Nathaniel Whittemore

Workday's stock lost more than 40% of its value in the now-over, as we just discussed, SaaSpocalypse, suggesting that the market is pricing them as one of the more vulnerable software firms.

Regardless of what Anthropic is actually working on, the market took this hire very badly, sending Workday down 6.5% on the day.

Over in legal land, Elon Musk's courtroom showdown with Sam Altman is inching closer and tensions are running hot.

In an amended filing on Tuesday, Musk clarified his desired outcome.

He is asking for the judge to unwind OpenAI's for-profit conversion and remove Sam Altman and Greg Brockman from the nonprofit board.

Much of the reporting has focused on the $150 billion in damages Musk is seeking alongside corporate reforms.

To set the record straight, however, Musk's filing asks that any monetary damages be awarded to the nonprofit rather than to Musk himself.

Musk's lawyer, Mark Toberoff, said the amendment was filed to make it clear that Musk is, quote, not seeking a single dollar for himself.

Toberoff continued, he is asking the court to return everything that was taken from a public charity and to make sure the people responsible are never in a position to do this again.

OpenAI fired back on X, posting, Today at the 11th hour, Elon lodged a court filing pretending to change his tune about attacking the non-profit OpenAI Foundation.

The truth is that this case has always been about Elon generating more power and more money for what he wants.

Having increasingly realized that his attempt to damage the non-profit OpenAI Foundation rests on a baseless legal case, Elon is once again trying to change the narrative and save face as the trial approaches.

His lawsuit remains nothing more than a harassment campaign that's driven by ego, jealousy, and a desire to slow down a competitor.

The lawsuit will now proceed to a jury trial beginning at the end of the month.

Meanwhile, in more business-y Elon news, Intel has thrown in their lot with Elon joining his Moonshot chipmaking venture.

Intel will partner with Tesla and SpaceX on the Terafab facility in Austin, Texas, providing design and construction support.

Crucially, Intel will oversee the refactoring step, a manufacturing process that makes the chips more powerful and reliable.

TeraFab is Elon's latest megaproject, designed to produce enough domestic AI chips to power his ambitions to build a, quote, robot army.

Tesla already produces their own AI chips for use in vehicles, but the manufacturing is outsourced to TSMC in Taiwan.

Musk wants to bring the process onshore at an ambitious scale, targeting one terawatt of chips per year.