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Sam Altman will return to OpenAI's board with three new directors

Sam Altman, CEO of OpenAI, attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023

March 8 (mod1s) - OpenAI Chief Executive Sam Altman will rejoin to the ChatGPT-maker's board along with three new members, the world's most renowned artificial intelligence startup stated on Friday.
 
An investigation by law firm WilmerHale into the circumstances preceding Altman's November termination has finished, and the corporation has implemented new governance guidelines and reinforced its conflict of interest policy. The board claimed it overwhelmingly approved Altman's leadership.

Employees, investors and OpenAI's major financial supporter, Microsoft (MSFT.O), opens new tab, had expressed astonishment at Altman's removal, which was overturned within days.
 
OpenAI announced on Friday it was naming new directors including Altman, Sue Desmond-Hellmann, a former CEO of the Bill and Melinda Gates Foundation, Nicole Seligman, a former president of Sony Entertainment, and Fidji Simo, CEO of Instacart.
 
Altman greeted the new board members in a post on X, saying, "We have important work in front of us."

They will join existing board members Adam D'Angelo, the CEO of Quora, former U.S. Treasury Secretary Larry Summers and Chairman Bret Taylor, former co-CEO of Salesforce.
 
The inquiry by WilmerHale determined that Altman's removal was not the result of concerns connected to OpenAI's finances, product safety or other problems.
 
"Instead it was a consequence of a breakdown in the relationship and loss of trust between the prior Board and Mr. Altman," OpenAI wrote, outlining the legal firm's conclusions.

"WilmerHale found that the prior Board believed at the time that its actions would mitigate internal management challenges and did not anticipate that its actions would destabilize the Company," OpenAI wrote in a blog post.
 
"WilmerHale found that the prior Board acted within its broad discretion to terminate Mr. Altman, but also found that his conduct did not mandate removal," it noted.
 
CONFLICT OF INTEREST OpenAI stated it was implementing new corporate governance principles and launching a whistleblower hotline. The firm, whose CEO has been a prolific investor in other startups, also said it was improving its conflict-of-interest policy.

The board supplied little specifics concerning the changes.
 
The board's lack of information for its surprising November vote sparked conjecture about alleged misbehavior by Altman, which he and the business have denied, and about purported existential concerns from the technology that OpenAI is constructing.
 
Altman's restoration as CEO around four days after his termination occurred after virtually all of OpenAI's workers threatened to exit unless the board reinstated Altman and resigned.
 
His return led to disputes over how OpenAI would be controlled, and the business announced a reformed board that did not include Altman and was chaired by Taylor.

Source: https://www.reuters.com/

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