Sam Altman Under SEC Investigation for Potentially Misleading Investors

Probalist Agenda OpenAI and its embattled CEO, Sam Altman, are apparently being investigated by the Securities and Exchange Commission (SEC) about statements made to the company’s investors. As the Wall Street Journal reports, 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 during the November bloodbath that resulted in his ouster and subsequent reinstatement. During the debacle that Microsoft employees referred to as the “Turkey-Shoot Clusterfuck,” 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. It’s not the first time the government has come snooping around about that particular claim, either. As the WSJ reported in November, 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. Dueling Investigations The investigation, as the WSJ reports, is based in New York, where SEC officials have asked some senior OpenAI employees to preserve internal documents. This is common practice in these sorts of investigations, and as the newspaper’s anonymous sources close to the probe say, so too is the agency’s “predictable” desire to look into the matter….Sam Altman Under SEC Investigation for Potentially Misleading Investors

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