The U.S. Securities and Exchange Commission is scrutinizing internal communications by OpenAI Chief Executive Sam Altman as part of an investigation into whether the company's investors were misled, the Wall Street Journal reported on Wednesday.
The regulator has been seeking internal records from current and former OpenAI officials and directors, and sent a subpoena to the company in December, the report said, citing people familiar with the matter, adding that it followed OpenAI board's decision in November to fire Altman as CEO and oust him from the board.
The regulator has been seeking internal records from current and former OpenAI officials and directors hindering its ability to exercise its responsibilities", OpenAI said at the time in a blog post. Altman was reinstated a few days later.
The investigation was described as a predictable response to the former OpenAI board's claim in its November statement, the WSJ report said. One of the people told WSJ that the SEC hasn't pointed to any specific statement or communication by Altman that it has deemed misleading.
OpenAI, SEC, and Microsoft did not immediately respond to Reuters' requests for comment.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Featured Video Of The Day
Japan PM Announces Resignation, Who Will Replace Him?
US' UCLA Must Protect Jewish Students' Access To Campus, Judge Rules "Laughable": US On Allegation That It Was Involved In Sheikh Hasina's Ouster "Don't Come To US": Indian Engineer Warns Students Of Visa, Green Cards Delay 150 mg Semen In Kolkata Doctor's Body, Suspect Gang-Rape: Parents To Court Trump, Musk Groove To Bee Gees' 'Stayin' Alive' In AI-Video Now Viral "Want To Ask Congress...": Mamata Banerjee Snaps At Ally In Rape-Murder Case US Judge Says "Monopolist" Google Can't Avoid App Store Reforms NASA To Decide Stranded Starliner Astronauts' Route Home By End Of Month Mob Vandalises Hospital During Protest Over Kolkata Horror Track Latest News Live on NDTV.com and get news updates from India and around the world.