OpenAI Investors Considering Suing the Board After CEO's Abrupt Firing - Reuters
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Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.8%
EPS Growth %: +14.0%
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(Updated - November 20, 2023 5:38 PM EST)
OpenAI Investors Considering Suing the Board After CEO's Abrupt Firing - Reuters
- Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board.
- Sources said investors are working with legal advisers to study their options.
- Investors worry that their hundreds of millions invested in OpenAI could suffer catastrophic losses.
- By Monday, most of OpenAI's more than 700 employees threatened to resign unless the company replaced the board.
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