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OpenAI Isn’t Expected to Offer Microsoft, Other Investors a Board Seat

Nov 28, 2023 - theinformation.com
OpenAI's restructured board of directors is not expected to include representatives from outside investors, including Microsoft, Khosla Ventures, Thrive Capital, and Sequoia Capital. This decision indicates that the board will focus more on safety practices rather than investor returns.

The new board has not been officially formed and there could be changes. This comes after the unexpected removal of CEO Sam Altman on November 17, which surprised these investors. Altman returned to his position six days later after a series of dramatic events involving Microsoft and other allies, but he did not reclaim his previous board seat as part of a compromise deal.

Key takeaways:

  • OpenAI's new board of directors does not plan to include representatives from outside investors, prioritizing safety practices over investor returns.
  • The new board has not been officially seated and the situation could change.
  • Microsoft and other shareholders, including Khosla Ventures, Thrive Capital, and Sequoia Capital, are not expected to be offered a seat on OpenAI's new nine-person board.
  • Despite returning to his CEO position after a series of dramatic events, Sam Altman did not take his old board seat back as part of a compromise deal.
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