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Microsoft Joins OpenAI Board, Without Voting Rights

VietNamNetVietNamNet30/11/2023


The move puts to rest some questions surrounding Microsoft's interest in the startup after a tumultuous month that saw CEO Sam Altman suddenly fired and quickly reappointed.

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OpenAI just went through a "lightning" crisis when CEO Sam Altman was fired and reappointed in just 5 days.

OpenAI's prospects have been closely tied to Microsoft's since the software giant invested $13 billion in OpenAI and integrated AI models into its Office suite and other software products.

Previously, Microsoft had no formal representation on the board of directors that controlled the startup that owned ChatGPT, which left them surprised when Sam Altman was fired.

“We clearly made the right choice in partnering with Microsoft, and I am delighted that our new board will include them as a non-voting observer,” said Sam Altman. “Now that we have come through all of this, the company has not lost a single employee. We are standing strong to continue our mission.”

The CEO also revealed that the board of directors, which includes former Salesforce CEO Bret Taylor, former Treasury Secretary Larry Summers and Quora CEO Adam D'Angelo, will build a new board of directors for the startup.

Key staff members have been reinstated to their previous positions. Mira Murati continues to serve as chief technology officer, with Greg Brockman returning as president of OpenAI.

Taylor, who will lead the new board, said in a statement posted on OpenAI's website that he is focused on "strengthening the company's corporate governance" and will leave once the board is fully staffed and the company is stable.

(According to CNBC)

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