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## OpenAI’s Plans for New Board Members

SAN FRANCISCO ÔÇö ChatGPT maker OpenAI is planning to appoint several new board members within the next month, as the companyÔÇÖs regulatory troubles mount.

The company is drawing closer to announcing new members following the dramatic November overhaul of the companyÔÇÖs governance. The Securities and Exchange Commission is currently looking into whether investors in the company were misled. This situation has increased the urgency for OpenAI to make strategic decisions in choosing its new board members.

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## OpenAI’s Governance Challenges

OpenAI has been without a full board since November, after several members of its previous board stepped down amid a chaotic leadership turmoil. This turmoil began when its CEO, Sam Altman, was fired. OpenAIÔÇÖs previous board fired Altman, citing communication issues. However, after backlash from employees and investors, Altman was reinstated as CEO and a new council was established to set up the new board.

The company appointed former treasury secretary Larry Summers and former Twitter board chairman Bret Taylor to oversee the board temporarily. Diversity has been a significant concern, as the current temporary board consists of three White men. The presence of Microsoft as a major investor with a nonvoting observer seat has also added complexity to the board selection process.

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## Regulatory Scrutiny and Investigations

Whoever is on the new board will face intense scrutiny from regulators in Europe and the United States. The SEC probe has instructed senior OpenAI employees to preserve their messages and emails, although the specifics of the investigation remain unclear. Additionally, the European Union and the Federal Trade Commission are looking into the Microsoft-OpenAI partnership, with concerns about mergers laws and data privacy.

OpenAI is also facing legal action from authors and news organizations for unauthorized use of content to train its AI. The law firm WilmerHale has been hired to investigate the events surrounding AltmanÔÇÖs firing and the leadership turmoil, although the final report is pending.

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