OpenAI Faces Investor Backlash Over CEO Termination

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The board of directors at OpenAI, the developer of ChatGPT, is facing criticism from investors over the decision to remove CEO Sam Altman. Investors are reportedly in contact with Microsoft, OpenAI’s largest shareholder, in an attempt to reinstate Altman. OpenAI announced Altman’s removal on November 17, with Mira Murati, the chief technology officer, taking over as CEO. The board cited Altman’s lack of clear and honest communication as the reason for his termination. Thrive Capital, expected to lead a tender offer for employee shares, has not yet provided the funds, and Altman’s departure is expected to impact their plans. Thrive is urging the board to bring back both Altman and Greg Brockman, the president who left shortly after Altman’s removal. Three senior researchers at OpenAI have also departed following the news. Altman is reportedly willing to return to the company if the current board steps down by the end of the weekend. Microsoft CEO Satya Nadella has expressed support for Altman’s decisions, as the board’s decision was also a surprise to him. Recent reports suggest that Altman is working on a new AI venture, with rumors of Brockman joining him.

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