SEC Probes Whether OpenAI Misled Investors

WSJ What’s News

The Wall Street Journal

News, Daily News

4 • 4K Ratings

🗓️ 29 February 2024

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Feb. 29. A U.S. regulator is reportedly scrutinizing internal communications from OpenAI to see whether the company’s investors were misled. Journal tech reporter Sam Shechner says the probe is part of a wider fallout from CEO Sam Altman’s ouster and reinstatement last year. Plus, the FAA gives Boeing 90 days to make comprehensive safety and quality control improvements. And, Donald Trump is disqualified from the Illinois primary ballot. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	So how do we get AI right?
0:02.0	Well, we need the right volume of data, the software to train it, and massive compute power, or...
0:10.0	Another one buys the dust.
0:12.0	Are you ready?
0:13.0	Are you ready for this?
0:14.0	Are you hanging on the edge of your seat?
0:16.0	But with HE Green Lake, we get access to supercomputing to power AI at the scale we need,
0:21.0	helping generate better insights.
0:22.6	All right.
0:25.4	Nice teamwork guys.
0:26.9	Search HPE Green Lake.
0:28.0	The SEC is reportedly probing the communications of Open AI CEO Sam Altman
0:40.0	over whether he misled investors.
0:42.3	Open AI has taken in billions of dollars in investments from outside companies
0:47.5	and if indeed he made misleading statements that could be an issue.
0:51.2	Plus in Illinois judge orders Donald Trump's removal from the state's primary
0:55.9	ballot and we'll look at whether IKEA can save the American mall.
1:01.7	It's Thursday, February 29th. I'm Luke Vargas for the Wall Street Journal
1:05.3	and here is the AM edition of What's News, the top headlines and business stories moving
1:10.4	your world today. We begin with a journal exclusive this morning as we've learned that the Securities
1:20.5	and Exchange Commission is investigating whether open AI has misled investors.
1:26.0	According to people familiar with the matter, the regulator is examining internal communications
	...

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