Posts

Showing posts with the label testify

Musk asks court to reject SEC's bid to make him testify

 Elon Musk asked a federal judge on Thursday not to force him to testify in the US Securities and Exchange Commission's probe into his $44 billion takeover of social media site Twitter. Musk filed the objections in San Francisco federal court , where the SEC sued him on Oct. 5 to make him testify for the probe, which it launched in April 2022. The SEC's subpoena exceeds the agency's investigative authority, is overly burdensome and seeks "irrelevant evidence", Musk's lawyers said in the filing. The SEC has said it was investigating Musk's 2022 purchases of Twitter stock and his statements and SEC filings relating to Twitter -- which Musk subsequently renamed X -- and that Musk had refused to attend a September interview for the probe. Alex Spiro, an attorney for Musk, has called the investigation "misguided." On Thursday, Spiro and Musk's other lawyers said in the filing: "The SEC’s pursuit of Mr. Musk has...

OpenAI CEO to testify in US Senate amid AI questions

WASHINGTON: OpenAI CEO Sam Altman will make his first appearance before a Senate panel next week as the US Congress grapples with how best to regulate artificial intelligence as the Technology becomes more powerful and widespread. Altman will testify before the Senate Judiciary Subcommittee on Privacy, Technology & the Law on Tuesday on what laws might be needed to safeguard Americans as government and companies begin to use AI in everything from medicine to finance to surveilling workers. It will be Altman's first testimony before Congress, the panel said in announcing the hearing. Altman will also attend a dinner on Monday night for members of the House of Representatives, according to Representative Ted Lieu's office which is co-hosting the event. Altman was part of a White House meeting on AI last week that discussed how to ensure regulatory safeguards. In response to a question about whether companies agree on regulations, Altman told reporters: "We...