OpenAI is being checked in connection with possible deception of investors – Kommersant

The US Securities and Exchange Commission (SEC) has launched an investigation into OpenAI, a company engaged in developments in the field of artificial intelligence (AI). As became known The Wall Street Journal (WSJ), the commission is reviewing evidence of possible misleading of the company’s investors and is currently examining internal correspondence between OpenAI founder and CEO Sam Altman, as well as other current and former management representatives.

As informed sources told WSJ, the commission sent a request for the provision of internal correspondence and communications of OpenAI management back in December. This was preceded by the situation with the decision of the OpenAI board of directors in November take off Sam Altman from his position as CEO and remove him from the board of directors because he was “not forthcoming” with the board. Mr. Altman back to the post of general director two weeks after the dismissal, but was not included in the board of directors.

According to WSJ sources, the decision to begin an audit is quite natural in light of the November events with the dismissal and return of Mr. Altman. OpenAI is managed by a non-profit structure of the same name. And investors in its commercial division include company employees, venture capitalists and Microsoft, which invested $13 billion in exchange for a 49% stake.

The WSJ notes that the SEC enforces laws prohibiting misleading investors – regardless of whether the companies in question are public or private. At the same time, the SEC often stops inspections without filing formal charges.

How Roskomnadzor is trying to block the OpenAI search program – in material “Kommersant”.

Alena Miklashevskaya