OpenAI's IPO plans may have suffered a major setback

According to sources familiar with the matter, Musk is claiming $150 billion (approximately 1.02 trillion yuan) from OpenAI and its largest investor, Microsoft, with the awarded sum intended for OpenAI’s charitable branch. In the lawsuit, Musk accuses OpenAI CEO Altman and Microsoft of betraying the nonprofit mission to benefit humanity that was announced when OpenAI was founded. He also demands that OpenAI revert to being a nonprofit organization and seeks the removal of Altman and other top executives from their positions. OpenAI’s lawyers counter that Musk’s lawsuit is essentially an attempt to take control of OpenAI and simultaneously promote his own AI company, xAI. OpenAI also stated that Musk was involved throughout the discussions on the company’s new structure and insisted on becoming the chief executive officer.Analysts have pointed out that this lawsuit comes at a critical moment as OpenAI pushes for an IPO. Currently, OpenAI is valued at $852 billion and had previously planned to go public as early as the fourth quarter of this year. If Musk wins the case, OpenAI may be forced to adjust its corporate structure, financing path, and even its IPO plans. Tech giants such as Microsoft, Oracle, Nvidia, and Amazon, which have deep cooperation with OpenAI, as well as the AI industry chain with a total market size exceeding $840 billion, may also face widespread ripple effects.