The regulator has been seeking internal records from current and former OpenAI officers and directors
The U.S. Securities and Exchange Commission is reviewing OpenAI CEO Sam Altman’s internal communications as part of an investigation into whether the company’s investors were misled, the Wall Street Journal reported on Wednesday.
Regulators have been seeking internal records of OpenAI’s current and former officers and directors and issued subpoenas to the company in December, the report said, citing people familiar with the matter, adding that regulators followed OpenAI’s board of directors’ decision to fire Altman in November. Made later. CEO and kicked him off the board.
OpenAI said in a blog post at the time that regulators had been seeking internal records of current and former OpenAI officers and directors that hindered its ability to carry out its duties. “A few days later, Altman was reinstated.
The Wall Street Journal reported that the investigation was described as a predictable response to claims made by OpenAI’s former board of directors in a November statement. The SEC did not identify any specific statements or communications by Altman that it considered misleading, one of the people told the Journal.
OpenAI, the SEC and Microsoft did not immediately respond to Reuters’ requests for comment.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
