ChatGPT maker OpenAI's CEO Sam Altman has been ousted after the board lost confidence in his ability to lead, the company said on Friday, sending shock waves across the tech industry.
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    Nov 17 (Reuters) - ChatGPT maker OpenAI’s CEO Sam Altman has been ousted after the board lost confidence in his ability to lead, the company said on Friday, sending shock waves across the tech industry.

    Backed by billions of dollars from Microsoft (MSFT.O), OpenAI kicked off the generative AI craze last November by releasing its ChatGPT chatbot, which became one of the world’s fastest-growing software applications.

    Altman, who ran Y Combinator, is a serial entrepreneur and investor, was the face of OpenAI and the wildly popular generative AI technology that can churn out human-like responses to queries as he toured the world this year.

    “Microsoft remains committed to Mira and their team as we bring this next era of AI to our customers,” a spokesperson for the software maker told Reuters on Friday.

    While the impact of the change at OpenAI was not immediately clear, current fundraising prospects could be challenged.

    In the intermediate term it will be a non-issue," Thomas Hayes, chairman at hedge fund Great Hill Capital, said.

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