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OpenAI Letter to banks and investors: Elon Musk’s lawsuit case worth no more than $38 million, amount of Musk’s donation. Musk seeks up to $109.43 billion, plus punitive damages in Trial of the Century v. OpenAI.

According to CNBC, OpenAI has told banks and investors that Elon Musk’s lawsuit v. OpenAI and Sam Altman has a risk exposure of only $38 million, the amount Musk donated to start OpenAI.

But, in a recent filing on the remedies sought in the lawsuit, Musk is seeking upwards of $109.43 billion, plus punitive damages and an injunction against OpenAI. Yes, billion, not million, dollars.

If a jury agrees with Musk on his claims against OpenAI, whose math will prevail?

CNBC reporting of the OpenAI letter: “We have strong defenses and feel confident about our chances of winning the case. Regardless, based on the record so far, we believe this case is worth no more than the $38M that Elon donated – though that is not a guarantee.”

The OpenAI letter reportedly says: “Elon’s lawsuit remains baseless and without merit, and our team is focused on ensuring the jury sees these claims for what they are.”

@cnbc

CNBC’s Kate Rooney reports on an OpenAI investor letter sent out this afternoon.

♬ original sound – cnbc

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