OpenAI is not expected to offer Microsoft and other investors seats on its new board. The ousted CEO Sam Altman was reinstated with the promise of a new board. The three initial directors of the new board are expected to be confirmed soon. Microsoft, one of the biggest backers of OpenAI, has invested over $10 billion and its CEO Satya Nadella emphasized the need for governance change. OpenAI, Microsoft, Thrive, and Khosla declined to comment. The Information first reported the news and said OpenAI will have a nine-person board.
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OpenAI unlikely to offer board seat to Microsoft, other investors: Source
OpenAI is not expected to offer Microsoft and other investors seats on its new board. The ousted CEO Sam Altman was reinstated with the promise of a new board. The three initial directors of the new board are expected to be confirmed soon. Microsoft, one of the biggest backers of OpenAI, has invested over $10 billion and its CEO Satya Nadella emphasized the need for governance change. OpenAI, Microsoft, Thrive, and Khosla declined to comment. The Information first reported the news and said OpenAI will have a nine-person board.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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