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Oversight chair seeks information from OpenAI’s Sam Altman about potential financial conflicts

The chair of the House Oversight Committee has sent a letter to OpenAI Chief Executive Sam Altman requesting information about potential conflicts of interest between Altman’s personal investments and his operation of the company.

The letter, sent Friday, comes amid a high-stakes legal battle currently playing out in an Oakland federal courtroom between one-time partners Altman and Elon Musk, the world’s richest man, who in 2015 co-founded the AI company best known for creating ChatGPT.

The company was first established solely as a non-profit corporation and the letter sent to Altman by Rep. James Comer (R-Ky.), the Republican chair of the Oversight committee, indicates that the committee is “investigating potential conflicts of interest involving capital from nonprofit corporations invested in startups and other for-profit companies.”

Comer has requested by May 22 a briefing from the company official responsible for oversight of potential conflicts involving company officers and directors, including Altman, as well as all documents related to conflict of interest policies and guidance for those executives.

While OpenAI was created as a non-profit designed to responsibly harness the power of the emerging artificial intelligence technology, the company created a for-profit subsidiary in 2019 and three years later released ChatGPT, which jumpstarted widespread adoption of the technology.

Musk, the chief executive of Tesla, left Open AI’s board in 2018, one year before the creation of the for-profit arm. He is arguing that Altman and another co-founder, Greg Brockman, betrayed the original mission of the non-profit organization, driven by their desire to “cash in” on the technology.

Musk added Microsoft, a significant investor in OpenAI, to the lawsuit in 2024. OpenAI is rumored to be gearing up to go public later this year or early next, and was recently valued at $852 billion.

Musk has said that he invested $38 million in the OpenAI non-profit, but he does not stand to benefit from a potential OpenAI public offering.

He created a rival company xAI in 2023 that was later folded into his company SpaceX

In the lawsuit, Musk is seeking $150 billion in damages, for Altman to be removed from the company and for the company to be fully returned to its non-profit status.

Musk’s complaint also alleges that Altman engaged in self-dealing by directing OpenAI to pursue deals with companies in which he also held a personal stake, including nuclear fusion power company Helion.

Comer’s letter cites reporting that Altman’s pursuit of a Helion deal, which is still ongoing, would come at a lofty valuation of the power-company, boosting the company’s worth, and the value of Altman’s investment.

Altman was briefly forced to step down from leadership of OpenAI in 2023 in part due to concerns about potential conflicts between his personal investments and his operation of the company, but was soon reinstated.

While the company’s board created an audit committee to investigate the potential conflicts of Altman and other officers, the findings were never disclosed.

Comer has requested that Altman turn over all documents and communication related to that audit committee.

Representatives for OpenAI did not immediately respond to requests for comment.

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Potential 2028 presidential candidates gather in L.A. for Democratic fundraiser

Prominent Democratic governors, some considering 2028 presidential bids, gathered Thursday in Los Angeles for a high-dollar fundraiser.

Tickets to attend the event cost up to $100,000, according to an invitation. Closed to the press, it was expected to raise more than $1.5 million for the Democratic Governors Assn., among the largest amount the group has ever raised at a fundraiser in Los Angeles.

Gov. Gavin Newsom introduced fellow Democratic Govs. Andy Beshear of Kentucky, Maura Healey of Massachusetts, Laura Kelly of Kansas, Katie Hobbs of Arizona, Wes Moore of Maryland, Josh Stein of North Carolina, Tim Walz of Minnesota and Gretchen Whitmer of Michigan.

Several attendees, including Newson, Beshear and Whitmore, are widely believed to be eyeing a presidential run in 2028. Walz was then-Vice President Kamala Harris’ running mate in her unsuccessful 2024 bid for the presidency.

Beshear moderated the conversation among the state leaders at the Los Angeles-area home of liquor heiress Ellen Bronfman Hauptman and her husband, former Chicago Fire soccer club owner Andrew Hauptman. Attendees enjoyed cocktails and passed hors d’oeuvres
around the pool before settling in for a conversation in the house that focused on how governors must focus on results more than ideological disputes, and how that ought to be a model for federal elected officials.

About 45 donors attended, including Damon Lindelof, the creator of “Lost,” and Scott Budnick, the executive producer of “The Hangover” movie series. Others who supported the event included director J.J. Abrams and former Walt Disney Studios Chairman Alan Horn.

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Hair dryer trick behind €25,000 win? France probes potential weather data scam linked to Polymarket

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Météo-France has initiated an inquiry to determine whether the meteorological infrastructure managed by them was targeted by individuals seeking to influence prediction markets.


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This development follows reports of highly unusual temperature spikes that triggered significant financial payouts on the blockchain-based site Polymarket, where users place wagers on real-world events.

Investigators are examining if the integrity of the national weather network was breached through physical or digital interference, as the precision of the winning bets suggests the actors involved may have had direct control over the reported data.

Online rumors, which remain unverified for the time being, claim the temperature reading was manipulated by someone using a hair dryer to generate a higher temperature.

Polymarket reportedly settles Paris temperature bets on a single Météo-France sensor sitting near the Charles de Gaulle airport perimeter.

On 6 April, the reading from the sensor abruptly rose 4°C in twelve minutes, crossing the 22°C threshold despite data from other sources showing different figures.

A user on Polymarket aggressively bet on readings above 21°C on that specific day, even though the consensus was lower at 18°C, and profited almost €30,000.

A second similar anomaly occurred on 19 April leading to suspicions that the sensor was tampered with.

Météo-France announced that it has filed a complaint with the Roissy air transport gendarmerie brigade “for [the] alteration of the operation of an automated data processing system,” after an analysis of sensor data.

Polymarket suspended its reliance on the compromised weather data source for Paris, shifting its resolution metric from the sensor in Charles de Gaulle airport to the one in Paris-Le Bourget airport.

However, it did not cancel the contracts or refund the bets, leaving the resolved contracts final, even though on previous occasions it has suspended the resolution of certain bets until further clarification on the rules and circumstances.

Decentralised ‘oracles’ and prediction markets

This incident has reignited the debate over the reliability of the “oracles” that feed data to prediction markets in order to settle bets.

In decentralised finance, an oracle is the mechanism that feeds external, real-world information into a smart contract to determine a financial outcome.

Polymarket relies on these feeds to settle its contracts, often pulling data directly from official government websites. If the primary source of that data is corrupted, the betting market lacks any internal mechanism to verify the truth.

Additionally, the decentralised nature of these platforms makes it difficult to freeze assets even if an investigation identifies the individuals behind suspicious trades.

This is the latest case that highlights a new frontier of white-collar crime, where the manipulation of the physical world is used to exploit the vulnerabilities of automated prediction markets in order to win bets on real-world events.

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Met Police investigate potential Iran links to London arson attacks | News

The latest attack at a Jewish site in the UK capital occurs at Kenton United Synagogue and causes minor damage.

The United Kingdom’s Metropolitan Police are investigating whether a recent spate of arson attacks on Jewish sites in North London could be linked to Iranian proxies.

Counter Terrorism Policing is leading investigations into the incidents, the Met Police said on Sunday, after an arson attack at the Kenton United Synagogue in northwestern London occurred overnight.

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There have been no injuries in the blazes, the latest of which caused minor damage.

Vicki Evans, deputy assistant commissioner of the Metropolitan Police, said most of the attacks have been claimed by the Harakat Ashab al-Yamin al-Islamia group (Islamic Movement of the Companions of the Right), often shortened to Ashab al-Yamin.

She said the group has also claimed several incidents at places of worship as well as business and financial institutions in Europe in recent months.

Evans said police were aware of “public reporting that this group may have links to Iran”.

She added that she has spoken before about Iran’s “routine uses of criminal proxies” and police were considering whether this tactic of “recruiting violence as a service” was being used in London.

Ashab al-Yamin emerged online in March and has claimed responsibility for several attacks on Jewish sites in Europe. It also claimed responsibility for an attack on the Persian-language Iran International news channel in London.

Recent arson incidents in London have included a bottle containing accelerant being thrown inside the Finchley Reform Synagogue in North London on Wednesday and Jewish-owned Hatzola ambulances being set alight in the car park of a synagogue in Golders Green on March 23. On Friday night, a man tried to light a bag containing three bottles of fluid outside the former premises of the Jewish Futures charity in Hendon.

The UK’s chief rabbi, Ephraim Mirvis, said the Kenton fire was the third “cowardly” attack on Jewish sites in the British capital in less than a week.

“A sustained campaign of violence and intimidation against the Jewish community of the UK is gathering momentum,” Mirvis said on X. “Thank God, no lives have been lost, but we cannot, and must not, wait for that to change before we understand just how dangerous this moment is for all of our society.”

Prime Minister Keir Starmer said he was “appalled” by the recent attacks at Jewish sites and those responsible would be brought to justice.

“This is abhorrent and it will not be tolerated. Attacks on our Jewish community are attacks on Britain,” he said in a post on X.

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