GitHub and Scale AI CEOs refused the OpenAI CEO's post vacated by Sam Altman

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Artificial intelligence (AI) has become the buzzword of 2023, with the world's biggest companies launching their suite of AI services not just for consumers, but for businesses as well. While AI technology has been growing for some time, it is safe to say that this revolution really kicked off when OpenAI launched its AI chatbot ChatGPT in November 2022. Since then, rapid advancements have taken place in the field, with companies like Microsoft and Google releasing their AI services. AI for business has also become highly sought after, with companies leveraging the new tech to grow their business and offer more services to consumers. However, OpenAI Chief Operating Officer Brad Lightcap thinks this technology is overhyped. He also revealed some details about the shock resignation and the eventual return of CEO Sam Altman.

In a recent turn of events, Sam Altman, co-founder of OpenAI, has reclaimed his position as the CEO of OpenAI after a tumultuous episode involving his shocking initial dismissal and subsequent reinstatement. The lingering question that has stayed in many people's minds is the reason behind this unexpected sequence of events. During an interview with The Verge, Altman addressed this query and more. While refraining from disclosing the initial cause of his dismissal, he expressed his joy at rejoining the company. Altman emphasised that the matter is still under investigation, urging that such questions should be directed to the OpenAI board rather than himself.

OpenAI has been through a lot of dramatic changes over these past few weeks with the board members firing the company CEO Sam Altman. While the feud did not last long and Altman eventually made his way back as OpenAI CEO, the company has made significant changes in their board with three new members and Microsoft is also getting a seat on the board, however, as a silent member. Check Microsoft's role in the OpenAI board and how it will function to ensure the company's success.

The five-day drama, which showcased the firing of OpenAI CEO Sam Altman and then reinstating him as the company’s Chief Executive, is just another example of how haywire the realm of Silicon Valley can be. However, Altman’s firing was not due to him maintaining a rebellious attitude with the board but due to an AI breakthrough discovery by OpenAI researchers that could potentially be dangerous to humanity.

It's been quite a week for ChatGPT-maker OpenAI — and co-founder Sam Altman.

Unlike Google, Facebook and other tech giants, the company behind ChatGPT was not created to be a business. It was set up as a nonprofit by founders who hoped that it wouldn't be beholden to commercial interests.

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Sam Altman and members of the OpenAI board have opened negotiations aimed at a possible return of the ousted co-founder and chief executive officer to the artificial intelligence company, according to people with knowledge of the matter.

This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.

Following a surprise ouster, OpenAI co-founder and former CEO Sam Altman joined Microsoft as the head of artificial intelligence research along with the ChatGPT maker's former President Greg Brockman and other staff. The developments come less than a year after OpenAI kicked off the generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. 

It is day 5 of the OpenAI saga, and it is still delivering shocking twists and turns. When everyone thought Sam Altman, the ousted CEO of OpenAI, would join Microsoft and lead their AI division, CEO Satya Nadella gave cryptic interviews suggesting he wasn't sure where Altman would end up. Sprinkle in Ilya Sutskever's post expressing regret over participation in the board's actions and the threats of mass resignation from more than 500 employees of OpenAI, and you have a tale that will be remembered in Silicon Valley for decades to come.