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OpenAI CEO Sam Altman defends against conflict of interest claims amid scrutiny over personal investments.

Market News
12 May 2026
Forbes
View Source
Bearish
pluang ai news

OpenAI CEO Sam Altman testified that he properly recuses himself from decisions where his personal investments, including in companies like Helion, could pose conflicts of interest. This comes amid investigations by Republican lawmakers and state attorneys general into whether Altman's holdings influence OpenAI's business. Altman acknowledged he was on Helion's board while working to secure energy resources for OpenAI but said he stepped down to avoid conflicts. The scrutiny follows a lawsuit from Elon Musk alleging deception in OpenAI's for-profit shift and ongoing concerns about Altman's overlapping business interests. Altman has promised to cooperate with investigations and maintains transparency about his investments.

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