OpenAI fires co-founder and CEO Sam Altman for allegedly lying to company board

Sam Altman, the chief executive and co-founder of OpenAI, was ousted for allegedly lying to the board of his company, according to an announcement issued Friday. The board "no longer has confidence in his ability to lead" and said new leadership is "necessary" as the company moves forward, OpenAI said in a statement posted on its website. He is likewise leaving the company's board. Altman's departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," the board's statement said. What Altman had allegedly hidden from his company's board was not clear. "I loved my time at openai. it was transformative for me personally, and hopefully the world a little bit.