Most OpenAI Employees Did Not Want To Work For Microsoft, As It Would Have Meant Losing Out On Several Benefits, Claims New Report

OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of the world's most valuable startups.

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.

When news stories emerged last week that OpenAI had been working on a new AI model called Q* (pronounced “q star”), some suggested this was a major step toward powerful, humanlike artificial intelligence that could one day go rogue. What's more certain: The hype around Q* has boosted excitement about the company's engineering prowess, just as it's steadying itself from a failed board coup. Peaks of AI excitement about milestones have taken the public for a ride plenty times before. The real warning we should take from Q* is the direction in which these systems are progressing. As they get better at reasoning, it will become more tempting to give such tools greater responsibilities. More than any concerns about AI annihilation, that alone should give us pause. 

OpenAI is delaying the launch of an online store for people to interact with an array of chatbots customized by its users, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer 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.

OpenAI announced that ChatGPT, the popular generative artificial intelligence-based chatbot, was getting new capabilities earlier in September. These features have now been rolled out globally, and one of the most interesting features will be available to all users, whether they subscribe to its premium version or use the free version. The feature grants ChatGPT voice capability, letting it both receive queries verbally and answer them in the same way. These features will be available in the mobile app version of the platform.

After almost five days, he's back: Sam Altman returns to OpenAI as its chief executive officer, the very same position he had held just 110 or so hours prior, in what will come to be known in Silicon Valley as “the time before OpenAI imploded.” But this saga has only reached the end of the beginning. We go into the Thanksgiving break wondering what happens next, and what it will mean for the future — not just for OpenAI, but AI more broadly.

OpenAI co-founder Sam Altman is to return as CEO of the company, mere days after his chaotic firing by a board that seems to have lost all support. A deal has been reached «in principle» for his return that will see new board members appointed, and the agreement comes shortly after Microsoft CEO Satya Nadella had essentially checkmated OpenAI by offering Altman a job and guaranteeing the role and salary of any OpenAI staff that wished to join him.

OpenAI is bringing in the former head of Twitch as interim CEO just days after the company pushed out its well-known leader Sam Altman, sparking upheaval in the world of artificial intelligence.

It's time to “get back to shipping” products, a senior OpenAI manager told staffers Tuesday, part of an effort to get the company focused on developing software and forging partnerships instead of the will-he-won't-he drama over whether Sam Altman, summarily fired by the board Friday, will return to the chief executive officer role.