US SEC investigating if OpenAI investors were misled, WSJ reports

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.