Sam Altman Ousted From CEO Roles at Open AI - Board Lost Confidence

Sam Altman, CEO of OpenAI, was ousted by the company's board, citing a lack of confidence in his leadership and failure to be consistently candid with the board. OpenAI, known for ChatGPT and heavily invested in by Microsoft, made this decision after Altman's recent participation at a summit alongside AI leaders from Meta and Google, where he highlighted AI's transformative potential. Altman, who became CEO in 2020 after leading Y Combinator and briefly Reddit, expressed gratitude for his time at OpenAI on social media. Following the announcement, Microsoft's stock experienced a temporary dip. Mira Murati, OpenAI's CTO, steps in as interim CEO, overseeing research, product, and safety functions, ensuring a smooth transition while a permanent CEO is sought. Greg Brockman, a founding member, will step down as board chairman but stay in the company. The board, overseeing the nonprofit OpenAI Inc., includes tech and academic figures. The timeframe and specific reasons for Altman's departure remain unclear.