Musk's companies, X Corp and xAI, have filed an antitrust lawsuit against Apple and OpenAI, claiming the tech giants colluded to monopolize access to artificial intelligence on Apple devices.
Overview of the Lawsuit
The lawsuit was filed in the Northern District of Texas, targeting Apple's decision to make OpenAI's ChatGPT the exclusive AI chatbot for iOS. Court documents indicate that this arrangement grants OpenAI access to 'billions of user prompts' from iPhone users, controlling over 80% of the generative AI chatbot market.
Musk's legal team argues that this exclusive deal creates an 'anticompetitive conspiracy' that gives ChatGPT privileged access to Siri and core iPhone functions.
Crypto Market Reaction
Following the lawsuit filing, the market capitalization of AI-linked cryptocurrencies dropped over 7%, making it the worst-performing sector. This decline impacted projects linked to decentralized computing and machine learning platforms, as traders anticipated lengthy regulatory battles.
Expert Opinions on the Lawsuit
Reactions from the tech industry are divided regarding the lawsuit's legitimacy and potential impact. Some analysts view Musk's legal challenge as necessary resistance against entrenched monopolies that stifle innovation, while others see it as a tactical move to boost Grok's visibility in the market.
With billions at stake and AI adoption accelerating across industries, Musk's antitrust lawsuit could become a pivotal case in regulating AI monopolies.
