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WilmerHale, a prominent U.S. law firm, is close to wrapping up a detailed review of OpenAI’s chief executive, Sam Altman, and his ouster from the artificial intelligence start-up late last year, two people with knowledge of the proceedings said.

The investigation, when complete, could give insight into what went on behind the scenes with Mr. Altman and OpenAI’s former board of directors, which fired him on Nov. 17 before reinstating him five days later. OpenAI, which is valued at more than $80 billion, has led a frenzy over A.I. and could help determine the direction of the transformative technology.

Mr. Altman, 38, has told people in recent weeks that the investigation was nearing a close, the two people with knowledge of the matter said. The results could be delivered to OpenAI’s board as soon as early next month, said the people, who spoke on the condition of anonymity because of nondisclosure agreements.

OpenAI declined to comment. WilmerHale did not respond to a request for comment.

Investigators spent the past three months interviewing OpenAI employees and executives after its former board said it no longer had confidence in Mr. Altman’s ability to run the company, the people said. The board said Mr. Altman had not been “consistently candid in his communications,” though it did not provide specifics.

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