Both the US and Iran have recently signaled progress on efforts to reach a deal to end their conflict, though their accounts of its terms differ on some issues across respective media narratives, Anadolu reports.
US President Donald Trump on Saturday said an agreement with Iran to end the war was “largely negotiated” and awaited finalization.
On Sunday morning, Iran’s semi-official Tasnim news agency also published a report on the details of a potential agreement. However, certain aspects of what has been agreed seem to diverge.
Here is a comparison of the US and Iranian versions of the deal by key issues.
Strait of Hormuz
Citing a US official, Axios said the deal that Washington and Tehran are close to signing would extend a ceasefire by 60 days, during which the Strait of Hormuz would be reopened.
During the 60-day period, the Strait of Hormuz would be opened without any tolls, and Iran would remove the mines it has placed there to ensure unrestricted maritime passage.
In return, Washington would lift its blockade on Iranian ports, added the report.
The New York Times also said it was informed by three senior Iranian officials that Tehran had agreed to a memorandum of understanding to halt fighting and reopen the Strait of Hormuz.
US Secretary of State Marco Rubio also said on Sunday that the agreement could, if successful, result in a “completely open” Strait of Hormuz, with no tolls or restrictions on passage.
“They don’t own it. It’s an international waterway,” Rubio told reporters of the strait, in remarks that came during his visit to India.
A report by Iran’s semi-official news agency Tasnim, however, said that the Strait of Hormuz will not fully return to its pre-war status if the agreement is reached.
Instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days, the outlet added.
Tehran also demands an end to the US blockade on its ports, arguing that no changes will be made in the strait if the blockade remains in place.
For its part, the US argues that the quicker Iran removes the mines and allows shipping to resume, the sooner the blockade will be lifted.
READ: Iran ready to reassure world it is not pursuing nuclear weapons, president says
Sanctions relief and release of frozen Iranian assets
Iran was seeking the immediate unfreezing of funds and a permanent lifting of sanctions, but the US position indicates these measures would only be granted after Iran made concrete concessions, according to the Axios report.
As part of the proposed 60-day agreement, the US is offering temporary sanctions waivers that would allow Iran to sell its oil freely. These waivers are explicitly linked to Iran reopening the Strait of Hormuz, removing mines, and ending restrictions on maritime traffic. Once these steps are taken, Washington would also lift its naval blockade on Iranian ports.
Tehran, however, says no agreement will be reached unless at least a portion of the frozen Iranian assets is released immediately. Iranian media confirmed the discussion of temporary oil sanctions waivers in the latest US proposal but insisted on broader and more permanent sanctions relief.
Nuclear file
The Axios report said the draft deal includes commitments from Iran not to pursue nuclear weapons, along with provisions to negotiate a suspension of uranium enrichment and the removal of its stockpile of highly enriched uranium.
The Iranian media reports, however, indicate that Tehran has not yet accepted anything on its nuclear program.
A potential deal would involve a 60-day negotiation window on Iran’s nuclear program, according to Tasnim.
Extent of ceasefire
Both US and Iranian media reports suggest that the cessation of hostilities would mean a halt to fighting on all fronts, including Lebanon.
This was also highlighted by Iranian Foreign Ministry spokesman Esmaeil Baqaei on Saturday, when he said Tehran was prioritizing an end to hostilities across all fronts, including Lebanon.
Context
Regional tensions have escalated since the US and Israel launched strikes against Iran in February. Tehran retaliated with strikes targeting Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.
A ceasefire took effect on April 8 through Pakistani mediation and was later extended by Trump indefinitely. Washington and Tehran also held rare direct talks in the Pakistani capital Islamabad on April 11-12, but have failed to reach an agreement.
Trump’s Saturday remarks came after Pakistani army chief Asim Munir’s visit to Tehran. The visit was the second of its kind in recent weeks, as Munir is directly involved in Islamabad’s mediation efforts.
READ: Trump says Iran talks ‘constructive’ but blockade will remain until final deal is reached
Both the US and Iran have recently signaled progress on efforts to reach a deal to end their conflict, though their accounts of its terms differ on some issues across respective media narratives, Anadolu reports.
US President Donald Trump on Saturday said an agreement with Iran to end the war was “largely negotiated” and awaited finalization.
On Sunday morning, Iran’s semi-official Tasnim news agency also published a report on the details of a potential agreement. However, certain aspects of what has been agreed seem to diverge.
Here is a comparison of the US and Iranian versions of the deal by key issues.
Strait of Hormuz
Citing a US official, Axios said the deal that Washington and Tehran are close to signing would extend a ceasefire by 60 days, during which the Strait of Hormuz would be reopened.
During the 60-day period, the Strait of Hormuz would be opened without any tolls, and Iran would remove the mines it has placed there to ensure unrestricted maritime passage.
In return, Washington would lift its blockade on Iranian ports, added the report.
The New York Times also said it was informed by three senior Iranian officials that Tehran had agreed to a memorandum of understanding to halt fighting and reopen the Strait of Hormuz.
US Secretary of State Marco Rubio also said on Sunday that the agreement could, if successful, result in a “completely open” Strait of Hormuz, with no tolls or restrictions on passage.
“They don’t own it. It’s an international waterway,” Rubio told reporters of the strait, in remarks that came during his visit to India.
A report by Iran’s semi-official news agency Tasnim, however, said that the Strait of Hormuz will not fully return to its pre-war status if the agreement is reached.
Instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days, the outlet added.
Tehran also demands an end to the US blockade on its ports, arguing that no changes will be made in the strait if the blockade remains in place.
For its part, the US argues that the quicker Iran removes the mines and allows shipping to resume, the sooner the blockade will be lifted.
READ: Iran ready to reassure world it is not pursuing nuclear weapons, president says
Sanctions relief and release of frozen Iranian assets
Iran was seeking the immediate unfreezing of funds and a permanent lifting of sanctions, but the US position indicates these measures would only be granted after Iran made concrete concessions, according to the Axios report.
As part of the proposed 60-day agreement, the US is offering temporary sanctions waivers that would allow Iran to sell its oil freely. These waivers are explicitly linked to Iran reopening the Strait of Hormuz, removing mines, and ending restrictions on maritime traffic. Once these steps are taken, Washington would also lift its naval blockade on Iranian ports.
Tehran, however, says no agreement will be reached unless at least a portion of the frozen Iranian assets is released immediately. Iranian media confirmed the discussion of temporary oil sanctions waivers in the latest US proposal but insisted on broader and more permanent sanctions relief.
Nuclear file
The Axios report said the draft deal includes commitments from Iran not to pursue nuclear weapons, along with provisions to negotiate a suspension of uranium enrichment and the removal of its stockpile of highly enriched uranium.
The Iranian media reports, however, indicate that Tehran has not yet accepted anything on its nuclear program.
A potential deal would involve a 60-day negotiation window on Iran’s nuclear program, according to Tasnim.
Extent of ceasefire
Both US and Iranian media reports suggest that the cessation of hostilities would mean a halt to fighting on all fronts, including Lebanon.
This was also highlighted by Iranian Foreign Ministry spokesman Esmaeil Baqaei on Saturday, when he said Tehran was prioritizing an end to hostilities across all fronts, including Lebanon.
Context
Regional tensions have escalated since the US and Israel launched strikes against Iran in February. Tehran retaliated with strikes targeting Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.
A ceasefire took effect on April 8 through Pakistani mediation and was later extended by Trump indefinitely. Washington and Tehran also held rare direct talks in the Pakistani capital Islamabad on April 11-12, but have failed to reach an agreement.
Trump’s Saturday remarks came after Pakistani army chief Asim Munir’s visit to Tehran. The visit was the second of its kind in recent weeks, as Munir is directly involved in Islamabad’s mediation efforts.
READ: Trump says Iran talks ‘constructive’ but blockade will remain until final deal is reached
Both the US and Iran have recently signaled progress on efforts to reach a deal to end their conflict, though their accounts of its terms differ on some issues across respective media narratives, Anadolu reports.
US President Donald Trump on Saturday said an agreement with Iran to end the war was “largely negotiated” and awaited finalization.
On Sunday morning, Iran’s semi-official Tasnim news agency also published a report on the details of a potential agreement. However, certain aspects of what has been agreed seem to diverge.
Here is a comparison of the US and Iranian versions of the deal by key issues.
Strait of Hormuz
Citing a US official, Axios said the deal that Washington and Tehran are close to signing would extend a ceasefire by 60 days, during which the Strait of Hormuz would be reopened.
During the 60-day period, the Strait of Hormuz would be opened without any tolls, and Iran would remove the mines it has placed there to ensure unrestricted maritime passage.
In return, Washington would lift its blockade on Iranian ports, added the report.
The New York Times also said it was informed by three senior Iranian officials that Tehran had agreed to a memorandum of understanding to halt fighting and reopen the Strait of Hormuz.
US Secretary of State Marco Rubio also said on Sunday that the agreement could, if successful, result in a “completely open” Strait of Hormuz, with no tolls or restrictions on passage.
“They don’t own it. It’s an international waterway,” Rubio told reporters of the strait, in remarks that came during his visit to India.
A report by Iran’s semi-official news agency Tasnim, however, said that the Strait of Hormuz will not fully return to its pre-war status if the agreement is reached.
Instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days, the outlet added.
Tehran also demands an end to the US blockade on its ports, arguing that no changes will be made in the strait if the blockade remains in place.
For its part, the US argues that the quicker Iran removes the mines and allows shipping to resume, the sooner the blockade will be lifted.
READ: Iran ready to reassure world it is not pursuing nuclear weapons, president says
Sanctions relief and release of frozen Iranian assets
Iran was seeking the immediate unfreezing of funds and a permanent lifting of sanctions, but the US position indicates these measures would only be granted after Iran made concrete concessions, according to the Axios report.
As part of the proposed 60-day agreement, the US is offering temporary sanctions waivers that would allow Iran to sell its oil freely. These waivers are explicitly linked to Iran reopening the Strait of Hormuz, removing mines, and ending restrictions on maritime traffic. Once these steps are taken, Washington would also lift its naval blockade on Iranian ports.
Tehran, however, says no agreement will be reached unless at least a portion of the frozen Iranian assets is released immediately. Iranian media confirmed the discussion of temporary oil sanctions waivers in the latest US proposal but insisted on broader and more permanent sanctions relief.
Nuclear file
The Axios report said the draft deal includes commitments from Iran not to pursue nuclear weapons, along with provisions to negotiate a suspension of uranium enrichment and the removal of its stockpile of highly enriched uranium.
The Iranian media reports, however, indicate that Tehran has not yet accepted anything on its nuclear program.
A potential deal would involve a 60-day negotiation window on Iran’s nuclear program, according to Tasnim.
Extent of ceasefire
Both US and Iranian media reports suggest that the cessation of hostilities would mean a halt to fighting on all fronts, including Lebanon.
This was also highlighted by Iranian Foreign Ministry spokesman Esmaeil Baqaei on Saturday, when he said Tehran was prioritizing an end to hostilities across all fronts, including Lebanon.
Context
Regional tensions have escalated since the US and Israel launched strikes against Iran in February. Tehran retaliated with strikes targeting Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.
A ceasefire took effect on April 8 through Pakistani mediation and was later extended by Trump indefinitely. Washington and Tehran also held rare direct talks in the Pakistani capital Islamabad on April 11-12, but have failed to reach an agreement.
Trump’s Saturday remarks came after Pakistani army chief Asim Munir’s visit to Tehran. The visit was the second of its kind in recent weeks, as Munir is directly involved in Islamabad’s mediation efforts.
READ: Trump says Iran talks ‘constructive’ but blockade will remain until final deal is reached
Both the US and Iran have recently signaled progress on efforts to reach a deal to end their conflict, though their accounts of its terms differ on some issues across respective media narratives, Anadolu reports.
US President Donald Trump on Saturday said an agreement with Iran to end the war was “largely negotiated” and awaited finalization.
On Sunday morning, Iran’s semi-official Tasnim news agency also published a report on the details of a potential agreement. However, certain aspects of what has been agreed seem to diverge.
Here is a comparison of the US and Iranian versions of the deal by key issues.
Strait of Hormuz
Citing a US official, Axios said the deal that Washington and Tehran are close to signing would extend a ceasefire by 60 days, during which the Strait of Hormuz would be reopened.
During the 60-day period, the Strait of Hormuz would be opened without any tolls, and Iran would remove the mines it has placed there to ensure unrestricted maritime passage.
In return, Washington would lift its blockade on Iranian ports, added the report.
The New York Times also said it was informed by three senior Iranian officials that Tehran had agreed to a memorandum of understanding to halt fighting and reopen the Strait of Hormuz.
US Secretary of State Marco Rubio also said on Sunday that the agreement could, if successful, result in a “completely open” Strait of Hormuz, with no tolls or restrictions on passage.
“They don’t own it. It’s an international waterway,” Rubio told reporters of the strait, in remarks that came during his visit to India.
A report by Iran’s semi-official news agency Tasnim, however, said that the Strait of Hormuz will not fully return to its pre-war status if the agreement is reached.
Instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days, the outlet added.
Tehran also demands an end to the US blockade on its ports, arguing that no changes will be made in the strait if the blockade remains in place.
For its part, the US argues that the quicker Iran removes the mines and allows shipping to resume, the sooner the blockade will be lifted.
READ: Iran ready to reassure world it is not pursuing nuclear weapons, president says
Sanctions relief and release of frozen Iranian assets
Iran was seeking the immediate unfreezing of funds and a permanent lifting of sanctions, but the US position indicates these measures would only be granted after Iran made concrete concessions, according to the Axios report.
As part of the proposed 60-day agreement, the US is offering temporary sanctions waivers that would allow Iran to sell its oil freely. These waivers are explicitly linked to Iran reopening the Strait of Hormuz, removing mines, and ending restrictions on maritime traffic. Once these steps are taken, Washington would also lift its naval blockade on Iranian ports.
Tehran, however, says no agreement will be reached unless at least a portion of the frozen Iranian assets is released immediately. Iranian media confirmed the discussion of temporary oil sanctions waivers in the latest US proposal but insisted on broader and more permanent sanctions relief.
Nuclear file
The Axios report said the draft deal includes commitments from Iran not to pursue nuclear weapons, along with provisions to negotiate a suspension of uranium enrichment and the removal of its stockpile of highly enriched uranium.
The Iranian media reports, however, indicate that Tehran has not yet accepted anything on its nuclear program.
A potential deal would involve a 60-day negotiation window on Iran’s nuclear program, according to Tasnim.
Extent of ceasefire
Both US and Iranian media reports suggest that the cessation of hostilities would mean a halt to fighting on all fronts, including Lebanon.
This was also highlighted by Iranian Foreign Ministry spokesman Esmaeil Baqaei on Saturday, when he said Tehran was prioritizing an end to hostilities across all fronts, including Lebanon.
Context
Regional tensions have escalated since the US and Israel launched strikes against Iran in February. Tehran retaliated with strikes targeting Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.
A ceasefire took effect on April 8 through Pakistani mediation and was later extended by Trump indefinitely. Washington and Tehran also held rare direct talks in the Pakistani capital Islamabad on April 11-12, but have failed to reach an agreement.
Trump’s Saturday remarks came after Pakistani army chief Asim Munir’s visit to Tehran. The visit was the second of its kind in recent weeks, as Munir is directly involved in Islamabad’s mediation efforts.
READ: Trump says Iran talks ‘constructive’ but blockade will remain until final deal is reached
Both the US and Iran have recently signaled progress on efforts to reach a deal to end their conflict, though their accounts of its terms differ on some issues across respective media narratives, Anadolu reports.
US President Donald Trump on Saturday said an agreement with Iran to end the war was “largely negotiated” and awaited finalization.
On Sunday morning, Iran’s semi-official Tasnim news agency also published a report on the details of a potential agreement. However, certain aspects of what has been agreed seem to diverge.
Here is a comparison of the US and Iranian versions of the deal by key issues.
Strait of Hormuz
Citing a US official, Axios said the deal that Washington and Tehran are close to signing would extend a ceasefire by 60 days, during which the Strait of Hormuz would be reopened.
During the 60-day period, the Strait of Hormuz would be opened without any tolls, and Iran would remove the mines it has placed there to ensure unrestricted maritime passage.
In return, Washington would lift its blockade on Iranian ports, added the report.
The New York Times also said it was informed by three senior Iranian officials that Tehran had agreed to a memorandum of understanding to halt fighting and reopen the Strait of Hormuz.
US Secretary of State Marco Rubio also said on Sunday that the agreement could, if successful, result in a “completely open” Strait of Hormuz, with no tolls or restrictions on passage.
“They don’t own it. It’s an international waterway,” Rubio told reporters of the strait, in remarks that came during his visit to India.
A report by Iran’s semi-official news agency Tasnim, however, said that the Strait of Hormuz will not fully return to its pre-war status if the agreement is reached.
Instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days, the outlet added.
Tehran also demands an end to the US blockade on its ports, arguing that no changes will be made in the strait if the blockade remains in place.
For its part, the US argues that the quicker Iran removes the mines and allows shipping to resume, the sooner the blockade will be lifted.
READ: Iran ready to reassure world it is not pursuing nuclear weapons, president says
Sanctions relief and release of frozen Iranian assets
Iran was seeking the immediate unfreezing of funds and a permanent lifting of sanctions, but the US position indicates these measures would only be granted after Iran made concrete concessions, according to the Axios report.
As part of the proposed 60-day agreement, the US is offering temporary sanctions waivers that would allow Iran to sell its oil freely. These waivers are explicitly linked to Iran reopening the Strait of Hormuz, removing mines, and ending restrictions on maritime traffic. Once these steps are taken, Washington would also lift its naval blockade on Iranian ports.
Tehran, however, says no agreement will be reached unless at least a portion of the frozen Iranian assets is released immediately. Iranian media confirmed the discussion of temporary oil sanctions waivers in the latest US proposal but insisted on broader and more permanent sanctions relief.
Nuclear file
The Axios report said the draft deal includes commitments from Iran not to pursue nuclear weapons, along with provisions to negotiate a suspension of uranium enrichment and the removal of its stockpile of highly enriched uranium.
The Iranian media reports, however, indicate that Tehran has not yet accepted anything on its nuclear program.
A potential deal would involve a 60-day negotiation window on Iran’s nuclear program, according to Tasnim.
Extent of ceasefire
Both US and Iranian media reports suggest that the cessation of hostilities would mean a halt to fighting on all fronts, including Lebanon.
This was also highlighted by Iranian Foreign Ministry spokesman Esmaeil Baqaei on Saturday, when he said Tehran was prioritizing an end to hostilities across all fronts, including Lebanon.
Context
Regional tensions have escalated since the US and Israel launched strikes against Iran in February. Tehran retaliated with strikes targeting Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.
A ceasefire took effect on April 8 through Pakistani mediation and was later extended by Trump indefinitely. Washington and Tehran also held rare direct talks in the Pakistani capital Islamabad on April 11-12, but have failed to reach an agreement.
Trump’s Saturday remarks came after Pakistani army chief Asim Munir’s visit to Tehran. The visit was the second of its kind in recent weeks, as Munir is directly involved in Islamabad’s mediation efforts.
READ: Trump says Iran talks ‘constructive’ but blockade will remain until final deal is reached
Both the US and Iran have recently signaled progress on efforts to reach a deal to end their conflict, though their accounts of its terms differ on some issues across respective media narratives, Anadolu reports.
US President Donald Trump on Saturday said an agreement with Iran to end the war was “largely negotiated” and awaited finalization.
On Sunday morning, Iran’s semi-official Tasnim news agency also published a report on the details of a potential agreement. However, certain aspects of what has been agreed seem to diverge.
Here is a comparison of the US and Iranian versions of the deal by key issues.
Strait of Hormuz
Citing a US official, Axios said the deal that Washington and Tehran are close to signing would extend a ceasefire by 60 days, during which the Strait of Hormuz would be reopened.
During the 60-day period, the Strait of Hormuz would be opened without any tolls, and Iran would remove the mines it has placed there to ensure unrestricted maritime passage.
In return, Washington would lift its blockade on Iranian ports, added the report.
The New York Times also said it was informed by three senior Iranian officials that Tehran had agreed to a memorandum of understanding to halt fighting and reopen the Strait of Hormuz.
US Secretary of State Marco Rubio also said on Sunday that the agreement could, if successful, result in a “completely open” Strait of Hormuz, with no tolls or restrictions on passage.
“They don’t own it. It’s an international waterway,” Rubio told reporters of the strait, in remarks that came during his visit to India.
A report by Iran’s semi-official news agency Tasnim, however, said that the Strait of Hormuz will not fully return to its pre-war status if the agreement is reached.
Instead, the number of ships allowed to pass would be restored to pre-war levels within 30 days, the outlet added.
Tehran also demands an end to the US blockade on its ports, arguing that no changes will be made in the strait if the blockade remains in place.
For its part, the US argues that the quicker Iran removes the mines and allows shipping to resume, the sooner the blockade will be lifted.
READ: Iran ready to reassure world it is not pursuing nuclear weapons, president says
Sanctions relief and release of frozen Iranian assets
Iran was seeking the immediate unfreezing of funds and a permanent lifting of sanctions, but the US position indicates these measures would only be granted after Iran made concrete concessions, according to the Axios report.
As part of the proposed 60-day agreement, the US is offering temporary sanctions waivers that would allow Iran to sell its oil freely. These waivers are explicitly linked to Iran reopening the Strait of Hormuz, removing mines, and ending restrictions on maritime traffic. Once these steps are taken, Washington would also lift its naval blockade on Iranian ports.
Tehran, however, says no agreement will be reached unless at least a portion of the frozen Iranian assets is released immediately. Iranian media confirmed the discussion of temporary oil sanctions waivers in the latest US proposal but insisted on broader and more permanent sanctions relief.
Nuclear file
The Axios report said the draft deal includes commitments from Iran not to pursue nuclear weapons, along with provisions to negotiate a suspension of uranium enrichment and the removal of its stockpile of highly enriched uranium.
The Iranian media reports, however, indicate that Tehran has not yet accepted anything on its nuclear program.
A potential deal would involve a 60-day negotiation window on Iran’s nuclear program, according to Tasnim.
Extent of ceasefire
Both US and Iranian media reports suggest that the cessation of hostilities would mean a halt to fighting on all fronts, including Lebanon.
This was also highlighted by Iranian Foreign Ministry spokesman Esmaeil Baqaei on Saturday, when he said Tehran was prioritizing an end to hostilities across all fronts, including Lebanon.
Context
Regional tensions have escalated since the US and Israel launched strikes against Iran in February. Tehran retaliated with strikes targeting Israel, as well as US allies in the Gulf, along with the closure of the Strait of Hormuz.
A ceasefire took effect on April 8 through Pakistani mediation and was later extended by Trump indefinitely. Washington and Tehran also held rare direct talks in the Pakistani capital Islamabad on April 11-12, but have failed to reach an agreement.
Trump’s Saturday remarks came after Pakistani army chief Asim Munir’s visit to Tehran. The visit was the second of its kind in recent weeks, as Munir is directly involved in Islamabad’s mediation efforts.
READ: Trump says Iran talks ‘constructive’ but blockade will remain until final deal is reached
WASHINGTON — 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.
da-kuk
Wall Street’s major market averages slip on Thursday following the previous session’s rally, as investors turn their focus toward any new developments surrounding a potential Middle East peace agreement.
The blue chip Dow (DJI) was -0.3%, the benchmark S&P 500 (