“Employees are encouraged to read the entire memo”

OpenAI’s COO, Brad Lightcap addressed the sudden departure of CEO Sam Altman in a memo to employees, emphasizing that the decision was not related to any misconduct or financial issues. According to Lightcap, there was a “breakdown in communication” between Altman and the board, and discussions about the company’s future are ongoing. He assured employees that Microsoft is a committed partner and that the company remains strong. The memo also expressed full support for the newly appointed CEO, Mira. The news of Altman’s departure came as a surprise to many, and OpenAI is working towards resolving the situation. This announcement comes after a series of articles on CNBC discussing Altman’s exit and the circumstances leading up to it. The articles reveal that Altman’s unique corporate structure at OpenAI left him vulnerable, and ultimately led to the board losing confidence in his ability to lead. These recent developments have sparked concern and uncertainty among employees, but the company is focused on finding a resolution and getting back to work.