AI software<\/a> maker Software Applications and AI pharmaceutical company Trialspark, now known as Formation Bio.<\/p>\nAltman was friends with Helion\u2019s founders and first invested in the company in 2015, he testified. The company, which is aiming to build the world\u2019s first fusion power plant, does not generate any revenue but has been valued in the private market at $5.4 billion.<\/p>\n
Altman testified that he asked OpenAI\u2019s \u200cboard to explore working with Helion in late 2022 and that he vouched for \u200bit being a good deal. Helion first signed an agreement to secure future energy for \u200bOpenAI in 2024. Altman stepped down from Helion\u2019s board in \u200bMarch 2026, as the companies explored a larger deal.<\/p>\n
Altman said of the 2024 deal that he was \u201crecused from it on \u200cboth sides\u201d and did not sign the agreement.<\/p>\n
Molo said Altman \u200bhad an \u201cobvious conflict\u201d in spearheading negotiations \u200bfor a May 2024 content partnership between OpenAI and Reddit.<\/p>\n
\u201cWe decided that the board would approve any final terms,\u201d Altman said. \u201cI had other people in the room with me. This was a well-discussed standard corporate recusal.\u201d Molo also questioned Altman about a $10 billion computing deal \u200bwith Cerebras, in which Altman holds a stake \u200cworth $3.2 million.<\/p>\n
The attorneys general of Alabama, Arkansas, Florida, Idaho, Iowa, Louisiana, Montana, Nebraska, Oklahoma, and West Virginia, all Republicans, told the \u200bSEC, “Altman\u2019s conduct to date raises serious legal questions and demands close scrutiny.” The SEC declined to comment.<\/p>\n
(Reporting by Kenrick Cai and \u200bDeepa Seetharaman in Oakland, California; editing by Peter Henderson and Nick Zieminski)<\/p>\n","protected":false},"excerpt":{"rendered":"By Kenrick Cai OAKLAND, California, May 13 (Reuters) – OpenAI Chief Executive Sam Altman holds more than $2…\n","protected":false},"author":2,"featured_media":483208,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,211326,18,1647,19,17,307,308,211327,82],"class_list":{"0":"post-483207","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-court-document","12":"tag-eire","13":"tag-elon-musk","14":"tag-ie","15":"tag-ireland","16":"tag-openai","17":"tag-sam-altman","18":"tag-steven-molo","19":"tag-technology"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116569320201338806","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/483207","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=483207"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/483207\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/483208"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=483207"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=483207"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=483207"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}