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Reports: OpenAI Won’t Give Microsoft a Board Seat

Nov 29, 2023 - pymnts.com
OpenAI, the artificial intelligence company, has reportedly not invited some of its major investors, including Microsoft, to its new board. The board, reformed after the recent firing and rehiring of CEO Sam Altman, does not plan to include Microsoft or investors like Khosla Ventures and Thrive Capital. The board is expected to have nine members and is unlikely to include shareholder representatives as it could conflict with the mission of the nonprofit overseeing OpenAI.

The company's old board was removed earlier this month following a leadership shakeup. Altman was ousted on Nov. 17 after a review found he had not been "consistently candid in his communications" with the board. However, he was reinstated after most of the startup's employees threatened to resign if he was not brought back.

Key takeaways:

  • OpenAI's new board reportedly does not plan to give seats to major investors such as Microsoft, Khosla Ventures, and Thrive Capital.
  • Microsoft, which has invested over $10 billion in OpenAI, may not be invited to the board due to potential conflicts with the mission of the nonprofit overseeing OpenAI.
  • The new board is expected to have nine members, with Chair Bret Taylor, former Treasury Secretary Larry Summers, and Quora CEO Adam D’Angelo already announced.
  • OpenAI's former CEO Sam Altman was briefly ousted but returned after most of the startup’s employees said they would resign if he was not reinstated.
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