The move followed OpenAI board's decision in November to fire Altman as CEO and oust him from the board. Altman returned as CEO just days after his ouster, with OpenAI also unveiling a new initial board with former Salesforce co-CEO Bret Taylor as chair. SEC officials in New York have asked that some senior OpenAI executives preserve internal documents as they conduct the investigation, WSJ said. OpenAI has also recently completed a deal that values the Microsoft MSFT.O-backed startup at $80 billion or more, the New York Times reported earlier this month. OpenAI, the SEC, and Microsoft did not immediately respond to Reuters' requests for comment.

Source: Wall Street Journal February 29, 2024 04:52 UTC