GOP officials demand Altman testimony, SEC probe
lawmakers subpoenaed sam altman to testify by may 22 regarding potential self-dealing conflicts between his personal investments and openai's corporate deals.
house oversight committee chair james comer subpoenaed sam altman, requiring testimony by may 22 and documents regarding the post-ouster audit committee to examine if nonprofit capital improperly inflated for-profit valuations. six state attorneys general petitioned the sec to investigate whether altman pressured openai into investments like helion energy to enhance his personal wealth, posing risks to pension funds. with openai valued at $850 billion, an ipo would force index funds to absorb shares, exposing retail investors to losses if these conflicts of interest harm the company. openai board chair bret taylor defended altman, stating he recused himself from specific decisions, while elon musk's lawsuit challenging openai's nonprofit conversion continues.