The reporting is that Sam Altman did not tell the board of OpenAI everything they needed to know. AKA Sam Altman lied to the Board about important information.

OpenAI's board of directors consists of OpenAI chief scientist Ilya Sutskever, independent directors Quora CEO Adam D'Angelo, technology entrepreneur Tasha McCauley, and Georgetown Center for Security and Emerging Technology's Helen Toner.

As a part of this transition, Greg Brockman will be stepping down as chairman of the board and will remain in his role at the company, reporting to the CEO.

Sam Altman is worth over $700 million. He headed Y Combinator, a tech incubator that provided seed funding to companies like Airbnb, Dropbox, and Stripe. In addition, he has served as an angel investor to more than 100 startups, including Asana, Instacart, and Pinterest. The companies he has led, founded, or backed are worth a combined $500 to 600 billion.