Search
Search
OpenAI Board Dismisses Sam Altman Over Confidence Issues

ChatGPT Creator OpenAI Sacks Sam Altman, Board “Lost Confidence” In Him

37 Listen to this article Sam Altman, co-founder of OpenAI, has been dismissed from his role as CEO by the […]

Latest News

Listen to this article

Sam Altman, co-founder of OpenAI, has been dismissed from his role as CEO by the company’s board. This decision, announced on November 17, 2023, followed a review by the board which determined that Altman was not consistently candid in his communications with other board members, a factor that hindered the board’s ability to perform its duties effectively​​. The board expressed a lack of confidence in Altman’s ability to continue leading OpenAI, leading to his departure from the company and its board of directors​​.

This leadership change also involves Greg Brockman, another co-founder of OpenAI, who will step down as chairman of the board but remain as president of the company. Mira Murati, who previously served as OpenAI’s Chief Technology Officer, has been appointed as the interim CEO. The company has begun the process of searching for a permanent CEO​​.

The board reaffirmed its commitment to OpenAI’s mission of advancing artificial general intelligence to benefit humanity, acknowledging Altman’s contributions to the company’s founding and growth. However, it emphasized the need for new leadership to guide the company forward. Murati, with her experience leading the company’s research, product, and safety functions, is seen as exceptionally qualified for the role of interim CEO​​.

Altman co-founded OpenAI alongside notable figures such as Peter Thiel and Reid Hoffman. He played a significant role in steering the company since its inception, including efforts to influence regulatory responses to AI and meeting with world leaders to discuss AI policies​​​​. The circumstances of Altman’s alleged missteps leading to his ouster remain unclear, though they appear to relate to OpenAI’s unique board structure and governance, as well as ongoing discussions to raise new capital​​.

Read Also:  Floki Coin Skyrockets Amid Community Expectations for Big News

OpenAI, initially founded as a nonprofit in 2015, was restructured in 2019 into a “capped-profit” company, acknowledging the substantial costs associated with training advanced AI systems. Microsoft, a major investor in OpenAI, was reportedly notified of Altman’s departure shortly before the public announcement​​​​. Despite this leadership shake-up, Microsoft has expressed its continued commitment to its partnership with OpenAI and its support for Murati and her team​​.

You Might Also Like

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

0
Would love your thoughts, please comment.x
()
x
Scroll to Top
Tether’s TON Blockchain Entry Reaches $60M: CEO Content SHIB News: 700M Tokens Burned, Shiba Inu Targets $0.00004 Polkadot Relay Chain Upgrade Plan and 10M DOT Prize Initiative TON Network Surpasses $140M TVL as Toncoin Price Skyrockets Bitcoin Falls Below $60,000 After Israel’s Strike on Iran Ragnarok Joins Web3 via Ronin and Gravity Collaboration Worldcoin Announces “Human Centric” Blockchain: World Chain Dubai Flood Spurs Blockchain Life 2024 Airdrop ZachXBT Reveals Frauds on Ethereum Layer-2 Networks Winklevoss Twins Invest $4.5M BTC in Bitcoin Soccer Club VeChain and UFC Unveil Tokenized Gloves Collaboration Web3 Credentials Platform Galxe Goes Live with Mainnet Launch El Salvador’s Newest Hilton Leverages Tokenized Bitcoin Debt Shiba Inu Burn Spike Raises Price Over 1300% Impact Concerns GBTC ETF Hindering Bitcoin’s Path to $100,000 Bitcoin News Ethereum Futures ETF with 2x Leverage Filed by Defiance Pump.Fun Boosts Memecoin Market: $5.2M in 38 Days Charles Hoskinson Highlights Cardano’s Progress Despite Criticism Solana DEX Booms, InQubeta Presale Tops $13M Cryptocurrencies to Watch: 16 Promising Options for 2024