OpenAI’s Board of Directors has made the decision to remove Sama Altman as CEO, according to a memo sent to company staff. The new interim CEO is Emmett Shear, a former executive at Twitch. The board expressed confidence in Shear’s ability to lead OpenAI and stated that they stand by their decision to dismiss Altman. The reasons for Altman’s departure were not specified in the memo, but it was stated that his behavior and lack of transparency had undermined management’s ability to effectively oversee the company.

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

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