not the first time Elon Musk and X have been sued. A separate lawsuit previously alleged that Twitter owed more than $500 million in unpaid severance payments to former employees.

 

OpenAI denies that Elon Musk is 'greedy'

Meanwhile, Elon Musk has caught the attention of many again, this time suing OpenAI and now only pursuing profits. Elon Musk, co-founder of OpenAI, is reportedly suing the company he co-founded and its current CEO Sam Altman. social media chief In addition, OpenAI is accused of being a "de facto closed-source subsidiary" of Microsoft, as Microsoft invested $13 billion and owns 49% of the company.

 

Suddenly, the accusation caught the attention of company executives talking about ChatGPT. OpenAI also firmly rejected the claims of Tesla's president. According to Gizchina, Monday (3/4/2024), the company stated that it completely disagrees with the claim.

 

Open AI is independent and competes directly with Microsoft.

They also emphasized that despite the SpaceX president's statements, the company has made significant progress in its mission. The company also denied allegations that it is pursuing profits at the expense of the original purpose of creating Open AI.

 

OpenAI "strongly disagrees" with Elon's claims, according to an internal memo from the artificial intelligence company to its employees. Bloomberg reported that OpenAI chief strategy officer Jason Kwon denied Elon's assertion that OpenAI is a "de facto subsidiary" of Microsoft.

 

Kwon also said, "The company's mission is to ensure that AGI (artificial general intelligence) benefits everyone, and OpenAI is independent and competes directly with these tech giants."

 

Elon Musk sues Open AI and Sam Altman

Reference: According to Engadget on Saturday, Microsoft uses OpenAI technology to power generative AI tools like Copilot. The complaint alleges that under OpenAI's current board of directors, they are developing and refining artificial general intelligence (AGI) to maximize Microsoft's profits, not for the benefit of humanity. "This is a betrayal of the founding agreement," reads Elon Musk's lawsuit against OpenAI.

 

The lawsuit defines AGI as machines with intelligence for a variety of human-like tasks. In the lawsuit, Elon Musk claims that GPT-4, which is said to have the ability to think better than the average human, is the same as AGI and is Microsoft's de facto algorithm.


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Source: liputan6.com

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