Post #2068077
2026-05-05 23:37 UTC
OpenAI's CEO and president both held personal stakes in a chip company they then signed a $10 billion deal with. Neither disclosed it. Ever. Confirmed under oath.
The CFO went to the Journal. Two sets of numbers. California AG watching. Eight banks holding a $40 billion unsecured loan with one repayment path.
Musk stumbled into being accidentally correct. That's almost worse.
https://blog.ppb1701.com/the-ipo-just-got-complicated
#openai #altman, #brockman #musk #cerebus #ai #sec #theranasai #userhostile #blog
Replies (1)
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@AAKL@infosec.exchange 2026-05-06 14:31
@ppb1701@ppb.social And this kind of thing is why the big bad players opted to place a corrupt lunatic in charge of deregulating the pesky laws that obstructed corruption.