Ashok Y
@ashok
WSJ Tech News Briefing cover image

TNB Tech Minute: Elon Musk Sues Sam Altman and OpenAI

WSJ Tech News Briefing

Tech Industry Updates: Musk's Lawsuit, Reddit IPO Price, and Meta's News Publisher Deals

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Elon Musk has sued OpenAI and its CEO for allegedly prioritizing profit over the benefits to humanity, Reddit plans to target a price range of $31 to $34 per share in its IPO, down from its previous $10 billion valuation in August 2021 due to investors' dwindling interest in unprofitable companies, and Meta announced it won't make new deals with traditional news publishers in Australia and the US after a significant drop in users interacting with news on Facebook in those countries.

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