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HomePEOPLEOpenAI Investors Seek Legal Action Against Board Members; Employees Threaten to Quit,...

OpenAI Investors Seek Legal Action Against Board Members; Employees Threaten to Quit, Report

OpenAI investors are considering legal action against the board members of the organization to act without due diligence to them. Check out more details below.

OpenAI: The termination of OpenAI’s CEO Sam Altman has left a void in the leadership of the organization. On one hand, where investors are considering legal action against OpenAI’s board members. On the other side, 505 of 700 employees in the organization threatened to resign which clearly indicates the level of dissatisfaction and lack of trust in the board members.

Open AI employees also said that the board’s “conduct has made it clear that you did not have the competence to oversee OpenAI.” Check out more details of the news below.

Investors Seeks Legal Action

Possibility of legal action, if taken by the investors, there’s a huge possibility that they will allege that board members took the decision in a completely unjustified manner without any diligence towards stakeholders of the company. Investors are asking members to give an appropriate and justified reason for Altman’s dismissal.

Employees Write Protest Letter

OpenAI employees have threatened management to mass resign the organization. Over 500 employees of the organization signed a protest letter threatening to resign from the organization after Altman’s termination. This action by the employees reflects the level of lack of confidence that they have in the board members.

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