Top Stories
Sam Altman’s return to OpenAI: tracking the Silicon Valley upheaval
Global Banking & Finance Review®
Company
(Reuters) -OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center of the global artificial intelligence boom.
(Reuters) -OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center of the global artificial intelligence boom.
Following his surprise dismissal on Friday, Altman had briefly 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 a generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names.
Date Event
Nov. 17 OpenAI board fires CEO, co-founder Sam Altman and President Greg Brockman quits after being removed from the board. Company names Mira Murati as interim CEO
Nov. 18 Altman’s firing was over a “breakdown in communication between Sam and the board,” andnot “malfeasance”, COO Brad Lightcap says in an internal memo
Nov. 18 Early investor Khosla Ventures says it wants Altman back at OpenAI, “but will back him in whatever he does next”
Nov. 18 Some employees contemplated quitting if Altman was not restored as CEO by the end of the weekend, while others expressed support for joining his new venture, people familiar with the matter said
Nov. 19 Altman discusses a possible return to the company, considers launching new AI startup, source tells Reuters
Nov. 20 Microsoft CEO Satya Nadella says the Windows maker has hired Altman, Brockman and their colleagues to lead a new advanced AI research team
Nov. 20 OpenAI appoints former Twitch boss Emmett Shear as interim CEO. Shear pledges probe into Altman’s exit. OpenAI board approaches rival Anthropic’s CEO on merger, for taking top job, sources say
Nov. 20 Nearly all OpenAI staff threaten to quit and join Altman at Microsoft if board doesn’t resign, according to a letter seen by Reuters
Nov. 20 Some investors in OpenAI explore legal recourse against the company’s board, sources familiar with the matter told Reuters
Nov. 21 OpenAI said Altman will return as CEO with a new initial board of Bret Taylor, Larry Summers, and Adam D’Angelo. Brockman will also returning to the startup.
(Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta and Nivedita Bhattacharjee)
Artificial Intelligence (AI) refers to the simulation of human intelligence in machines that are programmed to think and learn like humans, enabling them to perform tasks such as problem-solving and decision-making.
An investment is the act of allocating resources, usually money, in order to generate income or profit. Investments can take various forms, including stocks, bonds, real estate, and business ventures.
Explore more articles in the Top Stories category
