OpenAI says that after Sam Altman’s exit as CEO, he was not “always frank” with the board


OpenAI’s board of directors said on Friday that Sam Altman will step down as CEO and will be replaced by chief technology officer Mira Moratti.

The board said it conducted a “deliberative review process” and “concluded that he was not consistently candid in his communications with the board, which hindered his ability to exercise his responsibilities.”

“The board no longer has confidence in his ability to continue to lead OpenAI,” the company said.

OpenAI’s board of directors includes chief scientist Ilya Sutskever and independent directors such as Quora CEO Adam D’Angelo, technology entrepreneur Tasha McCauley, and Helen Toner of Georgetown’s Center for Security and Emerging Technology. OpenAI says its 501(c)(3) Board of Directors is the “overarching governing body for all OpenAI activities.”

OpenAI’s board also said that company president Greg Brockman “will step down as chairman of the board and will remain in his role at the company, reporting to the CEO.”

OpenAI, which has raised billions of dollars from Microsoft And ranked first on CNBC Disruptor 50 List This year, it jumped into the mainstream late last year after launching its AI-powered ChatGPT chatbot to the public. The service went viral by allowing users to turn simple text into a creative conversation and prompted major tech companies like Alphabet and Meta to increase their investments in generative AI.

Microsoft shares fell after the announcement, closing the day down 1.7% at $369.84.

OpenAI was launched as a non-profit model in 2015 with support from Tesla CEO Elon Musk, who reportedly committed $1 billion to the project. Before taking over as CEO, Altman was president of startup accelerator Y-Combinator, and gained a reputation in Silicon Valley as an early-stage investor. Earlier in his career, he created the social networking company Loopt.

As OpenAI’s popularity has grown this year alongside ChatGPT, so has Altman’s profile. He has become an ambassador of sorts, representing the swelling AI industry around the world.

In September, Altman, 38, was, too Granted Indonesia granted him a so-called “golden visa,” providing him with travel accommodations and various privileges for 10 years aimed at helping the country attract more foreign investors.

Altman Visit Various Asia-Pacific countries over the summer including Singapore, India, China, South Korea and Japan, met with government leaders and officials and gave public speeches about the rise of AI and the need for regulation.

Altman did not immediately respond to a request for more information.

This is a developing story. . Please check back for updates

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