In a surprising move, OpenAI’s board of directors has backed the removal of former CEO Sama Altman from the company, as reported by the NYtimes. The board expressed their confidence in Emmett Shear, a former executive at Twitch, who will serve as the new interim CEO.
The decision to remove Altman was made after a series of concerns were raised about his behavior and lack of transparency, which undermined management’s ability to effectively oversee the company. The board emphasized the importance of honesty and transparency between executives and the board of directors in their decision-making process.
OpenAI’s investors, including Microsoft, were taken by surprise by Altman’s departure. Microsoft, a major investor in OpenAI, was only informed of Altman’s termination a minute before it was publicly announced. This incident highlights the importance of clear communication between executives and investors to avoid any misunderstandings or miscommunications.
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