Shareholders sued over undisclosed slowing growth and AI spending, involving Microsoft and OpenAI.
5 reports, 4 independent
Updated Jun 22
Gone quiet
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New informationRepeats or wire copies
AI-generated analysis. Brind wrote this summary from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.
What happened
Shareholders sued over undisclosed slowing growth and AI spending, involving Microsoft and OpenAI.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Lawsuit filed and partnership strains reported between Microsoft and OpenAI.1 source
Shareholders sued over alleged stock price fraud concerning Microsoft's major investment in OpenAI.1 source
- The Michigan pension fund led a shareholder lawsuit concerning Microsoft.Sub-event
Shareholders sued OpenAI/Microsoft over undisclosed slowing growth and AI spending.1 source
Keep exploring
The entities involved
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OpenAI
American artificial intelligence research organization
- Leaders call for international cooperation on AI risks, tech leaders call for oversight, and the CMA proposes stricter search engine choice requirements.
- Experts, including Dario Amodei at Cornell University, warned about the power and limits of AI, specifically citing risks of AI taking control of the internet.
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Microsoft
American multinational technology corporation
- Nvidia is expanding its platform deployment across major cloud providers, including Google Cloud and Microsoft Azure.
- Cloud giants, including Microsoft, Amazon, Anthropic, OpenAI, and Google, are benefiting from overall AI market growth while navigating corporate cost containment and future market competition.
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Google
American multinational technology company, a subsidiary of Alphabet Inc.
Related events
- OpenAI is facing a lawsuit alleging company responsibility for death, while simultaneously working on AI usage rules and launching a national AI strategy.
- OpenAI and Microsoft are facing a copyright infringement lawsuit from New York Daily News regarding the unauthorized use of its content for AI training.
- A lawsuit has been filed seeking to hold OpenAI accountable for harms caused by its AI, targeting both the company and its CEO.
- Ona Wang, who held Microsoft stock, is overseeing pretrial work in a lawsuit concerning Microsoft's major investment in OpenAI.
- The copyright infringement lawsuit involving the NYT, OpenAI, and Microsoft is ongoing, with the defense resting on proving no market overlap.