OpenAI Board Ousts Sam Altman as CEO

18 Jun 2024

In a sudden turn of events, OpenAI's board of directors has removed Sam Altman, the company's co-founder and CEO, from his position. The decision comes after a review process that concluded Altman had not been consistently transparent in his communications with the board, hindering their ability to effectively fulfill their responsibilities.

"The board no longer has confidence in his ability to continue leading OpenAI," the company stated in a blog post announcing Altman's departure.

Altman, who also co-founded the prominent startup accelerator Y Combinator, expressed appreciation for his time at OpenAI and indicated that he would elaborate on his future plans at a later date.

Greg Brockman, another co-founder of OpenAI, will step down as chairman of the board but remain as company president, reporting directly to the interim CEO, Mira Murati. Murati, who previously served as OpenAI's CTO, has been appointed to lead the company in the interim while a search for a permanent CEO is conducted.

OpenAI's board remains committed to the company's mission of ensuring that artificial general intelligence benefits all of humanity. They expressed their gratitude for Altman's contributions to OpenAI's growth and acknowledged the need for new leadership to navigate the company's future trajectory.

Microsoft, a significant investor in OpenAI, has reaffirmed its commitment to the company and its partnership with the new leadership under Murati.

Play audio


Share:

Comments

No comments

Add your comment

Search Blog

Recent Posts

The Top Voices Announce the Winners of the Tech Impact Awards 2025 The Tech Impact Awards 2025, created by commu...
FG to Train 100,000 Youths a Year in Forex Trading and Financial Skills The Federal Government of Nigeria has signed a Mem...
WhatsApp Makes It Easier to Find Businesses and Channels with New Updates WhatsApp is introducing a suite of new features ai...
Lagos Engages Stakeholders in Shaping the Proposed Innovation Bill 2025 In a decisive move to reinforce its position as Ni...
Apply Now: 2025 AWS Startups Generative AI Accelerator AWS Startups is now accepting applications for its...

Related Post

FG to Train 100,000 Youths a Year in Forex Trading and Financial Skills
The Federal Government of Nigeria has signed a Memorandum of Understanding (MoU)...
WhatsApp Makes It Easier to Find Businesses and Channels with New Updates
WhatsApp is introducing a suite of new features aimed at enhancing how users dis...
Lagos Engages Stakeholders in Shaping the Proposed Innovation Bill 2025
In a decisive move to reinforce its position as Nigeria’s leading innovation hub...
Logo

Accelerating the growth of Africa's tech ecosystem