"Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," the blog post said.

"The board no longer has confidence in his ability to continue leading OpenAI," it added.

Worldcoin [WLD], Sam Altman's eye-scanning cryptocurrency project, dropped 12% in the immediate aftermath of the announcement.

The company appointed chief technology officer Mira Murati as interim CEO, and is searching for a permanent successor. Greg Brockman – who was among the co-founders of OpenAI – was removed as chairman of the board. He will remain as company president, reporting to Murati.

Openai Sam Altman worldcoin Artificial Intelligence AI

Krisztian Sandor

Krisztian Sandor recently graduated from NYU's business and economic reporter program as a Fulbright fellow and worked with Reuters and Forbes previously. Originally from Budapest, Hungary, he is now based in New York. He holds BTC and ETH.