has relinquished its seat on the board of , saying its participation is no longer needed because the ChatGPT maker has improved its governance since being roiled by boardroom chaos last year. In a Tuesday letter, confirmed it was resigning, “effective immediately,” from its role as an observer on the artificial intelligence company’s board. “We appreciate the support shown by leadership and the board as we made this decision,” the letter said.
The surprise departure comes amid intensifying scrutiny from antitrust regulators of the powerful AI partnership. has reportedly invested $13 billion in . European Union regulators said last month that they would take a fresh look at the partnership under the 27-nation bloc’s antitrust rules, while the U.
S. Federal Trade Commission and Britain’s competition watchdog have also been examining the pact. took the board seat following a power struggle in which CEO Sam Altman was fired, then quickly reinstated, while the board members behind the ouster were pushed out.
“Over the past eight months we have witnessed significant progress by the newly formed board and are confident in the company’s direction,” said in its letter. “Given all of this we no longer believe our limited role as an observer is necessary.” With departure, will no longer have observer seats on its board.
“We are grateful to for voicing confidence in the Board and the direction of the company, and we look forward to continuing our successful partn.
