The OpenAI board of directors is facing criticism from investors regarding their recent decision to remove CEO Sam Altman from his position.
According to a Bloomberg report on November 19, several investors, including Microsoft, the largest shareholder of OpenAI, are seeking to reinstate Altman as CEO.
On November 17, OpenAI made the announcement that Altman would no longer serve as CEO, with Mira Murati, the company’s chief technology officer, stepping into the role.
The board justified this decision in a blog post, citing concerns about Altman’s communication style, which they believed lacked clarity and honesty, hindering a comprehensive understanding of the company’s operations.
Thrive Capital, a key player expected to lead a tender offer for employee shares, has reportedly not yet provided the funds, and Altman’s removal could have an impact on its plans.
Thrive is pushing for the board to reconsider its decision and reinstate both Altman and Greg Brockman, the company’s president, who also departed shortly after Altman’s removal.
Brockman publicly announced his departure on X (formerly Twitter), stating, “Based on today’s news, I quit.”
This news led to the departure of three senior researchers from OpenAI: Jakub Pachocki, director of research; Aleksander Madry, head of preparedness; and Szymon Sidor, senior researcher.
READ MORE:Sushi Partners with ZetaChain for Native Bitcoin Swaps Across 30 Blockchains
Meanwhile, reports suggest that Altman is willing to return to the company, but under the condition that the current board resigns by the end of the weekend.
Microsoft CEO Satya Nadella has reportedly expressed his support for Altman’s decision, as the board’s move also came as a surprise to him.
Since Altman’s dismissal on Friday, recent reports have indicated that he is working on a new AI venture, according to sources familiar with the matter.
Additionally, it has been reported that Brockman will be joining Altman in this new venture.
The situation at OpenAI remains fluid, with investors, board members, and former executives engaged in discussions about the company’s leadership and future direction.
The outcome of these discussions will likely have a significant impact on the trajectory of OpenAI and its role in the AI industry.
Discover the Crypto Intelligence Blockchain Council
