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OpenAI CEO Sam Altman has been ousted from his company by the board of directors.
“Mr. 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 company said in a statement.
Microsoft (NASDAQ:MSFT) shares dropped on the announcement.
Altman was also kicked off the board of directors.
Chief Technology Officer Mira Murati was appointed interim CEO to lead OpenAI.
In January, Microsoft (MSFT) announced that it had made a “multibillion” dollar investment into OpenAI that reportedly gave the Redmond, Washington-based tech giant a 49% ownership stake.
Earlier this week, Altman said that OpenAI was interested in raising more money, perhaps from Microsoft.
