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Here's your TMB Tech Minute for Friday, March 1st.

I'm Alex Osala for the Wall Street Journal.

Elon Musk has sued Open AI and its CEO Sam Altman.

In the lawsuit, Musk alleges that Open AI and Altman broke and to humanity. Musk, who helped found Open AI in 2015, claims the company's close relationship

with Microsoft goes against the company's original commitment to public open source AI.

Open AI declined to comment.

Musk didn't respond to a request for comment.

We exclusively report that Reddit plans to target a price range of 31 to $34 per share in its

IPO.

That's according to people familiar with the matter.

That valuation of between six and $6.5 billion is down from the $10 billion valuation

Reddit notched in its most recent fundraising round in August 2021.

It's partly a reflection of investors waning appetite for unprofitable companies.

The company can still adjust the range before its road show to pitch investors or listing,

both of which are expected in the coming weeks. And Meta says it won't enter into new deals

with traditional news publishers in Australia and the US.

...