Greg Brockman

A planned sale of OpenAI employee shares that would value the startup at about $86 billion on paper hangs in the balance after the sudden firing of CEO Sam Altman and a slew of top executive departures, the Information reported on Saturday.

OpenAI lambasted Elon Musk's allegations against it, saying in a court filing that the billionaire entrepreneur's claims “rest on convoluted — often incoherent — factual premises.” 

OpenAI CEO Sam Altman will return to the ChatGPT-maker's board along with three new directors, the company said on Friday. Below is a timeline of the events in a tumultuous few months for the artificial intelligence company. Date Event Nov. 17, OpenAI board fires CEO Sam Altman and 2023 President Greg Brockman quits. Mira Murati named as interim CEO Nov. 18, Altman's firing was over a "breakdown in 2023 communication between Sam and the board," and not "malfeasance", COO Brad Lightcap says in an internal memo Early investor Khosla Ventures says it wants Altman back at OpenAI, "but will back him in whatever he does next" 

AI roundup: In response to Elon Musk's lawsuit, OpenAI released a statement via a blog post, highlighting the allegations over the responsibility of building artificial intelligence (AI) tools. In a separate development, PUMA has integrated Google Cloud's AI solutions to improve its shopping experience for customers. Know more about what happened in the world of AI today, March 6, 2024.

In a surprising development, billionaire entrepreneur Elon Musk has initiated legal proceedings against OpenAI, the organization he played a pivotal role in establishing back in 2015 along with big investments from Microsoft. Musk's lawsuit is rooted in claims that OpenAI's emphasis on profitability has steered it away from its original mission of fostering artificial intelligence technology for the greater good of humanity.

Elon Musk is suing OpenAI and its CEO Sam Altman over what he says is a betrayal of the ChatGPT maker's founding aims of benefiting humanity rather than pursuing profits.

ChatGPT-maker OpenAI is planning to appoint several new board members in March, the Washington Post reported on Thursday, citing a person familiar with the matter.

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

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.

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.

Last week, OpenAI CEO Sam Altman was fired by the company board for allegedly failing to be "consistently candid in his communications." Now, mere days later, Altman has returned as CEO.

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.

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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.

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.

Most of OpenAI's employees have threatened to resign and follow ousted leader Sam Altman to Microsoft Corp. unless the current board resigns, leaving the future of the high-profile artificial intelligence startup increasingly uncertain.

Microsoft Corp. said that Sam Altman will lead the software developer's new in-house artificial intelligence team after the OpenAI co-founder was ousted from his startup last week, a bid to shore up Microsoft's AI plans and reassure investors.

Over the weekend, OpenAI CEO Sam Altman was suddenly ousted from his position and has since jumped over to Microsoft. His abrupt leave from the generative AI company was the start to a tumultuous series of events that throws the future of OpenAI into question. 

Hundreds of staff at OpenAI threatened to quit the leading artificial intelligence company on Monday and join Microsoft. They would follow OpenAI co-founder Sam Altman, who said he was starting an AI subsidiary at Microsoft following his shock sacking from the company whose ChatGPT chatbot has led the rapid rise of artificial intelligence technology.

Skeptical tech workers say AI is overrated; Australia launches inaugural AI month to shape responsible AI future; DeepBio makes history as first Korean cancer A.I. company to win CES Innovation award; fired OpenAI CEO Sam Altman enticed by Satya Nadella to join Microsoft - this and more in our daily roundup. Let us take a look..

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

On Friday, OpenAI, the industry leading machine learning firm and creator of ChatGPT, ousted its co-founder and CEO Sam Altman. It was an unexpected move and the board expressed the reasons for its decision in extraordinary terms, saying it «no longer has confidence in his ability to continue leading» after he had not been «consistently candid» with them. The news drove a frenzy of speculation in the tech world over the weekend, with Microsoft in particular (which has a multi-billion investment in OpenAI) said to have been blindsided by the move, amid speculation that Altman would be re-hired by the firm.

On Friday, Sam Altman was fired from OpenAI as CEO. Within hours of that, in the face of intense pressure from Microsoft and other investors, the board tried to get him back, but failed. He wanted the OpenAI board to be sacked as his biggest condition for re-joining OpenAI. After talks failed, Satya Nadella announced, that Altman was joining Microsoft to lead a new team of AI researchers. It was an announcement that shocked and awed in equal measure as it heralded a virtual coup by Nadella in getting Altman to join Microsoft. Now OpenAI has appointed former Twitch co-founder Emmett Shear as interim CEO of the company. After the news of Altman joining Microsoft was announced, industry personalities and others, shared their thoughts about the entire event. Check out what CEOs and tech experts around the world are saying about this huge shift in the artificial intelligence power structure.

The current Chief Technology Officer, Mira Murati, was named interim CEO with immediate effect shortly after the firing of OpenAI’s former Chief Executive, Sam Altman. Murati has expressed disdain over this decision and has openly sided with her ex-boss, and with her latest post, which says that OpenAI is nothing without its people, a resignation letter might be handed over from her side soon.

After Sam Altman’s Interim CEO replacement was announced, Microsoft’s Chief Executive Satya Nadella came in with a surprise on X, stating that while the software giant and OpenAI will continue to have a strong working relationship, there are other changes that will happen at the company, starting with the formation of an advanced AI research team. Along with a few other colleagues, Sam Altman and Greg Brockman, both co-founders of OpenAI, have joined Microsoft to lead this team, securing quick employment after their abrupt departure from one of the world’s fastest-growing technology companies.

Healthy companies led by competent, commercially successful and globally beloved founders generally don't tend to fire them. And, as Sam Altman walked on stage in San Francisco on Nov. 6, all those things could have described his role at OpenAI.

OpenAI’s board of directions recently made the decision to remove Sam Altman as CEO, and though there has been a power struggle to reinstate him back to his original position, the final verdict will remain unchanged. Mira Murati, OpenAI’s Chief Technology Officer, was said to be the company’s interim CEO, but now, a former Twitch Chief Executive will take that position.

Major investors in OpenAI, the company behind hugely popular ChatGPT, are working to orchestrate the return as CEO of Sam Altman, a leader in the AI revolution who was fired in a shock move Friday, US media reported Sunday.

In a big setback to efforts being made by Microsoft CEO Satya Nadella, it has been revealed that Sam Altman will not be returning to OpenAI. This was revealed by The Information's Jessica Lessin in an X post. Notably, talks were ongoing between the OpenAI board, Altman, Microsoft and the investors on getting the former CEO back. It was also revealed that the interim CEO, Mira Murati was making efforts to get Altman back to OpenAI.

In a shocking turn of events on November 17, OpenAI fired its CEO Sam Altman, who was also the face of the company. The ChatGPT creator sacked Altman saying that he has not been “consistently candid in his communications with the board”. Following this abrupt announcement, Greg Brockman, the president of the company, also resigned from his post. However, things did not bode well for OpenAI as reports claimed that its investors, namely, the Satya Nadella-led Microsoft, weren't happy with Altman's sacking, and asked the board to bring him back. To make matters worse, the company's employees also threatened a mass exodus if Altman and Brockman weren't brought back before 5:00 PM PT, but the deadline has long passed.

After turning the AI market upside down by ousting Sam Altman from OpenAI, reports suggest that the board may actually do a U-turn and reinstate him. The company's position is under threat as of now. Reports are also surfacing that the company's board might resign. Amid the rumors of his return, Altman was seen visiting Opena AI's San Francisco headquarters for talks on November 19.

In an unexpected turn of events, Sam Altman, the former CEO of OpenAI, has revealed plans for a new venture after parting ways with the renowned artificial intelligence company last Friday. The man did not seem to be affected by the unceremonious exit from a company that he co-created and built. Altman, who holds a prominent global position in the AI landscape, faced a controversial dismissal amid concerns raised by the board about his non-transparent activities. The decision to oust Altman was rooted in what the board deemed a lack of consistent transparency on his part, hindering the board's ability to fulfil its responsibilities effectively. As a result, confidence in Altman's leadership capabilities waned, leading to his departure from the helm of OpenAI. However, the board had sacked him without the presence of then President of AI, Greg Brockman. Brockman himself resigned thereafter, indicating his disapproval.

OpenAI's biggest investors are pressing the company to reinstate Sam Altman as chief executive officer after the board's stunning decision to fire him on Friday, according to people with knowledge of the matter. 

OpenAI's firing of Sam Altman followed wide-ranging disagreements between the chief executive officer and his board — in particular Ilya Sutskever, an OpenAI co-founder and the company's chief scientist — according to a person familiar with the matter. 

The torch bearer of Artificial Intelligence (AI) chatbots, OpenAI shocked everyone in the tech world after firing its iconic CEO Sam Altman. Altman was the one who established the brand name of OpenAI all over the world and made ChatGPT a household word. It was no wonder that he emerged as the face of AI globally. However, it seemed that back in his own company, there were many who did not agree with the way he was working and they managed to get him sacked with the majority in the board voting in favor of an ouster. Following the sacking of Altman, other people from the company resigned including President Greg Brockman. The move was not welcomed by many involved in the company though. Now, the board members of Open AI are under intense pressure from investors to take Altman back. Some reports are also suggesting that the board might resign in the upcoming days. Check out the series of events in this case that have happened and which are laying the grounds for the return of Altman:

Sam Altman, the just ousted CEO of OpenAI, is discussing a possible return to the company behind the ChatGPT bot even as he considers launching a new artificial intelligence (AI) venture, a person briefed on the matter said on Saturday.

Today, November 18, marked a day of shocking developments in the artificial intelligence space. In the first incident, the cofounder of OpenAI, Sam Altman, was sacked from the position of CEO of OpenAI by the company's board of directors. In the fallout of the decision, company president Greg Brockman also resigned from his position. In other news, Amazon announced it is trimming jobs at its Alexa voice assistant unit, citing shifting business priorities and a greater focus on generative artificial intelligence. This and more in today's AI roundup. Let us take a closer look.

In a surprising turn of events, OpenAI, the trailblazing artificial intelligence company, announced the dismissal of its co-founder and CEO, Sam Altman, on Friday. It is as shocking as it is surprising as Altman was the face of AI globally. The decision came after a controversial review by the board, revealing concerns about Altman's activities. The reason behind this controversial move was allegedly, the lack of consistent transparency on Altman's part, which, according to the company, impeded the board's ability to fulfill its responsibilities. Consequently, the board lost confidence in Altman's capacity to lead OpenAI into the future.

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

OpenAI, through a public announcement, sacked Sam Altman as the CEO of the company earlier today. The shocking move also witnessed the chairman of the board and company president Greg Brockman resigning thereafter. The OpenAI board has now appointed the chief technology officer (CTO) Mira Murati as the interim CEO, while the search for a suitable candidate to permanently fill the position is going on. But who is Mira Murati? Let us find out.

In a shocking turn of events, Sam Altman has been fired from his position as the chief executive officer (CEO) of OpenAI, as per an announcement by the company today, November 18. The reason behind laying him off was given as not being “consistently candid in his communications with the board”. As per the announcement, the decision was taken after a deliberative review process, however, the board found that it had lost confidence in him to lead the company. After the news of Altman being let go surfaced, president and cofounder of the company Greg Brockman has also resigned from his position. Altman was one of the earliest backers of the company when it launched in 2015.