Sam Altman has been fired as CEO of OpenAI, the company announced on Friday.
“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,” the company said in its blog post.
EDITED TO ADD direct link to OpenAI board announcement:
https://openai.com/blog/openai-announces-leadership-transition
It’s the non-profit board, none of whom have equity and at the end of their announcement reiterated the importance of their original non-profit founding charter despite the spinning off of the for profit entity owned by the non-profit.