Free NewsletterPro Login
S&P 500 6,287 +0.42%
DOW 44,521 -0.18%
NASDAQ 21,103 +0.71%
S&P 500 +12.4%
Briefs Finance Fund +24.8%
JOIN THE FUND →

Apple Lawsuit Ignites New Clash Between Musk and Altman Over Trade Secrets

Published Jul 13, 2026
[tts_player]
Share:
Summary:
  • Apple filed a trade secrets lawsuit against OpenAI, alleging theft of confidential information.
  • Elon Musk responded by calling Sam Altman a "scammer" on X, while Altman mocked Musk's space data center plans.
  • SpaceX completed a $75 billion IPO and agreed to acquire Cursor for $60 billion in stock, while OpenAI filed confidentially for its own IPO.

Apple sued OpenAI for stealing trade secrets. That lawsuit lit a match between two old friends turned rivals. Elon Musk jumped on X to call Sam Altman a scammer. Altman fired back, poking at Musk's space data center plans.

The Spat That Started With a Lawsuit

Musk, who co-founded OpenAI in 2015 and left its board in 2018, saw an opening. He replied to a post about the lawsuit, writing: "Scam Altman strikes again …" He added, "He takes scamming to a whole new level."

Altman responded by mocking Musk's plans for space-based data centers. "Homeboy you're the one selling public market investors on short-term space datacenters," Altman wrote. Musk shot back: "We start flying them next year. Maybe you can come see them if your parole officer approves."

Nikita Bier, head of product at X, responded to Altman's post about Apple: "Incredible trade secrets as well, some of the best." Musk responded with a laughing-crying emoji.

Get the market news that matters in a five-minute read with Market Briefs, our free daily newsletter

An OpenAI representative told CNBC on Friday, "We have no desire to obtain competitors' confidential information."

Big Money Moves on Both Sides

SpaceX completed a record $75 billion IPO and agreed to acquire AI coding firm Cursor for $60 billion in stock. Meanwhile, OpenAI filed confidentially for its own IPO, while Altman claimed its GPT-5.6 Sol model is the best. The two companies are also jockeying on model releases: SpaceX rolled out Grok 4.5, and OpenAI put forward GPT-5.6 Sol.

Background of the Rivalry

The personal animosity between Musk and Altman has deep roots. Musk also plans to appeal the jury verdict in his earlier lawsuit against Altman and OpenAI. That earlier legal fight, filed in 2024, alleged that OpenAI had abandoned its nonprofit mission to become a for-profit entity heavily backed by Microsoft.

A jury ruled against Musk, but he is pressing on. The Apple lawsuit adds a fresh legal front to an already tangled battlefield.

The friendship between Musk and Altman began to fracture when Musk recruited OpenAI engineers to overhaul Tesla's Autopilot system and poached Andrej Karpathy, a prominent AI researcher, from OpenAI. That move, combined with the shift in OpenAI's corporate structure, set the stage for years of public sparring.

AI Model Rivalry Heats Up

Beyond the legal and financial battles, the two companies are competing head-to-head on artificial intelligence models. SpaceX released Grok 4.5, while OpenAI launched GPT-5.6 Sol. Each claims superiority, and the war of words shows no sign of easing.

This feud shows no signs of cooling down. With Apple's lawsuit, rival IPO filings, and a deepening personal war of words, the AI industry's biggest personalities are clashing on multiple fronts.

Join Market Briefs, our free daily newsletter, for a quick daily rundown of the markets

Disclosure

Recent News

1 2 3 34

Get Market Briefs delivered to your inbox every morning for free!

No fluff. No noise. No politics. Just finance news you can read in 5 minutes.

Blogs

June 29, 2026
Portfolio Diversification: Why Putting All Your Eggs in One Basket Destroys Wealth
  • Real diversification means spreading investments across all 11 economic sectors plus bonds, alternatives, and cash so no single bet can sink the portfolio.
  • Different sectors perform at different times, so a diversified portfolio captures upswings while smoothing the brutal drawdowns that wipe out concentrated bets.
  • Total market index funds offer the simplest path to diversification, and annual rebalancing is what keeps the structure working over time.
Read More
June 29, 2026
Non Taxable Income: What It Is and Why It Matters
  • Non taxable income is money you receive that you don't owe income tax on.
  • The tax code treats workers, investors, and business owners very differently, and investors often come out ahead.
  • Learning how income is taxed is a quiet superpower for keeping more of what you earn.
Read More
June 29, 2026
Semiconductor Stocks: A Simple Guide for Investors
  • Semiconductor stocks are companies that design and make computer chips, the brains inside nearly every modern device.
  • The AI boom has turned chips into one of the market's most important and most watched groups.
  • They offer big growth potential, but come with high valuations and a notoriously cyclical history.
Read More
June 25, 2026
How Stocks Work: A Simple Guide for Beginners
  • A stock is a slice of ownership in a company - buy one, and you own a piece of the business.
  • You make money two ways: the share price rising over time, and dividends paid to shareholders.
  • The simplest path for most beginners is buying into the whole market through a low-cost index fund.
Read More
June 25, 2026
Stop Loss vs Stop Limit: What's the Difference?
  • A stop loss order sells your stock once it hits a trigger price, prioritizing getting you out.
  • A stop limit order only sells within a price range you set, prioritizing price over a guaranteed exit.
  • The trade-off: a stop loss almost always executes; a stop limit might not if the price moves too fast.
Read More
June 25, 2026
Energy Stocks: A Simple Guide for Investors
  • Energy stocks are companies that produce and supply the power the world runs on, from oil and gas to newer sources.
  • They make up one of the 11 sectors of the market and tend to move with energy prices and big-picture shifts.
  • Like any sector, the key is diversification and understanding the forces driving demand.
Read More
June 18, 2026
What Is a Stop Loss Order? A Simple Guide
  • A stop loss order automatically sells a stock once it falls to a price you set.
  • It's a tool to cap losses or lock in gains without watching the market all day.
  • It works best for active strategies, and can backfire if used carelessly on long-term holdings.
Read More
June 18, 2026
Best S&P 500 Index Fund: How to Choose One
  • The best S&P 500 index fund for most investors is simply the cheapest, most established one that tracks the index well.
  • Funds like VOO, IVV, and SPY all hold the same 500 companies, so the biggest difference is the fee.
  • Pick one, automate your buys, and let time do the heavy lifting.
Read More
June 17, 2026
What Are Penny Stocks? Risks and Rewards Explained
  • Penny stocks are very low-priced shares of very small companies, often trading for just a few dollars or less.
  • They promise huge gains but carry huge risks: low liquidity, high failure rates, and wild price swings.
  • Most investors are better served by quality companies and funds than by chasing cheap shares.
Read More
June 17, 2026
Best Stocks for Beginners With Little Money
  • The best stocks for beginners with little money usually aren't individual stocks at all - they're low-cost index funds.
  • You can start with $100 or less and use small, regular investments to build wealth over time.
  • Focus on diversification and consistency, not on picking the next big winner.
Read More
1 2 3 24
Share via
Copy link