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Watchdog slams OpenAI with IRS complaint — warning CEO Sam Altman is poised for windfall in violation of US tax law

Watchdog
New York Post Fews App News Provider
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A tech watchdog has lodged a formal complaint against OpenAI with the Internal Revenue Service — warning that CEO Sam Altman looks poised to reap a stake worth billions in violation of US tax laws, The Post has learned. The artificial intelligence juggernaut’s board is riddled with conflicts of interest that enable Altman and key OpenAI board members to amass personal financial gains – a breach of federal rules that govern tax-exempt nonprofits, according to a complaint filed on Thursday by the Midas Project. In particular, the group claims that Altman’s simultaneous status as both CEO of OpenAI’s for-profit operations and seat on its nonprofit board “creates an inherent conflict where Altman sits on both sides of negotiations that would personally benefit him at the nonprofit’s expense.

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