“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,” the blog post read.
The surprise announcement caused shares in Microsoft to drop roughly 1.7% right as the market closed. Microsoft is a major investor in OpenAI, having put $13 billion into the startup and incorporated its GPT technology across its product line.
“We have a long term partnership with OpenAI and Microsoft remains committed to Mira and their team as we bring this next era of AI to our customers,” Microsoft said in a statement on Friday.
This a developing story, please check back later for updates.
Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up for free.