Elon Musk loses OpenAI lawsuit

A federal jury in California has ruled against Elon Musk in his high-profile lawsuit against OpenAI and its CEO Sam Altman.

The unanimous verdict found that Musk's claims were barred by the statute of limitations, concluding that he waited too long to bring the case to court.

Musk had accused the company of betraying its non-profit mission after he donated $38 million to its founding.

The legal victory removes a significant hurdle for OpenAI as it reportedly prepares for a landmark initial public offering.