OpenAI's CEO, Sam Altman, has been dismissed without clear reason, leading to confusion among investors and employees. Altman was reinstated with the promise of a new board. Thomas Hayes, chairman of hedge fund Great Hill Capital, said it would not be in the interest of Microsoft to sit passively on the board. The Information first reported the news, stating that OpenAI will have a nine-person board. The three initial directors of the new board – Chair Bret Taylor, former Treasury Secretary Larry Summers, and Quora CEO Adam D’Angelo – are expected to be confirmed as soon as this week. Microsoft, which has invested over $10 billion in OpenAI, is one of the biggest backers of OpenAI that operates ChatGPT, its viral generative AI chatbot. Microsoft's CEO Satya Nadella has told CNBC that the governance at the ChatGPT maker needed to change no matter where Altman ended up.