The regulator is specifically looking into internal communications involving CEO Sam Altman, and had also sent a subopena to OpenAI in December, the WSJ report showed. Both OpenAI and the SEC did not immediately respond to a request for a comment. OpenAI had recently unveiled a new model, Sora, which is capable of converting text prompts into videos. Its major leadership overhaul in November sparked questions over its governance structure, especially as the firm was founded as a non-profit in 2015. Most recently, The New York Times sued OpenAI in December 2023 over allegations that the start-up was illegally using the publication's copyrighted material.

Source: Wall Street Journal February 29, 2024 08:08 UTC