OpenAI’s board of directors has removed former CEO Sama Altman and appointed Emmett Shear as the new interim CEO, according to an internal memo sent to company staff. The board expressed their confidence in Shear’s ability to lead OpenAI and affirmed their decision to oust Altman. The memo did not specify the reasons for Altman’s dismissal but stated that his behavior and lack of transparency had undermined management’s ability to effectively oversee the company.

OpenAI’s investors, including Microsoft, were reportedly taken by surprise by Altman’s departure. Microsoft, a major investor in OpenAI, was only informed of Altman’s termination a minute before it was publicly announced. The board emphasized the importance of honesty and transparency between executives and the board of directors.

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