The US Securities and Exchange Commission is investigating internal communications by Sam Altman as part of an inquiry into whether OpenAI's investors were misled, The Wall Street Journal reported.
The investigation came after OpenAI's board fired Mr Altman as the company's chief executive in November after directors said he was “not consistently candid in his communications”. Mr Altman rejoined the company as chief executive weeks later as part of a deal to restructure OpenAI's board.
The US regulator has been seeking internal records from current and previous directors and officials at the ChatGPT maker and subpoenaed the company in December, WSJ reported on Wednesday night.
OpenAI is governed by a non-profit organisation that comprises former US Treasury secretary Larry summers, former Twitter director Bret Taylor and Quora co-founder Adam D'Angelo.
The company's for-profit arm includes employees, venture capitalists and its partner Microsoft, which has invested about $13 billion in the company.
As part of the restructuring in November, OpenAI's board said its partner Microsoft would have an oversight role.
Citing sources, WSJ reported that no specific comment or communication by Mr Altman has been deemed misleading. Rather, it is believed it was an expected response to OpenAI's allegations in its November statement.
The SEC enforces laws that make it illegal for companies to mislead investors, although its investigation into OpenAI may find no evidence of wrongdoing.
The new inquiry into OpenAI comes as the company faces other investigations by numerous regulators.
The US Federal Trade Commission in December began preliminary inquiries into OpenAI's partnership with Microsoft's investment into the company. UK and European Commission regulators are also looking into the partnership.
The National has contacted OpenAI for comment.
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Paatal Lok season two
Directors: Avinash Arun, Prosit Roy
Stars: Jaideep Ahlawat, Ishwak Singh, Lc Sekhose, Merenla Imsong
Rating: 4.5/5
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
Recipe
Garlicky shrimp in olive oil
Gambas Al Ajillo
Preparation time: 5 to 10 minutes
Cooking time: 5 minutes
Serves 4
Ingredients
180ml extra virgin olive oil; 4 to 5 large cloves of garlic, minced or pureed (or 3 to 4 garlic scapes, roughly chopped); 1 or 2 small hot red chillies, dried (or ¼ teaspoon dried red chilli flakes); 400g raw prawns, deveined, heads removed and tails left intact; a generous splash of sweet chilli vinegar; sea salt flakes for seasoning; a small handful of fresh flat-leaf parsley, roughly chopped
Method
▶ Heat the oil in a terracotta dish or frying pan. Once the oil is sizzling hot, add the garlic and chilli, stirring continuously for about 10 seconds until golden and aromatic.
▶ Add a splash of sweet chilli vinegar and as it vigorously simmers, releasing perfumed aromas, add the prawns and cook, stirring a few times.
▶ Once the prawns turn pink, after 1 or 2 minutes of cooking, remove from the heat and season with sea salt flakes.
▶ Once the prawns are cool enough to eat, scatter with parsley and serve with small forks or toothpicks as the perfect sharing starter. Finish off with crusty bread to soak up all that flavour-infused olive oil.
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