Microsoft gives up observer seat on OpenAI board

Source: Axios

“Microsoft said late Tuesday that it is giving up an observer seat on OpenAI’s board, saying it has seen ‘significant progress’ over the last eight months, is confident in the company’s direction and no longer sees the seat as necessary. Microsoft pushed for the spot after the November ouster of Sam Altman. The company played a key behind-the-scenes role in securing Altman’s return and changes to the company’s governance. … With Microsoft’s departure, OpenAI no longer plans to have any observers on its board, according to a source familiar with the company’s thinking. In giving up its observer seat, Microsoft removes a potential sticking point for antitrust regulators who could object to the giant’s significant entanglement with OpenAI.” (07/10/24)