Federal regulators investigate potential misinformation during Sam Altman’s abrupt ouster and return, according to the Wall Street Journal. The Securities and Exchange Commission issued a December subpoena to Altman, the OpenAI CEO, as sources claim.
While the report doesn’t detail investors’ claims, it probes Altman’s internal communications. The investigation originates from the former OpenAI board’s November decision to fire Altman as CEO. Altman swiftly returned after an employee and shareholder revolt, with the board citing his lack of consistent candor. Some sources view the investigation as an anticipated response to the board’s November statement.
via CNBC Television
The SEC, citing one source, hasn’t identified any specific misleading statement by Altman. Following his return, Altman now serves as OpenAI’s CEO, and the company introduces a new initial board chaired by Bret Taylor. SEC officials in New York instruct senior OpenAI executives to preserve internal documents during the investigation, as reported by the WSJ. The SEC refrains from commenting on the potential investigation, and OpenAI and Microsoft do not respond immediately.
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