OpenAI CEO Sam Altman was fired by the board, sparking shockwaves in the tech industry.

Chief Technology Officer Mira Murati was appointed as interim CEO, with plans for a formal search for a permanent replacement.

Altman's departure was attributed to a lack of consistent candor in communications with the board, hindering its oversight.

OpenAI President Greg Brockman resigns from the company, expressing surprise at the decision and hinting at greater things to come.

The abrupt management change blindsided employees, Altman, and Brockman, who learned of the decision minutes before the public announcement.

OpenAI, backed by Microsoft, pioneered generative AI with the release of ChatGPT, becoming a major player in the field.

Altman, a serial entrepreneur and investor, played a key role in OpenAI's success and was the face of the organization.

The shakeup raises concerns about OpenAI's fundraising prospects and its future direction, with Microsoft expressing continued commitment.