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OpenAI Won’t Offer a Board Seat To Microsoft Or Other Investors.

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OpenAI Won't Offer a Board Seat To Microsoft Or Other Investors.

(CTN News) – According to a source familiar with the matter, OpenAI, the owner of ChatGPT, is not expected to grant seats on its new board to Microsoft and other investors such as Khosla Ventures and Thrive Capital.

The recent removal of OpenAI’s CEO and founder, Sam Altman, without any clear explanation caused concern among investors and employees.

However, Altman was later reinstated with the promise of a new board. The uncertainty surrounding Altman’s departure has raised questions about the future of the startup, which is at the forefront of the artificial intelligence industry.

Thomas Hayes, the chairman of hedge fund Great Hill Capital, stated that he is unsure whether will choose to exclude Microsoft from the board.

According to the source, OpenAI is set to have a nine-person board, with the three initial directors being Bret Taylor, Larry Summers, and Adam D’Angelo.

The report suggests that D’Angelo will be the only remaining director from the previous six-person board that fired Altman.

Microsoft, one of the largest investors with over $10 billion invested, is expected to have a say in the matter and is unlikely to remain passive.

OpenAI is known for its viral generative AI chatbot, ChatGPT.

The ChatGPT maker’s CEO, Satya Nadella, had previously stated to CNBC that changes in governance were necessary, regardless of Altman’s destination.

A Microsoft representative stated that they would await an official statement from the board in response to an inquiry regarding the OpenAI board.

Requests for comment from OpenAI and Thrive were not immediately answered, while Khosla declined to provide a comment.

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