The Securities and Exchange Commission (SEC) has opened an investigation into OpenAI over concerns that internal communications from CEO Sam Altman may have misled investors, according to a Wall Street Journal report. The probe follows Altman's brief ouster as OpenAI CEO this past November. At the time, OpenAI's board removed him citing inconsistencies and a lack of transparency in his communications with investors and employees. Editor's note: This article was written by Angel SmithVideo Transcript[AUDIO LOGO]SEANA SMITH: The SEC is investigating internal communications from Sam Altman, the CEO of OpenAI, to see whether or not the company misled investors. But this report here from the journal, it's all over what they're scrutinizing some of those internal communications by Altman.

Source: Wall Street Journal February 29, 2024 18:17 UTC