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Elon Musk exits OpenAI amid board clash and looming lawsuit

Elon Musk exits OpenAI amid board clash and looming lawsuit TechCrunch
Elon Musk left OpenAI's board in early 2018 after a heated dispute with co‑founders over control of the nonprofit's future. The disagreement, which began in 2017 when Musk demanded full authority over a planned for‑profit arm, led to a breakdown in funding and eventually a legal battle that began in 2024. Testimony from OpenAI president Greg Brockman, including excerpts from his private journal, revealed the tension behind the scenes. The conflict has resurfaced as courts examine whether Musk’s departure was voluntary or forced, and how the organization’s governance evolved into the AI powerhouse it is today. Read more →

DeepSeek seeks $45 B valuation in first venture round as China backs homegrown AI

DeepSeek seeks $45 B valuation in first venture round as China backs homegrown AI TechCrunch
Chinese AI lab DeepSeek is in talks to raise its first venture‑capital round, aiming for a valuation that could climb from $20 billion to $45 billion. Founder Liang Wenfeng, who controls about 90% of the company, is turning to investors after rival firms began poaching key researchers. The round is expected to be led by the state‑backed China Integrated Circuit Industry Investment Fund, with cloud giants Tencent and Alibaba reportedly considering participation. DeepSeek’s efficient large‑language model runs on Huawei chips, positioning it as a strategic asset in Beijing’s push for AI independence. Read more →