The Securities and Exchange Commission is reportedly investigating whether Sam Altman deceived OpenAI’s small circle of wealthy investors.
Altman was fired, and then brought back, to head the company that makes ChatGPT last year. The Wall Street Journal reported that the regulator sought internal documents from current and former OpenAI officials and directors. There is also a separate criminal investigation into OpenAI, the newspaper previously reported, and that investigation is continuing, the report said.
MicrosoftMSFT,
is a major investor in OpenAI’s for-profit arm. There are also competition investigations into the relationship between OpenAI and Microsoft.
The emergence of ChatGPT and other large language models has been one of the driving forces behind the S&P 500 SPX index’s 28% rally over the past 52 months.