Sam Altman, CEO of OpenAI, was unexpectedly ousted from the company due to its Unique Corporate Structure. Altman and co-founder Greg Brockman didn't have the power to prevent their removal, as Altman had no equity in OpenAI. The company's structure includes a nonprofit charity, OpenAI Inc., which takes precedence over the for-profit subsidiary OpenAI Global. Altman's lack of ownership and protections made him vulnerable to a boardroom coup. The decision to shift to a for-profit model in 2019 aimed to attract top employees and investors, but Altman's dismissal was unexpected and lacked a similar controversy seen at Uber.

The post OpenAI’s unique corporate structure left Sam Altman Vulnerable. Now he’s out appeared first on Balanced News Summary.