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Sam Altman was raising a VC fund when OpenAI fired him | Semafor

Nov 18, 2023 - semafor.com
Sam Altman, former CEO of OpenAI, was ousted from the company following a review process that concluded he was not consistently candid in his communications with the board. Altman, who was in the process of raising funds for a new venture capital fund, has been a subject of intrigue in Silicon Valley due to his network of investments. It is unclear if these investments played a role in his departure from OpenAI.

Mira Murati, OpenAI's chief technology officer, will serve as interim CEO while the company begins a formal search for a permanent CEO. Greg Brockman, a co-founder of OpenAI, has also decided to leave the company following Altman's departure. The remaining board members include OpenAI chief scientist Ilya Sutskever, Quora CEO Adam D’Angelo, tech entrepreneur Tasha McCauley, and Helen Toner, director of strategy at Georgetown University’s Center for Security and Emerging Technology.

Key takeaways:

  • Sam Altman has stepped down as CEO of OpenAI after the board lost confidence in his leadership abilities, citing a lack of candor in his communications.
  • Mira Murati, the company’s chief technology officer, will serve as interim CEO while a formal search for a permanent CEO is planned.
  • Greg Brockman, one of the co-founders of OpenAI, has decided to quit the company entirely after initially stepping down from his position as chairman of the board.
  • Despite being a founder, Altman did not have equity in OpenAI and could be fired at any time.
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