OpenAI and CEO Sam Altman Under Investigation by SEC

OpenAI and its embattled CEO , Sam Altman , are apparently being investigated by the Sec urities and Exchange Commission ( SEC ) about statements made to the company's investors. The SEC is looking at emails, including those sent by and to Altman, as its investigators figure out whether the company's investors were misled.

The company's board claimed when sacking Altman that he had not been 'consistently candid in his communications' — only to reinstate him days later following an employee revolt, with a modified board that didn't include those that ousted him. Now, it seems, the SEC is trying to figure out what happened there, and if OpenAI itself was, you know, 'candid' in its own communications. Officials from the US attorney's office in Manhattan and other regulators began asking executives what they meant by that statement even as the coup was going down. Reports state that OpenAI, based in New York, where SEC officials have asked some senior OpenAI employees to preserve internal documents

Source: News Formal (newsformal.com)

Openai CEO Sam Altman Investigation SEC Statements Investors Emails Transparency Communication Board Reinstatement New York Internal Documents

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