OpenAI in talks to sell shares at $86 billion valuation - Bloomberg News
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OpenAI co-founder Sam Altman ousted as CEO
The pioneering artificial intelligence firm OpenAI has ejected its chief executive Sam Altman after claims that he was not honest with the board of directors. In a blog post on Friday afternoon, the company behind ChatGPT and the image generation AI Dall-E said that its board “no longer has confidence” in Mr Altman’s ability to lead. It was an abrupt and cryptic departure for a man who, alongside his former colleague Elon Musk, has become one of the global figureheads of the AI industry and the seismic change it has created. The company will now be run by its former chief operating officer Mira Murati, with immediate effect. ”Mr Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” said OpenAI’s statement. “The board no longer has confidence in his ability to continue leading OpenAI.” The board itself added that it was “grateful for Sam’s many contributions to the founding and growth of OpenAI”, and that it had “utmost confidence” in Ms Murati. This story is breaking and will be updated. Read More ChatGPT Plus stops signups after major update ChatGPT creator mocks Elon Musk in brutal tweet ChatGPT goes offline
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