Microsoft quits Sam Altman's OpenAI board: ‘No longer necessary…’
Microsoft left the board observer seat at OpenAI which has drawn regulatory scrutiny as the former said that it was not necessary as the AI start-up's governance has improved significantly in the past eight months. In November last year, Microsoft took a non-voting, observer position on OpenAI's board after OpenAI CEO Sam Altman was reinstated. Owing to the seat, Microsoft could attend OpenAI's board meetings and access confidential information but had no voting rights on matters including electing or choosing directors. Citing OpenAI's new partnerships, innovation and growing customer base since Altman's return to the startup for giving up its observer seat, Microsoft said, “Over the past eight months we have witnessed significant progress by the newly formed board and are confident in the company's direction.
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