The board of directors at OpenAI has announced the removal of former CEO Sam Altman, as reported by The New York Times. In an internal memo sent to company staff, the board expressed their confidence in Shiro’s ability to lead OpenAI as its interim CEO. The memo did not specify the exact reasons for Altman’s removal, but said his behavior and lack of transparency undermined management’s ability to effectively oversee the company.

OpenAI investors, including Microsoft, were reportedly surprised by Altman’s departure. Microsoft, a major investor in OpenAI, was notified of Altman’s termination just a minute before it was made public. The board emphasized the importance of honesty and transparency between the executive and board of directors.

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