SEC Investigates OpenAI for Allegedly Misleading Investors

  • February 29, 2024
According to Foresight News, the US Securities and Exchange Commission (SEC) is reportedly investigating internal documents of OpenAI to determine if the company misled investors. The SEC's investigation is related to the sudden dismissal of CEO Sam Altman by the OpenAI board in November last year, accusing him of a lack of consistent honesty in communication. Previously, the OpenAI board stated that they no longer had confidence in Sam Altman's ability to lead the company, and subsequently, OpenAI co-founder Greg Brockman announced his departure from the company.