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Why Sam Altman fired as CEO of OpenAI: Official Statement on ChatGPT leadership transition

In a sudden move, Altman is leaving after the company’s board determined that he ‘was not consistently candid in his communications.’ President and co-founder Greg Brockman has also quit. Read here the official statement on Why Sam Altman was fired as CEO of OpenAI.

Sam Altman has been fired as CEO of OpenAI, the company announced on Friday (November 19, 2023). The founder of OpenAI ChaGPT has been fired from OpenAI, Inc., the 501(c)(3) nonprofit that acts as the governing body for OpenAI, the AI startup behind ChatGPT, DALL-E 3, GPT-4 and other highly capable generative AI systems. He’ll both leave the company’s board of directors and step down as CEO

LATEST UPDATE: Sam Altman joins Microsoft to lead AI research team: Announces Satya Nadella

“Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” the company said in its blog post. “The board no longer has confidence in his ability to continue leading OpenAI.”

Also Read: 100,000 US dollars saved by American Industries with ChatGPT implementation

Chief Technology Officer Mira Murati will be the interim CEO, effective immediately. The company will be conducting a search for a permanent CEO successor. 

“I loved my time at OpenAI,” Altman said in a post on X (formerly Twitter). “It was transformative for me personally, and hopefully the world a little bit. Most of all I loved working with such talented people. Will have more to say about what’s next later.” According to Semafor, Altman has been in the process of raising a venture capital fund to focus on “hard tech,” though it’s unclear if that’s the reason for his departure.

Sam Altman, one of the most prominent figures in the world of artificial intelligence, is being forced out of OpenAI — the company behind the wildly popular ChatGPT chatbot he helped to create — after the board said it had lost confidence in him as a leader.

Also Read: List of Top Generative AI Companies of the World 2023

Mira Murati, an Albanian-born Dartmouth-educated engineer who helped develop some of OpenAI’s best-known products as its chief technology officer, will serve as OpenAI’s interim chief executive officer.

Read Here: OpenAI announces leadership transition: Why Sam Altman fired as CEO of OpenAI – An Official Statement

Chief technology officer Mira Murati appointed interim CEO to lead OpenAI; Sam Altman departs the company.

Search process underway to identify permanent successor.

The board of directors of OpenAI, Inc., the 501(c)(3) that acts as the overall governing body for all OpenAI activities, today announced that Sam Altman will depart as CEO and leave the board of directors. Mira Murati, the company’s chief technology officer, will serve as interim CEO, effective immediately.

A member of OpenAI’s leadership team for five years, Mira has played a critical role in OpenAI’s evolution into a global AI leader. She brings a unique skill set, understanding of the company’s values, operations, and business, and already leads the company’s research, product, and safety functions. Given her long tenure and close engagement with all aspects of the company, including her experience in AI governance and policy, the board believes she is uniquely qualified for the role and anticipates a seamless transition while it conducts a formal search for a permanent CEO.

Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI.

In a statement, the board of directors said: “OpenAI was deliberately structured to advance our mission: to ensure that artificial general intelligence benefits all humanity. The board remains fully committed to serving this mission. We are grateful for Sam’s many contributions to the founding and growth of OpenAI. At the same time, we believe new leadership is necessary as we move forward. As the leader of the company’s research, product, and safety functions, Mira is exceptionally qualified to step into the role of interim CEO. We have the utmost confidence in her ability to lead OpenAI during this transition period.”

OpenAI’s board of directors consists of OpenAI chief scientist Ilya Sutskever, independent directors Quora CEO Adam D’Angelo, technology entrepreneur Tasha McCauley, and Georgetown Center for Security and Emerging Technology’s Helen Toner.

As a part of this transition, Greg Brockman will be stepping down as chairman of the board and will remain in his role at the company, reporting to the CEO.

OpenAI was founded as a non-profit in 2015 with the core mission of ensuring that artificial general intelligence benefits all of humanity. In 2019, OpenAI restructured to ensure that the company could raise capital in pursuit of this mission, while preserving the nonprofit’s mission, governance, and oversight. The majority of the board is independent, and the independent directors do not hold equity in OpenAI. While the company has experienced dramatic growth, it remains the fundamental governance responsibility of the board to advance OpenAI’s mission and preserve the principles of its Charter.

Also Read: OpenAI Initiates GPT-5 Development, Aiming for Superintelligence

This post was last modified on November 20, 2023 10:15 am

Françoise

Francoise Hardy, A digital content creator and tech integration specialist with over 10 years of experience, is known for his deep knowledge in AI, ML, Data Science, Robotics, and Neural Networks. He began his career with a passion for emerging technologies, leading to innovative solutions and digital transformation in various businesses. Francoise's expertise extends to the ethical aspects of technology, advocating for responsible usage. Recognized by his peers, he is a sought-after speaker and writer in the tech industry. His commitment to advancing technology for societal benefit defines his career.

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