The Doomed mission behind Sam Altman's shock ouster from OpenAI

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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.

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

OpenAI said on Tuesday it had reached an agreement for Sam Altman to return as CEO days after his ouster, capping frenzied discussions about the future of the startup at the center of the artificial intelligence boom.

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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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.

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. 

Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees.