- 1. Bitcoin fell 1.0% to $76,292 ($1,527.4B cap), per CoinGecko.
- 2. Fear & Greed Index hit 29 (Fear), per Alternative.me.
- 3. Worldcoin rose 4.9% to $57.25 ($12.2B cap).
Elon Musk gripped the witness stand microphone in San Francisco Superior Court on Tuesday. He accused OpenAI cofounders Sam Altman and Greg Brockman of abandoning safe AGI principles. Bitcoin plunged 1% to $76,292 amid the drama, per CoinGecko.
Musk stared down OpenAI lawyers. Tension filled the room as he recounted their 2015 pact against Google dominance. CNN reporter Kweilin Ellingrud detailed the exchanges live.
Musk quit OpenAI's board in 2018 over direction disputes. OpenAI shifted to Microsoft funding and for-profit models. xAI's Grok now challenges ChatGPT on X.
Bitcoin market cap hit $1,527.4 billion. Ethereum fell 2.1% to $2,265.70, cap $273.4 billion, per CoinGecko. Alternative.me's Fear & Greed Index dropped to 29, signaling fear.
Worldcoin (WBT) climbed 4.9% to $57.25, cap $12.2 billion, bucking the trend.
Elon Musk Confronts OpenAI Lawyers in Court
Musk pointed to 2015 emails as evidence. "We aimed for safe AGI to beat Google," he testified. OpenAI attorneys countered that market realities forced changes.
Sam Altman had testified earlier. He defended growth needs for AI advancement, per court transcripts.
Musk started xAI in July 2023. Grok draws on real-time X data for candid answers. ChatGPT focuses on consumer tools.
Musk alleged OpenAI violated its charter. OpenAI cited Musk's 2018 demands in response emails.
Engineers defect from OpenAI to xAI. FTC probes AI mergers, per agency filings.
Testimony Shakes Investors and Fuels AI Rivalry
Microsoft, OpenAI's backer, watched closely. xAI raised funds from Andreessen Horowitz and Sequoia Capital, per PitchBook.
A Musk win might revert OpenAI to nonprofit status. Courts examine governance claims.
Nvidia shares rose 2.5% on AI demand, per Yahoo Finance. Rivalries boost open-source AI efforts.
AI tools scan blockchain data. xAI aids traders with on-chain insights.
Bitcoin dominance stayed at 56%. Ethereum Layer 2s enable AI workloads.
Crypto Markets Tumble After Court Clash
Crypto sold off broadly post-testimony. TRON (TRX) gained 0.7% to $0.33, cap $30.9 billion, per CoinGecko.
- Token: BTC · Price (USD): 76,292 · 24h Change: -1.0% · Market Cap: $1,527.4B
- Token: ETH · Price (USD): 2,265.70 · 24h Change: -2.1% · Market Cap: $273.4B
- Token: XRP · Price (USD): 1.37 · 24h Change: -1.0% · Market Cap: $84.5B
- Token: BNB · Price (USD): 615.26 · 24h Change: -1.3% · Market Cap: $82.9B
- Token: SOL · Price (USD): 83.20 · 24h Change: -1.1% · Market Cap: $47.9B
Dogecoin dropped 0.6% to $0.11, cap $16.4 billion, per CoinGecko. Musk often touts it.
AI hype spurs swings. Solana hosts DeFi AI apps. Fear & Greed at 29 flags risks.
Musk Pushes Decentralized AI in Testimony
Musk advocates open AI models. OpenAI uses Azure servers.
VC pours into xAI's Grok. OpenAI battles lawsuit delays.
EU AI Act demands openness. U.S. bills follow suit, per Reuters reports.
Bitcoin stores AI weights. Ethereum proves computations.
BlackRock and Fidelity boosted Bitcoin ETF inflows despite dip, per Bloomberg Terminal data.
Court Outcome May Transform AI Competition
Musk triumphs? OpenAI opens models. OpenAI prevails? Profits remain private.
xAI readies Grok-2 for Tesla bots.
Nasdaq monitors AI spending. Crypto forges AI tools.
Bitcoin tests $76,000 support. ETF flows steady nerves. Musk's testimony underscores human battles shaping AI ahead.
Frequently Asked Questions
What happened in Musk OpenAI testimony day 2?
Musk outlined his souring relationship with OpenAI. He highlighted deviations from original nonprofit goals. CNN reported key exchanges in court.
Why does Musk OpenAI testimony impact AI development?
Testimony exposes philosophical clashes on AGI paths. xAI pushes open models against OpenAI's closed approach. Investors monitor for regulatory shifts.
How do crypto markets react to Musk OpenAI feud?
Bitcoin falls to $76,292 with Fear & Greed at 29. Broad declines hit ETH and SOL. WBT gains 4.9% amid AI narrative flux.
What are implications of Musk OpenAI testimony for investors?
Feud risks OpenAI restructuring and Microsoft ties. xAI gains traction with Grok. Tech finance eyes AI governance precedents.
