Over the weekend, news about OpenAI, the most prominent AI company at present, has been continuously emerging. OpenAI’s board decided to fire its CEO, Sam Altman, creating quite a stir. Altman received an offer to work with Microsoft as the head of their new research team, but this deal was not finalized. In fact, OpenAI now announces that Sam Altman is once again the CEO of OpenAI, and the board will be chaired by new members.
What has transpired at OpenAI is a memorable event, as we are dealing with the company that created ChatGPT, which enjoys immense popularity. Sam Altman, the company’s CEO, is considered the mastermind behind this chatbot, along with other senior executives and employees. However, there was a significant mishap when OpenAI unexpectedly decided to dismiss Altman from his position.
OpenAI announces that Sam Altman will return as CEO of the company
An agreement in principle has been reached for Sam Altman to return to OpenAI as CEO, with a new initial board comprising Bret Taylor (Chair), Larry Summers, and Adam D’Angelo.
The collaboration is currently in the process of working out the details. Thank you so much for your patience through this.
— OpenAI (@OpenAI) November 22, 2023
OpenAI’s story took a turn when Microsoft seized the opportunity to hire Altman as a chief AI researcher. Although Sam Altman’s fate seemed decided, it is worth recalling that Microsoft indicated that the agreement was not finalized and could be altered at any time. Indeed, Altman has now returned to his former company, which had fired him just a few days prior.
OpenAI has publicly announced that Sam Altman will once again serve as the company’s CEO. In the tweet’s replies, we see that Greg Brockman is also returning to OpenAI. In addition, the board members will change, with the council being chaired by Bret Taylor, former CEO of Salesforce and Twitter’s director before its acquisition by Musk. Other high-ranking board members include Larry Summers, former US Treasury Secretary under President Obama, and Adam D’Angelo, co-founder and CEO of Quora.
Employees and investors put enormous pressure on OpenAI
OpenAI’s decision to bring Sam Altman back as CEO was driven by the immense pressure exerted on the matter. The AI company had much to lose if it did not make this choice, as employees had threatened to join Microsoft if Altman did not return. Investors also threatened to sue the company due to the situation created by expelling the CEO.
There was a moment when we believed that OpenAI might lose its entire reputation or even cease to exist. When Altman was fired, it appeared that Microsoft would take its employees to form an elite AI team. Meanwhile, the company was in chaos, changing CEOs almost daily, and the latest former Twitch CEO did not last long as Altman has returned to his position. Interestingly, Ilya Sutskever, co-founder and chief scientist, who decided to expel Altman, apologized and wanted him to be reinstated, regretting his decisions.
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