Sam Altman is back on the conference circuit and touting AI's benefits to humanity, days after regaining the lead at the world's best-known artificial intelligence startup.
30.11.2023 - 07:55 / tech.hindustantimes.com / Sam Altman / Ilya Sutskever
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.
A memo, which was shared by Altman with his employees about his comeback as CEO and future plans for the company, was reported by The Verge. In the memo, Altman said, “I have never been more excited about the future. I am extremely grateful for everyone's hard work in an unclear and unprecedented situation, and I believe our resilience and spirit set us apart in the industry. I feel so, so good about our probability of success for achieving our mission.”
Altman further discusses the role of Ilya Sutskever, OpenAI's co-founder and chief scientist, as he means no harm to Ilya and they are currently discussing his role in the company as he was also sacked from OpenAI's board team.
Satya Nadella expressed his concern over the OpenAI board during which he said, “At this point, I think it's very clear that something has to change around the governance.” He further added that Microsoft would have “a good dialogue with their board on that.” quoted by CNBC.
Now, The Verge reported that Microsoft will be OpenAI's new non-voting observer on the nonprofit board. The company revealed the news on Wednesday with new board members - Chair Bret Taylor, Larry Summers, and Adam D'Angelo. D'Angelo was also part of the four board members who wanted to sack Altman but seems like he is not losing his position on the OpenAI board. Now, Mircosoft also joins the seat, however, its role on the board will be silent as it can observe all the OpenAI plans and decisions but it can not cast its active vote on any of the things the company plans to decide.
Microsoft already holds a big stake in OpenAI as it is the major investor with a 49 percent stake in the AI firm. However, so far Microsoft refrained from taking a seat on the board. Now, the partnership is expected to go deeper and stronger with the new move made by OpenAI.
Sam Altman is back on the conference circuit and touting AI's benefits to humanity, days after regaining the lead at the world's best-known artificial intelligence startup.
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.
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.
Are you looking to showcase your brand in front of the brightest minds of the gaming industry? Consider getting a custom GamesBeat sponsorship. Learn more.
The OpenAI saga appears to be coming to a conclusion with one final twist, as OpenAI has just announced that Sam Altman will be returning to the company as the CEO. Alongside, he will also get a new board to work with. This means that he will not be joining Microsoft CEO Satya Nadella to lead his AI research team, as announced by him earlier. The move comes after reports of mass resignation came from within the company with as many as 500 employees demanding Altman be reinstated. This would also mean that the tenure of interim CEO Emmett Shear comes to an end. It is not clear whether Greg Brockman will join the CEO to return to OpenAI.
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.
Following the removal of Sam Altman as the OpenAI CEO, the path to pick the right candidate to fill the position was not easy for the board members and they looked to be in an unseemly rush. Soon after the firing, Mira Murati joined as the interim CEO, however, after the news of Altman joining Microsoft was announced, the employees, including Murati, wanted to reinstate Sam Altman and they threatened mass resignations from the company. But to everyone's shock, he refused to come back unless the OpenAI board of directors were sacked.