OpenAI investors exploring legal options on company boards

OpenAI investors are reportedly considering legal action over the company's board's decision to fire CEO Sam Altman.

According to sources familiar with the matter, they are currently only investigating the legal process and nothing is suspected.

OpenAI investors are worried about the high costs that may arise

According to a recent Reuters report, investors are concerned that the board's recent move to fire OpenAI CEO Sam Altman could cost them millions of dollars.

“Investors worry they could lose hundreds of millions of dollars invested in OpenAI, the crown jewel in some of their portfolios, when the hottest startup in the fast-growing generative AI sector could collapse.”

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It was a quick turn of events for OpenAI. It was reported that Altman had stepped down as CEO and was replaced by CTO Mira Murthy. Only on November 17th.

OpenAI's latest powerful moment

Soon after, OpenAI released a statement saying that they no longer “have confidence in OpenAI's ability to continue to lead.”

However, within five days, Altman was back at the company.

Meanwhile, the future of the company is uncertain. Altman also announced that he would only consider returning if the entire board resigned within five days.

However, following the announcement that Altman would be returning, he posted on X.” I love OpenAI. And everything I've done for the past few days has been in service of keeping this team and the mission together.

He thanked Microsoft CEO Satya Nadella for their support and helping him make the decision.

“With the new board and Satya [Microsoft CEO Satya Nadella] Support, I look forward to returning to OpenAI and building on our strong partnership with Microsoft.

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