• Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans

Subscribe to Updates

Get the latest finance news and updates directly to your inbox.

Top News

How Immigration Curbs Make Care Less Affordable For Seniors And Others

December 16, 2025

What’s the Best Way to Invest $100,000? Here’s What a CPA Would Do

December 16, 2025

It’s the Time of Year to Turn Mistakes Into Breaks — Here’s How I Just Saved $2,745 on My Taxes

December 16, 2025
Facebook Twitter Instagram
Trending
  • How Immigration Curbs Make Care Less Affordable For Seniors And Others
  • What’s the Best Way to Invest $100,000? Here’s What a CPA Would Do
  • It’s the Time of Year to Turn Mistakes Into Breaks — Here’s How I Just Saved $2,745 on My Taxes
  • Meta Allowed Scam Ads In China to Protect Revenue
  • Want to Refresh Your Brand? Take This Crucial Step First.
  • Tesla’s Unexpected New Lifestyle Product Costs $350
  • This Simple Fix Can Help You End Meeting Overload for Good
  • Powell says rate cuts won’t make ‘much of a difference’ for struggling housing sector
Wednesday, December 17
Facebook Twitter Instagram
Indenta
Subscribe For Alerts
  • Home
  • News
  • Personal Finance
    • Savings
    • Banking
    • Mortgage
    • Retirement
    • Taxes
    • Wealth
  • Make Money
  • Budgeting
  • Burrow
  • Investing
  • Credit Cards
  • Loans
Indenta
Home » OpenAI exec addresses CEO Sam Altman’s firing in note to employees — Read the full memo
News

OpenAI exec addresses CEO Sam Altman’s firing in note to employees — Read the full memo

News RoomBy News RoomNovember 18, 20235 Views0
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email Tumblr Telegram

OpenAI chief operating officer Brad Lightcap addressed the firing of CEO Sam Altman in a brief message to employees on Saturday.

Lightcap wrote in the memo, obtained by CNBC, that everyone was taken by surprise and that he’s had many conversations with the board to try to understand their decision.

“We can say definitively that the board’s decision was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices,” he wrote.

Lightcap explained that there was a “breakdown in communication” between Altman and the board.

He wrote the discussions and options regarding the path forward are ongoing and the company remains strong. Microsoft is a fully committed partner, he explained.

Here’s the full memo Lightcap shared with employees on Saturday morning:

“Team – after yesterday’s announcement, which took us all by surprise, we have had multiple conversations with the board to try to better understand the reasons and process behind their decision. These discussions, and options regarding our path forward, are ongoing this morning.

We can say definitively that the board’s decision was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices. This was a breakdown in communication between Sam and the board. Our position as a company remains extremely strong, and Microsoft remains fully committed to our partnership.

Mira has our full support as CEO. We still share your concerns about how the process has been handled, are working to resolve the situation, and will provide updates as we’re able.

I’m sure you all are feeling confusion, sadness, and perhaps some fear. We are fully focused on handling this, pushing toward resolution and clarity, and getting back to work. Our collective responsibility right now is to our teammates, partners, users, customers, and the broader world who shares our vision of broadly beneficial AGI. Hang in there, we are behind you all 1000%.”

Who’s on the OpenAI board — the group behind Sam Altman’s ouster
Sam Altman, CEO of ChatGPT maker OpenAI, arrives for a bipartisan Artificial Intelligence (AI) Insight Forum for all U.S. senators hosted by Senate Majority Leader Chuck Schumer (D-NY) at the U.S. Capitol in Washington, U.S., September 13, 2023. 

OpenAI’s unique corporate structure left Sam Altman vulnerable. Now he’s out
Sam Altman, CEO of OpenAI participates in the "Charting the Path Forward: The Future of Artificial Intelligence" at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 16, 2023.

OpenAI’s Sam Altman exits as CEO because ‘board no longer has confidence’ in his ability to lead

Read the full article here

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Articles

RSS Feed Generator, Create RSS feeds from URL

News November 1, 2024

X CEO Linda Yaccarino addresses Musk’s ‘go f—- yourself’ comment to advertisers

News November 30, 2023

67-year-old who left the U.S. for Mexico: I’m happily retired—but I ‘really regret’ doing these 3 things in my 20s

News November 30, 2023

U.S. GDP grew at a 5.2% rate in the third quarter, even stronger than first indicated

News November 29, 2023

Americans are ‘doom spending’ — here’s why that’s a problem

News November 29, 2023

Jim Cramer’s top 10 things to watch in the stock market Tuesday

News November 28, 2023
Add A Comment

Leave A Reply Cancel Reply

Demo
Top News

What’s the Best Way to Invest $100,000? Here’s What a CPA Would Do

December 16, 20253 Views

It’s the Time of Year to Turn Mistakes Into Breaks — Here’s How I Just Saved $2,745 on My Taxes

December 16, 20251 Views

Meta Allowed Scam Ads In China to Protect Revenue

December 16, 20254 Views

Want to Refresh Your Brand? Take This Crucial Step First.

December 16, 20252 Views
Don't Miss

Tesla’s Unexpected New Lifestyle Product Costs $350

By News RoomDecember 16, 2025

Key Takeaways Tesla released a limited-edition $350 pickleball paddle on Friday, and the paddle sold…

This Simple Fix Can Help You End Meeting Overload for Good

December 16, 2025

Powell says rate cuts won’t make ‘much of a difference’ for struggling housing sector

December 15, 2025

I’m a Professional Reseller. Here Are My 11 Best Tips for Shopping Estate Sales.

December 15, 2025
About Us

Your number 1 source for the latest finance, making money, saving money and budgeting. follow us now to get the news that matters to you.

We're accepting new partnerships right now.

Email Us: [email protected]

Our Picks

How Immigration Curbs Make Care Less Affordable For Seniors And Others

December 16, 2025

What’s the Best Way to Invest $100,000? Here’s What a CPA Would Do

December 16, 2025

It’s the Time of Year to Turn Mistakes Into Breaks — Here’s How I Just Saved $2,745 on My Taxes

December 16, 2025
Most Popular

5 Reasons Businesses Should Track Consumer Spending Habits

April 26, 20259 Views

7 Tips for Getting the Most Out of Black Friday

February 7, 20257 Views

4 Ways Trump Could Shake up Your Retirement

December 6, 20247 Views
Facebook Twitter Instagram Pinterest Dribbble
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
© 2025 Inodebta. All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.