ChatGPT Parent Company OpenAI
ChatGPT Parent Company OpenAI Sacks CEO Sam Altman
OpenAI was founded as a non-profit in 2015 with the core mission of ensuring that artificial general intelligence benefits all of humanity.
The board of directors of OpenAI, which acts as the overall governing body for all OpenAI activities, has announced that Sam Altman will depart as CEO and leave the board of directors.
In a statement issued Friday (November 17), the company said Mira Murati, the company’s chief technology officer, will serve as interim CEO, effective immediately.
A member of OpenAI’s leadership team for five years, Mira – according to OpenAI – has played a critical role in OpenAI’s evolution into a global AI leader. Meanwhile, a search process is underway to identify a permanent successor.
“Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities. The board no longer has confidence in his ability to continue leading OpenAI,” the OpenAI statement added.
In a statement, the board of directors said: “OpenAI was deliberately structured to advance our mission: to ensure that artificial general intelligence benefits all humanity. The board remains fully committed to serving this mission. We are grateful for Sam’s many contributions to the founding and growth of OpenAI. At the same time, we believe new leadership is necessary as we move forward. As the leader of the company’s research, product, and safety functions, Mira is exceptionally qualified to step into the role of interim CEO. We have the utmost confidence in her ability to lead OpenAI during this transition period.”
OpenAI’s board of directors consists of OpenAI chief scientist Ilya Sutskever, independent directors Quora CEO Adam D’Angelo, technology entrepreneur Tasha McCauley, and Georgetown Center for Security and Emerging Technology’s Helen Toner.
As a part of this transition, Greg Brockman will be stepping down as chairman of the board and will remain in his role at the company, reporting to the CEO.
In November 2022, OpenAI had launched ChatGPT (or Generative Pre-trained Transformer). It is an artificial intelligence or AI-based online tool called chatbot which generates human-like text responses to prompts or user queries.
OpenAI was founded as a non-profit in 2015 with the core mission of ensuring that artificial general intelligence benefits all of humanity. In 2019, OpenAI restructured to ensure that the company could raise capital in pursuit of this mission, while preserving the nonprofit’s mission, governance, and oversight.
The majority of the board is independent, and the independent directors do not hold equity in OpenAI. While the company has experienced dramatic growth, it remains the fundamental governance responsibility of the board to advance OpenAI’s mission and preserve the principles of its Charter, the company said in its statement.