OpenAI has appointed Emmett Shear as its new interim CEO following the dismissal of former CEO Sama Altman. The board of directors has expressed their confidence in Shear’s ability to lead the company and stand by their decision to oust Altman, according to an internal memo sent to staff.

The reasons for Altman’s departure were not specified in the memo, but it was stated that his behavior and lack of transparency had undermined management’s ability to effectively oversee the company. OpenAI investors, including Microsoft, were reportedly taken by surprise by Altman’s departure. Microsoft, a major investor in OpenAI, was only informed of Altman’s termination a minute before it was publicly announced.

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