OpenAI Board Stands Firm on Dismissal of CEO Sam Altman Amidst No New Developments

OpenAI has announced that their board of directors has backed the decision to remove former CEO Sama Altmana in an internal memo sent to company staff. The company has appointed Emmett Shear, a former executive at Twitch, as its new interim CEO. In the memo, the board expressed their confidence in Shear’s ability to lead OpenAI and stated that they stand by their decision to oust Altman. The memo did not specify the exact reasons for Altman’s dismissal, but stated that his behavior and lack of transparency had undermined management’s ability to effectively oversee the company.

OpenAI’s investors, including Microsoft, were reportedly 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. The board emphasized the importance of honesty and transparency between executives and the board of directors.

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