OpenAI Denies Microsoft a Board Seat, Disappointing Investors
TL;DR Summary
OpenAI's new board of directors is not expected to include representatives from outside investors, indicating a prioritization of safety practices over investor returns. Microsoft and other shareholders, including Khosla Ventures, Thrive Capital, and Sequoia Capital, are not expected to be offered a seat on the new nine-person board. The recent ousting of CEO Sam Altman surprised these investors, but as part of a compromise deal, Altman did not reclaim his old board seat.
- OpenAI Isn't Expected to Offer Microsoft, Other Investors a Board Seat The Information
- OpenAI unlikely to offer board seat to Microsoft, other investors - source Yahoo Finance
- OpenAI not planning to offer Microsoft a board seat: reports Business Insider
- Microsoft unlikely to get a seat on OpenAI board, experts say Satya Nadella's company won't ‘sit passively’ | Mint Mint
- OpenAI unlikely to offer board seat to Microsoft, other investors: Source timesofindia.com
- View Full Coverage on Google News
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