OpenAI refuses to offer board seats to Microsoft and other investors

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Release: 2023-11-29 09:39:05
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According to news from this site on November 29, people familiar with the matter told Reuters that although it is facing restructuring, OpenAI is not expected to provide board seats to other investors such as Microsoft, including Khosla Ventures and Thrive Capital.

Microsoft is currently one of OpenAI’s biggest backers, pledging billions of dollars to invest in the company. It is worth mentioning that

OpenAI refuses to offer board seats to Microsoft and other investors
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In the turmoil last week, OpenAI suddenly fired its chief executive official and founder Sam Altman, without giving a specific reason. However, three days later, OpenAI announced that it had rehired Altman and promised to form a new board of directors. For details, please refer to previous reports on this site

The Information reported that OpenAI will have a 9-person board of directors, with the three initial members of the new board of directors-Chairman Bret Taylor, former Treasury Secretary Larry Summers and Quora CEO Adam D'Angelo - expected to be confirmed this week.

As things stand, D'Angelo will be the only director member retained on Altman's fired six-person board

In response to questions about OpenAI's board of directors, a Microsoft spokesperson said, "We will Waiting for the official announcement from the board of directors." OpenAI, Thrive and Khosla did not immediately respond to requests for comment.

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