This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
21.11.2023 - 08:19 / tech.hindustantimes.com / Sam Altman / Mira Murati / Greg Brockman
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.
But if this saga has left you bamboozled, then you need to know the protagonists of this entire show and the role they played in bringing about this cataclysmic event. Let us take a look.
There have been a lot of rumors and claims on what was the real reason behind the sudden sacking of the person who turned into a ‘superstar' in the field of artificial intelligence (AI). The official reason the OpenAI board gave, however, was a lack of consistency in candidly communicating with the board.
Reports suggest that Altman was fired over a video meeting and the public announcement was made within the hour. An ousted Altman then posted a joint statement with then OpenAI President Greg Brockman, who also left the company. While many thought that would be the end of the story, it turned out that the interim CEO Mira Murati, and about 500 staffers of OpenAI led an internal protest threatening to leave the company if Altman was not reinstated. Altman also reportedly said that he would join back only if was if all the board of directors were removed. He gave a deadline for it too - twice. Nothing came of it. Once again, people believed this was the end of the story.
But one more twist was left. Microsoft CEO Satya Nadella came out of nowhere and offered Altman and Brockman a position in the company, asking them to lead the entire AI division. Reports even suggested that Altman could become a part of the same OpenAI board with Microsoft demanding a seat on the table.
But now, once again, it appears that Altman may return to OpenAI.
Brockman played the role of the perfect friend, who resigned right after Altman's firing became known to him, although one influencing factor would also be him being removed as the chairman of the board. However, OpenAi board did say that Brockman could stay on as the president. Brockman later posted a joint statement highlighting how unfairly they were treated. At present, his status remains as unclear as Altman's.
Sutskever traversed an entire redemption arc in just four days, starting with being the face of evil who led the summary firing of Altman and removal of Brockman from his post. His involvement in the saga for the next 2 and a half days is not clear,
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.
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.
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.
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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.
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.