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GOP lawmakers probe Sam Altman’s business dealings ahead of OpenAI IPO

politicsMay 12, 20261015

The U.S. House Oversight Committee opened a probe into Sam Altman's personal investments and business ties, and several Republican state attorneys general asked the SEC to review potential conflicts as OpenAI moves toward an IPO. Investigators are scrutinizing Altman's links to investors including Peter Thiel after a New Yorker profile detailed personal anecdotes, and the inquiry follows courtroom testimony from former OpenAI chief scientist Ilya Sutskever alleging a pattern of dishonesty. Lawmakers' scrutiny may trigger SEC enforcement or slow the IPO, raising investor questions about OpenAI's governance ahead of a potentially multibillion-dollar public offering.

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