Published 8 months ago

OpenAI is a nonprofit-corporate hybrid: A management expert explains how this model works − and how it fueled the tumult around CEO Sam Altman's short-lived ouster

Summary by Ground News

The board of OpenAI fired Sam Altman, its chief executive officer, in late November 2023. Chaos ensued as investors and employees rebelled. Altman returned triumphantly to the OpenAI fold amid staff euphoria. The structure of the board overseeing a for-profit subsidiary seems to have played a role in the drama.

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OpenAI is a nonprofit-corporate hybrid: A management expert explains how this model works − and how it fueled the tumult around CEO Sam Altman's short-lived ouster

OpenAI CEO Sam Altman had a tumultuous November. omohiro Ohsumi/Getty ImagesThe board of OpenAI, creator of the popular ChatGPT and DALL-E artificial intelligence tools, fired Sam Altman, its chief executive officer, in late November 2023. Chaos ensued as investors and employees rebelled. By the time the mayhem had subsided five days later, Altman had returned triumphantly to the OpenAI fold amid staff euphoria, and three of the board members wh…

8 months ago

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