See More

Breaking Sam Altman Steps Down as OpenAI CEO

1 min
Updated by Bary Rahma
Join our Trading Community on Telegram

In Brief

  • Mira Murati, OpenAI's Chief Technology Officer, has been appointed interim CEO, with the company actively seeking a permanent successor.
  • Sam Altman steps down as CEO following a board review, which determined he wasn't consistently transparent in his communications.
  • OpenAI's board expressed gratitude for Altman's contributions but believes new leadership is essential for the company's future direction.
  • promo

CTO Mira Murati has been appointed interim CEO of OpenAI. She will lead the company with a search process underway to identify a permanent successor.

Sam Altman’s departure follows a “deliberative review process by the board.” It concluded that OpenAI’s founder was not consistently candid in his communications with the board. Which, in turn, hindered its ability to exercise its responsibilities.

In a statement released by OpenAI, the reason for Altman’s departure is the board no longer has “confidence in his ability to continue leading OpenAI.”

“OpenAI was deliberately structured to advance our mission: to ensure that artificial general intelligence benefits all humanity. The board remains fully committed to serving this mission. We are grateful for Sam’s many contributions to the founding and growth of OpenAI. At the same time, we believe new leadership is necessary as we move forward. As the leader of the company’s research, product, and safety functions, Mira is exceptionally qualified to step into the role of interim CEO. We have the utmost confidence in her ability to lead OpenAI during this transition period,” the statement reads.

Read more: Here Is Everything OpenAI Announced at Its Developer Conference

The price of Worldcoin (WLD) dropped over 13% after OpenAI CEO Sam Altman’s departure.

Worldcoin (WLD) Price Performance
Worldcoin (WLD) Price Performance. Source: TradingView

This is a developing story…

Top crypto projects in the US | May 2024

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

Frame-1934.png
Bary Rahma
Bary Rahman, a talented journalist, graduated from New York University with a degree in Journalism. Skilled in SEO, she has worked with CNN, showcasing her investigative skills and storytelling abilities. In addition to her journalistic accomplishments, Bary has contributed her expertise as a content writer for Binance, crafting insightful articles on the dynamic crypto industry. Her unique fusion of journalism and SEO makes her a versatile and highly respected figure in the industry.
READ FULL BIO
Sponsored
Sponsored