Sources say OpenAI investors are considering suing the company's board of directors

According to news from this website on November 21, Reuters quoted people familiar with the matter as saying that some investors in OpenAI are considering taking legal action against the company’s board of directors and are currently discussing with legal advisors.

OpenAI’s board of directors recently announced the firing of Sam Altman, a decision that triggered a massive wave of employee turnover

Investors are worried that the hundreds of millions of dollars they invested in OpenAI could suffer "catastrophic losses" as the popular business appears to be at risk of collapse.

On Friday, OpenAI fired Altman, citing a "breakdown in communication." Immediately afterwards, Microsoft CEO announced that Altman would join Microsoft. As of Monday, most of OpenAI's more than 700 employees were threatening to resign unless the company changes its board of directors Minor Myers, a law professor at the University of Connecticut, said employees have more influence than capitalists

For venture capital investors who typically have board seats or voting rights in their portfolios, OpenAI is controlled by its non-profit parent company, OpenAI Nonprofit, which was founded to "benefit humanity. rather than OpenAI investors".

According to this site’s query, Microsoft currently holds 49% of the company’s shares, while other investors and employees control 49%, while OpenAI’s non-profit parent company only holds 2% of the shares

Related reading:

"It's a big deal: Most OpenAI employees threaten to resign and join Microsoft unless the board of directors is dissolved and Altman is invited back"

Nadella officially announced, OpenAI founders Sam Altman and Brockman will join Microsoft

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