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OpenAI to Appoint New Board Members Amid Ongoing Restructuring

TL;DR

  • OpenAI appoints new board members in March to resolve the impasse and navigate restructuring.
  • Microsoft takes an observer role as SEC scrutinizes OpenAI CEO communications.
  • The organization seeks expertise in tech, safety, and policy for the board amid regulatory probe.

To resolve a longstanding impasse, OpenAI, the Microsoft-backed artificial intelligence research organization, is set to appoint several new board members in March, as reported by the Washington Post on Thursday. This development comes in the wake of CEO Sam Altman’s dismissal by the former board in November, followed by his swift reinstatement and the formation of a new initial board, chaired by Bret Taylor, the former co-CEO of Salesforce.

End of impasse and ongoing restructuring

The impasse within OpenAI emerged following the contentious dismissal of CEO Sam Altman in November, which prompted a period of uncertainty within the organization. Altman’s subsequent return, along with the formation of a new board, aimed to steer OpenAI through this turbulent phase. Since then, the organization has actively sought to augment its board with six new members possessing expertise spanning technology, safety, and policy domains.

OpenAI’s Dynamics with Microsoft and Investors

Microsoft, a key backer of OpenAI, is expected to assume a non-voting, observer position on the board, as indicated by Altman following his reinstatement. Notably, OpenAI investors are unlikely to secure seats on the non-profit’s board, a move aimed at preserving the organization’s independent governance structure. The composition of OpenAI’s previous board included notable figures such as entrepreneur Tasha McCauley and Helen Toner, director of strategy at Georgetown’s Center for Security and Emerging Technology.

Scrutiny by regulatory authorities

Meanwhile, the U.S. Securities and Exchange Commission (SEC) has reportedly initiated an investigation into internal communications by Altman, as per reports by the Wall Street Journal. The investigation aims to ascertain whether OpenAI’s investors were misled, underscoring heightened scrutiny surrounding the organization’s operations.

As OpenAI moves forward with its board restructuring efforts, the appointment of new members in March signals a pivotal juncture for the organization. Amid ongoing regulatory scrutiny and the imperative to chart a course for the future, OpenAI remains committed to advancing its mission of developing safe and beneficial artificial intelligence technologies.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

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Benson Mawira

Benson is a blockchain reporter who has delved into industry news, on-chain analysis, non-fungible tokens (NFTs), Artificial Intelligence (AI), etc.His area of expertise is the cryptocurrency markets, fundamental and technical analysis.With his insightful coverage of everything in Financial Technologies, Benson has garnered a global readership.

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