Despite these allegations, it's unclear if this situation could amount to securities fraud. OpenAI is a nonprofit organization and its for-profit subsidiary, OpenAI Global LLC, which has raised funds from investors, isn't entirely profit-driven.
Key takeaways:
- The US Securities and Exchange Commission might be investigating OpenAI or its founder and CEO, Sam Altman, for potentially misleading its investors.
- OpenAI's board had briefly fired Altman for not being consistently candid, but then reversed the decision and fired itself.
- There are suspicions that someone wasn't being honest about something within the organization.
- Despite these issues, the author expressed doubts that it would amount to securities fraud, given that OpenAI is a nonprofit organization and its for-profit subsidiary, OpenAI Global LLC, isn't entirely for-profit.