Technology

OpenAI Board Crisis 2023: Altman's Ouster and Return

OpenAI's board fired Sam Altman on 17 November 2023, saying he had not been consistently candid with directors. Staff threatened to quit, Microsoft offered him…

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RESTRUCTURE

OpenAI becomes a public benefit corporation

Two years later OpenAI Group PBC was placed under the nonprofit OpenAI Foundation, which appoints its board. Microsoft holds about 27%, press reports say.

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REVIEW

Independent review: loss of trust

WilmerHale reviewed over 30,000 documents. It found the board acted within its discretion, but Altman's conduct did not mandate removal, and safety and finances were not…

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RETURN

Altman officially resumes as CEO

Bret Taylor chaired a board with Larry Summers and Adam D'Angelo. Microsoft got a non-voting observer role, Murati returned as CTO and Brockman as president.

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DEAL

Deal announced to bring Altman back

OpenAI announced an agreement in principle late on 21 November US time (22 November elsewhere) for Altman to return under a new board and an independent investigation.

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MICROSOFT

Microsoft offers Altman a new team

Satya Nadella said Altman and Greg Brockman would lead a new advanced AI research team at Microsoft, while staying committed to the OpenAI partnership.

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STAFF LETTER

Employees demand the board resign

More than 700 of about 770 employees backed a letter calling for the board to go and Altman to return. Ilya Sutskever signed and said he regretted his role.

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SECOND CEO

Emmett Shear named interim CEO

Mira Murati was interim CEO for two days. Then the board named Emmett Shear, the former Twitch chief, instead of reinstating Altman.

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OUSTER

Board removes Sam Altman

The board said he had not been consistently candid in his communications with directors. Greg Brockman left the board and then the company.

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FOUNDING

OpenAI founded as a nonprofit

OpenAI began as a nonprofit with a mission to benefit humanity, and kept nonprofit control even after adding a capped-profit arm in 2019.

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