Elon Musk to Meta Platforms Inc. (META) Defense over $97.4B Bid Documents for OpenAI

Meta Platforms Inc. (NASDAQ:META) is one of the best Robinhood stocks to buy right now. On August 27, Elon Musk’s legal team moved to block OpenAI from accessing documents from Meta, which OpenAI claims are vital to its defense in an ongoing lawsuit. The company alleges Musk tried to involve Meta CEO Mark Zuckerberg in a $97.4 billion bid to acquire OpenAI’s assets and believes related communications could clarify Musk’s intentions.

Elon Musk to Meta Platforms Inc. (META) Defense over $97.4B Bid Documents for OpenAI

Meta has resisted the court request, arguing OpenAI should seek records directly from Musk or his AI firm, xAI. Musk’s lawyers accuse OpenAI of overreaching, while OpenAI insists its requests are narrowly focused.

This dispute is part of a broader legal case in which Musk accuses OpenAI of straying from its original non-profit mission. OpenAI has countersued, calling Musk’s acquisition attempt a reputational attack. With a jury trial set for spring 2026, the outcome could expose high-level Silicon Valley negotiations and reshape the narrative around AI leadership and corporate intent.

Meta Platforms Inc. (NASDAQ:META) is a technology company focused on building social technology to connect people, develop communities, and advance the metaverse. Its core products and services include the social platforms Facebook, Instagram, WhatsApp, and Messenger, as well as VR products.

While we acknowledge the potential of META to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than META and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.