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Sam Altman welcomes new board members as OpenAI's Board shows 'full confidence' in the CEO | Mint

Mar 09, 2024 - livemint.com
OpenAI, the company behind ChatGPT, has reinstated CEO Sam Altman to its board after an investigation into his November firing. The company expressed confidence in Altman's leadership and added three women directors - Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo - to strengthen governance. Altman apologized for mishandling disputes with former board members and expressed gratitude for the resilience of the team during challenging times.

The investigation, conducted by law firm WilmerHale, concluded that Altman's initial removal was due to a breakdown in trust and relationship with the previous board, but his conduct did not warrant removal. OpenAI plans to implement governance improvements, including new corporate guidelines, stronger conflict of interest policies, a whistleblower hotline, and additional board committees. Despite internal conflicts, the company remains committed to developing artificial general intelligence (AGI) that benefits humanity.

Key takeaways:

  • OpenAI has reinstated CEO Sam Altman to its board after an investigation into his brief termination in November, demonstrating confidence in his leadership.
  • The company has added three women directors - Sue Desmond-Hellmann, Nicole Seligman, Fidji Simo - to strengthen governance after internal turmoil.
  • An independent investigation concluded that Altman's initial ouster was due to a breakdown in relationship and loss of trust with the previous board, but his conduct did not warrant his removal.
  • OpenAI is committed to implementing governance improvements and remains focused on its mission of safely developing artificial general intelligence (AGI) that benefits humanity.
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