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Business May 15, 2026

Musk vs. OpenAI: Closing Arguments Set Stage for Verdict on AI Firm’s Governance

Closing arguments were delivered Thursday in Oakland, bringing Elon Musk's lawsuit against Sam Altm…
Closing arguments were presented Thursday in the federal courtroom in Oakland, bringing the high‑profile lawsuit filed by Elon Musk against Sam Altman and OpenAI to its final stage. A nine‑person jury will soon decide whether the AI company and its leadership breached a founding agreement and must repay $134 billion. Closing Arguments Focus on Governance and Trust Attorney Steven Molo for Musk emphasized alleged dishonesty by Altman, using vivid analogies to question his credibility. He urged jurors to view Altman’s statements as a “scary‑looking bridge” built on a shaky version of the truth. Musk’s side argues that OpenAI’s shift from a non‑profit to a for‑profit structure violated an unwritten founding pact. OpenAI’s counsel, led by Sarah Eddy and William Savitt, countered that no explicit contract existed and that Musk was aware of the for‑profit plans as early as 2017. They highlighted testimony from Musk’s partner Shivon Zilis, who could not recall any binding conditions on his funding, and argued the claims fall outside the statute of limitations. Financial Stakes: $1 trillion Valuation and $134 billion Claim OpenAI is preparing an IPO later this year with a projected valuation of $1 trillion. Musk seeks the removal of Greg Brockman and Altman, a reversal of the for‑profit structure, and the redistribution of $134 billion from the for‑profit arm to the non‑profit entity. The outcome could affect investor confidence in high‑growth AI startups and set precedents for charitable‑trust litigation. Impact on Silicon Valley’s AI Ecosystem The trial has become a litmus test for how AI ventures balance profit motives with public‑benefit missions. A verdict against OpenAI could force other AI firms to re‑examine governance frameworks, potentially slowing fundraising and IPO timelines. Conversely, a ruling in OpenAI’s favor may reinforce the legitimacy of hybrid non‑profit/for‑profit models that dominate the sector. Potential Outcomes and Future Legal Landscape If the jury finds liability, Judge Yvonne Gonzalez Rogers will determine remedies, which could include restructuring mandates or monetary restitution. Such a decision would likely trigger increased regulatory scrutiny of AI companies’ charitable commitments and could inspire similar lawsuits from other early investors. Should the jury side with OpenAI, the case may close a chapter on Musk’s legal challenge but leave open broader debates about AI governance and the role of billionaire backers.
#Elon Musk #Sam Altman #OpenAI
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Entertainment May 15, 2026

Linda Bassett on Theatre, Career, and New Play 'Care'

Veteran actress Linda Bassett discusses her distinguished career, her long-standing collaboration w…
The LeadRenowned actress Linda Bassett reflects on her distinguished career spanning decades of theatre work, her celebrated collaboration with playwright Caryl Churchill, and her upcoming role in Alexander Zeldin's "Care" at the Young Vic. Known for her understated yet powerful performances, Bassett shares insights into her approach to acting and the profound impact of theatre on her life.The Career JourneyBassett's path to acting wasn't conventional. Despite coming from a non-theatrical family, she discovered her passion at age four when she was unexpectedly thrust into a Sunday school Easter play. "I was in bliss," she recalls. Her formative years included ushering at the Old Vic during Laurence Olivier's legendary tenure, where she witnessed groundbreaking performances and even sold ice creams during intermissions.After briefly studying English at Leeds University, where she focused on drama rather than academics, Bassett began creating devised work in Leeds and Coventry. This experience, she suggests, "made me a bit gobby," developing her confidence to make suggestions as an actor, though she admits she sometimes oversteps when working with certain playwrights.The Churchill ConnectionBassett's most significant artistic relationship has been with playwright Caryl Churchill, beginning with "Fen" in 1983 and continuing through to "What If If Only" in 2021. She describes auditioning for Churchill as "enormous" because it launched her on a particular trajectory. Her disconcerting clarity has made her a peerless interpreter of Churchill's work, which some audiences find forbidding."They're not hard to watch," Bassett protests of Churchill's plays. She recalls her iconic monologue in "Escaped Alone" where the phrase "terrible rage" is repeated 25 times in succession. "It was the only thing to say at that point. The words fed the feeling, and it was the audience who felt it, not me, which is ideal." Churchill's writing, she notes, is "so distilled, no excess baggage," requiring actors to find "the one way" to play them.From Call the Midwife to CareDespite notable film roles including "East Is East" and "Calendar Girls," many audiences know Bassett as stern nurse Phyllis in the BBC's "Call the Midwife." "Complete strangers come up and say, I love you. My wife loves you, my mother loves you. It's extraordinary," she remarks of the public's connection to the character. Despite playing Phyllis for over a decade, she found fresh aspects to explore, learning "how to be" more matter-of-fact and practical than her natural disposition.Currently rehearsing Alexander Zeldin's "Care" at the Young Vic, Bassett plays Joan, a woman who after caring for her family begins showing signs of dementia and needs care herself. "She's convinced, as many people are, that she's just in for respite. She never loses the idea that she's going home," Bassett explains. The role draws from personal experience; after a heart attack, she spent two weeks recuperating in a care home, giving her "an insight into what it's like when you become helpless."The Actor's Philosophy"Every part is an education," Bassett states. "That's the glory of being an actor. You learn about human feelings and frailty and rottenness. The writer puts their soul on the page, and you inhabit that. I've always felt I was a writer's actor." This philosophy has guided her selective approach to roles, resulting in a "remarkably free of crap" CV despite turning down numerous opportunities.Though she hasn't performed as many classics as she might have hoped—"I think I'm seen as a working-class actress"—Bassett values the authenticity she brings to her roles. With Zeldin directing "Care," she appreciates his desire for "absolute truthfulness," which "suits me down to the ground." As she prepares for this new challenge, she acknowledges the nerves: "Every new part you're starting again. It's a bit scary, but I think we'll be all right."The Future of TheatreAs a veteran performer who has witnessed theatre's evolution, Bassett remains committed to the medium's power. She recalls the impact of Ronald Pickup's messenger speech in Peter Brook's production of Seneca's "Oedipus": "People fainted every night. You didn't see anything, his voice was enough. That's the power of theatre, isn't it?"Looking ahead, Bassett continues to seek roles that challenge her and explore the human condition. Whether through her meticulous interpretation of complex playwrights like Churchill or her willingness to portray the vulnerability of aging in "Care," she remains dedicated to the craft that has defined her life. "Every part is an education," she reiterates, and with each new role, Linda Bassett continues to learn, grow, and enrich the theatrical landscape.
#Linda Bassett #Call the Midwife #Caryl Churchill
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Tech May 15, 2026

Jury Deliberations in Musk vs. Altman OpenAI Trial Signal Future of AI Governance

A nine‑person California jury is weighing narrow legal questions in the high‑stakes lawsuit between…
The Lead: Jury Begins Deliberations on OpenAI’s FutureNine California jurors are now deliberating the case that pits Elon Musk against OpenAI co‑founder Sam Altman and Microsoft. While the trial has covered the 2018 founder split, Altman’s 2023 firing and rehiring, the jury’s focus narrows to specific contractual and charitable‑trust issues. The Core Legal Questions Before the JuryWhether the $10 billion Microsoft investment in 2023 breached Musk’s intent for a nonprofit‑focused AI entity.If Musk’s donations, used before August 5, 2021, can be considered a charitable trust that was later violated.Whether the for‑profit affiliate’s $200 billion equity value truly supports the nonprofit mission. Financial Stakes and Valuations Highlighted in TestimonyOpenAI’s for‑profit arm generated roughly $200 billion in equity value, cited as support for the nonprofit foundation.Founders’ stakes (e.g., Brockman, Ilya Sutskever) and Microsoft’s holdings were presented as evidence of personal benefit.Musk’s last donations occurred in 2020, with all funds reportedly allocated by the nonprofit before that date. Strategic Implications for AI Governance and Corporate StructureThe trial underscores tension between rapid commercial AI development and the original nonprofit safety mission. If the jury sides with Musk, OpenAI could be forced to restructure or dissolve its for‑profit arm, potentially limiting its ability to fund large‑scale compute and talent. Conversely, a verdict for the defendants would reaffirm the current hybrid model, validating Microsoft’s veto rights and the for‑profit’s role in advancing AI safety. Projected Outcomes and Next Legal StepsThe judge will hold new hearings next week to explore the practical consequences of any verdict. A negative verdict for Musk could render those hearings moot, while a favorable ruling may trigger extensive restructuring, affecting investors, partners, and the broader AI ecosystem.
#Elon Musk #Sam Altman #OpenAI
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Politics May 15, 2026

Labour Loses Small‑Business Support as Tax Burden Hits Independent Owners

A Guardian letter from a Margate restaurant owner argues Labour’s recent local‑election losses stem…
In a recent Guardian letter, a small‑business owner from Margate argues that Labour’s recent local‑election setbacks reflect a widening disconnect with independent traders who feel over‑taxed and under‑represented.Letter Reveals Growing Disillusionment Among Small‑Business VotersThe author, Nicola Powell, describes how Labour’s rhetoric about “broad shoulders” resonates poorly with owners whose profit margins are shrinking despite substantial tax contributions.Financial Snapshot of a Margate Independent RestaurantAnnual turnover: £350,000Estimated tax paid (VAT, PAYE, NI): ~£100,000Owner’s net earnings: below minimum wage after accounting for hours workedEconomic and Political Impact of Declining Small‑Business SupportWhen owners like Powell face reduced income, the risk of closures rises, threatening local employment, community vitality, and future tax receipts for the Treasury.Outlook: What Labour Must Do to Re‑Engage Independent TradersTo halt the drift, Labour would need to propose tax reliefs or targeted support schemes that acknowledge the dual role of owners as both entrepreneurs and workers.
#Labour Party #Small Business Owners #UK Local Elections
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Politics May 15, 2026

Abbas Vows Reforms and Elections at Fatah’s Eighth General Conference

At the opening of Fatah’s eighth general conference in Ramallah, President Mahmoud Abbas pledged co…
Abbas Announces Reform Agenda at Fatah’s Eighth General ConferencePresident Mahmoud Abbas used the opening session of Fatah’s three‑day, eighth general conference in the occupied West Bank to reaffirm his commitment to overhauling the Palestinian Authority (PA) and to holding the long‑postponed presidential and parliamentary elections, though no specific timetable was given.Conference Milestones: Leadership Re‑election and Committee RestructuringDuring Thursday’s plenary, Abbas was unanimously re‑elected as leader of the Fatah movement, securing his continued role as head of the party’s central committee. The congress will also elect 18 new members to the central committee and 80 representatives to the revolutionary council, the movement’s parliament.Numbers at a Glance: Delegates, Seats, and Timeline Gaps~2,580 Fatah members attending the conference1,600 delegates in Ramallah; 400 in Gaza and Cairo each; 200 in Beirut18 central‑committee seats up for election80 revolutionary‑council seats up for electionLast central‑committee election held 10 years agoPolitical Stakes: Domestic Pressure and International ExpectationsThe reform pledge comes amid mounting pressure from the United States, the European Union and Arab states, which have criticised the PA for corruption, stagnation and a declining legitimacy among Palestinians. Rival factions, notably Hamas, have gained ground as Fatah’s popularity wanes, and key figures such as Jibril Rajoub and PA Deputy Hussein al‑Sheikh are being positioned as potential successors.Looking Ahead: Scenarios for Palestinian Governance Post‑AbbasAnalysts see three possible trajectories: (1) a swift transition to new leadership with credible elections, restoring PA credibility; (2) a protracted internal power struggle within Fatah that could further erode public trust; or (3) continued external pressure forcing a negotiated reform package that reshapes the PA’s relationship with Israel and the broader international community. The outcomes will heavily influence the Palestinian national movement’s ability to present a unified front for statehood negotiations.
#Mahmoud Abbas #Fatah #Palestinian Authority
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Entertainment May 14, 2026

Sasha Debevec‑McKenney Wins Dylan Thomas Prize for ‘Blistering’ Debut Collection

American poet Sasha Debevec‑McKenney has won the £20,000 Swansea University Dylan Thomas Prize for …
Debut Poet Sasha Debevec‑McKenney Secures Dylan Thomas PrizeSasha Debevec‑McKenney, an American poet based in Georgia, was announced as the winner of the £20,000 Swansea University Dylan Thomas Prize for her debut collection Joy Is My Middle Name. The award, presented in Swansea, honors writers 39 or under and recognized the collection’s “exuberant, blistering” style.Joy Is My Middle Name: A Bold Exploration of Race, Addiction, and WomanhoodThe collection delves into twenty‑ and thirties‑life themes—race, sex, womanhood, addiction, and consumerism—through a voice described as “fast and furious” by critics. Judges, led by Irenosen Okojie, praised its humor, intimacy, and relevance to “tricky times.”£20,000 Prize Highlights Growing Investment in Young PoetsPrize amount: £20,000Eligibility: writers aged 39 or underShortlisted titles: To Rest Our Minds and Bodies, We Pretty Pieces of Flesh, Under the Blue, Open, Heaven, Borderline FictionIndie press Fitzcarraldo’s first poetry title to achieve major awardImplications for Indie Presses and Contemporary Poetry LandscapeThe win underscores the rising credibility of small presses like Fitzcarraldo in launching award‑winning poetry, potentially encouraging more funding and distribution channels for experimental voices. It also raises the profile of American poets in the UK literary scene.What This Win Signals for Emerging Voices in PoetryIndustry observers expect increased attention to debut collections that blend personal narrative with social critique. Emerging poets may find greater opportunities for fellowships—such as Debevec‑McKenney’s role at Emory University—and for cross‑Atlantic publication deals.
#Sasha Debevec‑McKenney #Dylan Thomas Prize #Joy Is My Middle Name
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Sports May 14, 2026

Celtic Penalty Controversy Sets Stage for Scottish Title Showdown

A controversial VAR-awarded penalty against Motherwell has thrown the Scottish Premiership title ra…
The Lead: Title Race Upended by Controversial CallA controversial penalty awarded to Celtic against Motherwell following a VAR review has dramatically altered the Scottish Premiership title race, setting up a potentially decisive showdown between league leaders Hearts and Celtic at Celtic Park. The decision, which has sparked widespread debate and criticism, has left Hearts frustrated as they now face the prospect of losing their title lead in what could be the biggest Scottish game in a generation.The Event Details: A Night of VAR ControversyThe incident that led to Celtic being awarded a spot-kick against Motherwell has been intensely scrutinized, with referee John Beaton initially declining to award a penalty before being sent to his screen by officials at McStockley Park. The decision has been labeled in some quarters as the most controversial in Scottish football history, with even English pundits like Gary Lineker and Jeff Stelling weighing in on the debate. Football Daily's analysis suggests that while the ball may have hit Motherwell defender Sam Nicholson's arm, the initial decision not to award a penalty was not a clear-and-obvious error, making the subsequent VAR intervention particularly controversial.The Data Analysis: Title Race MathematicsWith the controversial penalty, Celtic secured a crucial victory that kept them in the title hunt, creating a scenario where Hearts now need to avoid defeat at Celtic Park to secure the championship. The mathematical implications are stark: Hearts, having seen off Falkirk at Tynecastle's final match of the season, were left seething after watching the Fir Park incident unfold. The result has set up a winner-takes-all showdown at Celtic Park, with Hearts knowing that even a draw might be insufficient depending on other results in the league.The Impact Analysis: Scottish Football in the SpotlightThe controversy surrounding this decision has once again brought Scottish football under scrutiny, with critics questioning the consistency and application of VAR in the league. Former Rangers player Ally McCoist described it as "a horrendous decision that has once again embarrassed Scottish football," while Hearts head coach Derek McInnes expressed frustration at what he perceived as bias against his team. The incident has reignited debates about the role of technology in football and whether it is enhancing or detracting from the game, particularly in a league where resources for implementing VAR may not match those in top European competitions.The Prediction: Paradise Awaits for CelticAs the title race reaches its climax, all eyes turn to the upcoming match at Celtic Park, where Hearts will need to overcome both their opponents and the weight of history. Recent encounters between these two sides suggest that the main post-match talking points may extend beyond the football itself, with potential disputes and controversies likely to overshadow the action on the pitch. For Celtic, the opportunity to reclaim the title at home presents both a chance for redemption and a platform to silence their critics, while Hearts will be aiming to prove they can handle the pressure and secure their first championship in decades.
#Celtic #Hearts #Scottish Premiership
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Tech May 14, 2026

Khosla Ventures Backs Ian Crosby's New AI Bookkeeping Venture Despite Bench Collapse

Khosla Ventures has invested $10 million in Synthetic, a new AI bookkeeping startup founded by Ian …
The Controversial Bet on AI BookkeepingDespite the collapse of his previous startup, Ian Crosby is taking another shot at building a business out of automating bookkeeping. His new venture, Synthetic, aims to create a fully autonomous AI bookkeeper that can generate accrual-based financials without direct human involvement.The Vision Behind SyntheticSynthetic is designed to revolutionize bookkeeping by eliminating the need for human accountants, a stark contrast to current accounting startups like Xero. Crosby maintains an all-or-nothing approach: "We're not going to release anything that's not fully autonomous. It's that or bust."The startup is currently in the design phase, with Crosby acknowledging that his vision may not yet be technologically possible. The company plans to initially serve only AI and other software startups.The $10 Million InvestmentDespite the challenges and Crosby's troubled past with Bench Accounting, Synthetic has successfully raised $10 million in a Seed funding round led by Khosla Ventures. The round also saw participation from Basis Set Ventures and Shopify CEO Tobias Lütke.This financial backing provides Crosby with the resources to wait for foundational AI models to become more reliable for bookkeeping calculations. "I've raised years of cash, so we can just wait it out," Crosby stated.Learning from Past FailuresKhosla partner Jon Chu defended the investment by explaining his tendency to "run towards controversy a little bit." He cited Parker Conrad's journey from Zenefits to founding Rippling (now valued at $17 billion) as an example of how industry narratives can be misleading.Chu conducted thorough due diligence, speaking with several executives who worked with Crosby after his departure from Bench. According to Chu, they "had fantastic things to say about Ian." This feedback, combined with Crosby's subsequent roles at Shopify and founding of Teal (which was acquired by Mercury), convinced Khosla of his growth potential.The Bench Accounting FalloutCrosby's previous venture, Bench Accounting, famously shut down in 2024 before being "bought for scraps." Crosby maintains he wasn't directly responsible for bringing the company to insolvency, stating he was fired by Bench's board in 2021 after turning down a $250 million acquisition offer from Brex.The board reportedly disagreed with Crosby's strategic direction as the business was bleeding cash, and his executive team was frustrated with his direct leadership style. "He took a big swing, made a few mistakes. That didn't go well," Chu acknowledged about Crosby's tenure at Bench.The Path to Autonomous AI BookkeepingWhile Synthetic's prototype works for a narrow group of users, Crosby remains uncertain how it will scale for a broader customer base. He compared the current state of AI bookkeeping to "a self-driving car that can drive down one street versus the self-driving car that can drive down any street.""We haven't driven down enough streets to know if it's going to crash," Crosby explained, highlighting the technical challenges ahead. Despite these obstacles, the founder remains committed to his vision of a fully automated financial future.
#Khosla Ventures #Ian Crosby #Synthetic
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Sports May 14, 2026

The Kinetic Foundation's Role in Launching McFarlane's Rise at Chelsea

The Kinetic Foundation, a south London charity, played a significant role in launching Calum McFarl…
The Rise of Calum McFarlane As meteoric rises go, Calum McFarlane’s takes some beating. Six years after he and his assistants Harry Hudson and Dan Hogan were working for a south London charity that provides football and education for disadvantaged children, they will lead out Chelsea to face Manchester City in Saturday’s FA Cup final. The Connection to Kinetic Foundation There have been accusations of cronyism given they have connections to Joe Shields, Chelsea’s co‑head of recruitment, that go back years, to when McFarlane, Hudson and Hogan were at the charity, the Kinetic Foundation, or beyond. But James Fotheringham, Kinetic’s co-founder, is dismissive of that. The Data Behind Kinetic Foundation's Success More than 80 players who have come through Kinetic’s thriving programme for 16- to 18-year-olds have been signed by professional clubs. More than 60% of Kinetic's Futures programme participants went to university last year. The Impact on McFarlane's Career McFarlane joined Kinetic in 2014 after a spell with the Norwegian side Tromsø and his partnership with Hudson blossomed. With Hudson as manager and McFarlane his assistant, in a reverse of their Chelsea roles, they took charge of their local side Croydon FC in 2017. The Future Outlook McFarlane has a chance to become the first English manager since Harry Redknapp in 2008 to win the FA Cup. His credentials to deal with a squad that cost more than £1bn to assemble has been questioned given his lack of experience at the highest level, but Fotheringham hopes McFarlane, with his trusted lieutenants Hudson and Hogan at his side, can make history.
#Chelsea #Calum McFarlane #Kinetic Foundation
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