The board removed Sam Altman as OpenAI's CEO, prompting a shift in leadership roles.

Photo Credit @NDTV

Altman's exit was based on the board's perception of his inconsistent communication, impeding their ability to fulfill responsibilities.

Altman and President Greg Brockman were reportedly surprised by the abrupt decision, as Altman was fired during an unexpected video meeting.

OpenAI, in discussions for a new funding round, faces uncertainties regarding its $80 billion valuation, given Microsoft's significant stake in the company.

Altman's sudden departure surprised both the tech industry and OpenAI employees, who held a positive view of his leadership.

Despite Altman's exit, Microsoft, having invested $13 billion in OpenAI, expressed commitment to their partnership, emphasizing continued access to innovation and product development.