Current:Home > InvestMicrosoft relinquishes OpenAI board seat as regulators zero in on artificial intelligence-InfoLens
Microsoft relinquishes OpenAI board seat as regulators zero in on artificial intelligence
View Date:2024-12-23 10:14:15
Microsoft is giving up its seat on OpenAI's board, saying its presence is no longer necessary as the ChatGPT maker's governance has improved since its boardroom upheaval last year.
"We appreciate the support shown by OpenAI leadership and the OpenAI board as we made this decision," Microsoft stated in a Tuesday letter. The company's resignation is effective immediately, Microsoft said.
The unexpected exit comes as antitrust regulators scrutinize Microsoft's partnertship with OpenAI, under which the software giant invested billions in OpenAI.
Microsoft also took a seat on OpenAI's board after a chaotic period in which OpenAI CEO Sam Altman was abruptly fired, then reinstated, with the board members who orchestrated his ouster later pushed out.
"Over the past eight months we have witnessed significant progress by the newly formed board and are confident in the company's direction," Microsoft said in its letter. "Given all of this we no longer believe our limited role as an observer is necessary."
Microsoft's decision means that OpenAI will not have observer seats on its board.
"We are grateful to Microsoft for voicing confidence in the Board and the direction of the company, and we look forward to continuing our successful partnership," OpenAI said in a statement.
The Federal Trade Commission and Britain's regulatory agency have also been reviewing Microsoft's relationship with OpenAI, and European regulators last month said they'd take another look at the partnership under the 27-nation bloc's antitrust rules.
—The Associated Press contributed to this report.
- In:
- Microsoft
- OpenAI
- AI
Kate Gibson is a reporter for CBS MoneyWatch in New York, where she covers business and consumer finance.
veryGood! (88198)
Related
- A $1 billion proposal is the latest plan to refurbish and save the iconic Houston Astrodome
- My day at the ballpark with Mr. and Mrs. Met, the first family of MLB mascots
- 105-year-old Washington woman gets master's 8 decades after WWII interrupted degree
- Heat waves in the US kill more people in their homes than anywhere else
- Arizona Supreme Court declines emergency request to extend ballot ‘curing’ deadline
- Trump will address influential evangelicals who back him but want to see a national abortion ban
- Millions in the US prepare for more sweltering heat as floodwaters inundate parts of the Midwest
- Inside Charlie’s Queer Books, an unapologetically pink and joyful space in Seattle
- 'Dangerous and unsanitary' conditions at Georgia jail violate Constitution, feds say
- Why Candace Cameron Bure Is Fiercely Protective of the Full House She's Built With Husband Valeri Bure
Ranking
- Angels sign Travis d'Arnaud: Former All-Star catcher gets multiyear contract in LA
- Chimpanzees seek out medicinal plants to treat injuries and illnesses, study finds
- US Olympic track and field trials highlights: Noah Lyles wins 100, Christian Coleman misses out
- Georgia woman nearly crushed after being dropped from dumpster into garbage truck
- Texas man accused of supporting ISIS charged in federal court
- Yellen announces efforts to boost housing supply as high prices create crunch
- Justin Timberlake says it's been 'tough week' amid DWI arrest: 'I know I’m hard to love'
- Sweltering temperatures persist across the US, while floodwaters inundate the Midwest
Recommendation
-
New wildfires burn in US Northeast while bigger blazes rage out West
-
Teen charged with murder in death of 7-year-old Chicago boy struck by random gunfire
-
When a teenager's heart stopped, his friends jumped into action — and their CPR training saved his life
-
75-year-old John Force alert after fiery crash at Virginia Motorsports Park
-
Georgia remains part of College Football Playoff bracket projection despite loss
-
Travis Kelce's Mom Donna Shares Video of Him Carrying Taylor Swift Onstage at Eras Tour Show
-
My day at the ballpark with Mr. and Mrs. Met, the first family of MLB mascots
-
College World Series 2024: How to watch Tennessee vs. Texas A&M game Saturday