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Top stories today:
- Elon Musk’s lawsuit against Sam Altman rejected by jury
- Blackstone, Google form AI cloud venture with $5B initial commitment
- Anthropic co-founder to join Pope Leo for AI encyclical launch
- Anthropic’s Mythos users can share cybersecurity threats
- DOJ creates $1.8B fund in Trump IRS settlement deal
0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
Listen to our AI-generated podcast summarizing today’s newsletter (beware of hallucinations):
1. Elon Musk’s lawsuit against Sam Altman rejected by jury as time-barred, appeal planned
Musk said the decision was a “calendar technicality”:
Musk’s claims fell outside a 3-year statute of limitations, the court found.
2024: Musk sued Sam Altman and OpenAI, alleging they violated a commitment to keep the AI lab nonprofit.
“It’s not a technical decision, it’s a substantive one,” OpenAI’s lead attorney said.
“We necessarily have to appeal because this will become precedent,” Elon said
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3. Blackstone, Google form AI cloud venture with $5B initial commitment
Representational image generated using ChatGPT.
2027: the new company aims to bring 500MW of computing capacity online.
Google will supply TPUs, software, and services to the venture.
Longtime Google executive Benjamin Treynor Sloss will serve as CEO of the new company.
Blackstone will be the majority owner and is expected to support ~$25B in compute investments, including leverage.
Google and Blackstone have already identified data centers likely to be included in the venture.
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