Investors in OpenAI, the creator of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter have told the Reuters news agency.
Investors worry they could lose hundreds of millions of dollars they invested in OpenAI, a crown jewel in some of their portfolios, with the potential collapse of the hottest startup in the rapidly growing generative AI sector.
Venture capital investors usually hold board seats or voting power in their portfolio companies but OpenAI is controlled by its nonprofit parent company OpenAI Nonprofit, which according to OpenAI's website was created to benefit humanity, not OpenAI investors.
OpenAI's board fired Altman on Friday after a breakdown of communications, according to an internal memo seen by Reuters. By Monday, most of OpenAI's more than 700 employees threatened to resign unless the company replaced the board.
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