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OpenAI CSO Slams Elon Musk's xAI's Trade Secret Case After Court Dismissal: 'It Was All About Him' - Tesla (NASDAQ:TSLA)
Benzinga· 2026-02-25 10:31
Jason Kwon, the Chief Strategy Officer of OpenAI, took to X to express his thoughts on the recent dismissal of a lawsuit filed by xAI against OpenAI. The lawsuit, which alleged that OpenAI orchestrated a scheme to poach eight xAI employees in 2025 to steal its trade secrets and source code, was dismissed by a U.S. district judge.Judge Dismisses Lawsuit, Citing Lack of EvidenceIn a post on Tuesday, Kwon suggested that the lawsuit was a reaction to Musk’s “0% chance of success” comment when he left OpenAI. Th ...
Ji Chaoqun: How China's 'Perfect' Spy Got Caught
Bloomberg Originals· 2026-02-18 15:08
I would think so. >> This story is about aviation secrets, in particular, jet engine trade secrets. These are technologies that China wants very badly.It's in the paper every day what China is alleged to be stealing in mass from the United States. >> The playbook is simple. Rob, replicate, and replace.We cannot tolerate a nation that steals the fruits of our brain power. >> G was almost like a packrat when it came to electronic information. >> You have text messages.You have videos, you have photos, you hav ...
How China's 'Perfect' Spy Got Caught | Exclusive Preview
Bloomberg Originals· 2026-02-17 09:30
Uh, you got >> No, I'm I'm I'm just going. >> Yes. >> He was kind of awkward. He was very goofy.He does not read like a Chinese spy. >> I at least had in my head this idea of a spy of James Bond, somebody jumping out of airplanes. And that is Nachi.$100,000. Is that monthly. >> Uh they they pay me uh every six months.>> This story is about aviation secrets in particular jet engine trade secrets. These are technologies that China wants very badly. >> It's in the paper every day what China has alleged to be s ...
X @Bloomberg
Bloomberg· 2026-02-13 05:23
The Sixth Bureau podcast from Bloomberg News follows a Chinese intelligence officer whose mission was to acquire the trade secrets of American aerospace companies. https://t.co/GvpjU8mMXY ...
Mark Cuban Says Trade Secrets Are Going To Become More Common In The AI Age: Here's What The Billionaire Said
Yahoo Finance· 2026-02-11 23:31
Billionaire investor Mark Cuban says companies will increasingly skip patents and lean on trade secrets as artificial intelligence reshapes the basic economics of intellectual property. Musk's Open-Source Patents Spark Cuban's Warning In an X post on Monday, Cuban shared a clip of Elon Musk's 2023 New York Times DealBook Summit interview, in which Musk said none of his companies have tried to stifle rivals and noted that Tesla Inc. (NASDAQ:TSLA) open-sourced its patents while SpaceX largely avoids using ...
US judge signals Musk's xAI may lose lawsuit accusing Altman's OpenAI of stealing trade secrets
Yahoo Finance· 2026-01-31 01:10
By Jonathan Stempel Jan 30 (Reuters) - A federal judge signaled on Friday she may dismiss a lawsuit by Elon Musk's artificial intelligence startup xAI (XAAI.PVT)accusing Sam Altman's rival OpenAI (OPAI.PVT)of stealing trade secrets to gain an unfair advantage in developing AI technology. U.S. District Judge Rita Lin in San Francisco said her "tentative view" is to grant OpenAI's motion to dismiss xAI's lawsuit, pending oral arguments on February 3. She also said tentatively that xAI could amend its cl ...
X @Bloomberg
Bloomberg· 2025-12-02 12:04
Industry Conflict - TSMC and Intel are in conflict over trade secrets allegations [1]
X @Bloomberg
Bloomberg· 2025-11-27 10:42
Legal & Compliance - Former TSMC executive's homes were searched due to alleged trade secret leaks to Intel [1] - The alleged leak poses potential risks to TSMC's competitive advantage [1] Competitive Landscape - Intel may have potentially benefited from the alleged trade secret leaks [1] - The incident highlights the intense competition and espionage risks within the semiconductor industry [1]
Intel Stands By Hiring Former TSMC Executive Accused Of Leaking Trade Secrets - Apple (NASDAQ:AAPL), Intel (NASDAQ:INTC)
Benzinga· 2025-11-27 10:08
Core Viewpoint - Intel Corp. stands by its decision to hire Wei-Jen Lo, a former executive from Taiwan Semiconductor Manufacturing Company (TSMC), despite TSMC's lawsuit alleging trade secret leaks [1][2][3] Group 1: Legal Dispute - TSMC filed a lawsuit against Wei-Jen Lo, claiming he requested information from employees to gain insights into advanced technologies under development at TSMC [3] - TSMC alleges that Lo poses a "high probability" of using or leaking confidential information to Intel, necessitating legal action [3] Group 2: Talent Movement and Company Response - Intel emphasizes that talent movement between companies is routine and healthy for the industry, asserting confidence in its team's integrity and high standards [2] - Lo joined Intel in October after a 21-year career at TSMC, where he was instrumental in the production of advanced chips [2] Group 3: Investigations and Market Context - Taiwanese authorities have initiated an investigation into whether Lo took advanced technology data from TSMC to Intel [4] - Intel is focusing on a turnaround strategy that includes tightening engineering efforts and ramping up AI initiatives to compete with TSMC, which leads in advanced chip manufacturing for major clients like Nvidia and Apple [4] Group 4: Stock Performance - Intel's stock has increased nearly 82% this year, reflecting strong momentum despite weak growth indicators [6]
TSMC stock falls as it sues former exec alleging he took trade secrets to Intel
CNBC· 2025-11-25 15:13
Core Viewpoint - TSMC has filed a lawsuit against former senior vice president Wei-Jen Lo for allegedly leaking confidential information to Intel, raising concerns about trade secrets and intellectual property rights in the semiconductor industry [1][2]. Group 1: Lawsuit Details - TSMC's lawsuit is based on Lo's employment contract, non-compete agreement, and regulations such as the Trade Secrets Act [1]. - The lawsuit claims there is a high probability that Lo has used or disclosed TSMC's trade secrets to Intel [2]. Group 2: Market Reaction - Following the news of the lawsuit, TSMC's share price fell over 3% [2]. - Intel's stock price also experienced a decline of 1.5% in mid-morning trade [3]. Group 3: Company Responses - Intel CEO Lip-Bu Tan stated that the company respects intellectual property rights and denied any wrongdoing related to the allegations [3]. - An investigation into the allegations has been opened by Taiwan's High Prosecutors [2].