Sam Altman to Return As OpenAI CEO

Reuters2023-11-22

SAN FRANCISCO, Nov 21 (Reuters) - OpenAI on Tuesday said it 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.

In addition to Altman's return, the company agreed in principle to partly reconstitute the board of directors that had dismissed him. Former Salesforce co-CEO Bret Taylor and former U.S. Treasury Secretary Larry Summers will join Quora CEO and current director Adam D'Angelo, OpenAI said.

Sam Altman said in a post on X "i'm looking forward to returning to openai."

His return caps a tumultuous weekend that saw Altman agree to move to OpenAI's financial backer Microsoft (MSFT.O) to head a new research team there. That followed a rejection by OpenAI's board of his first attempt to return to the startup, on Sunday, by naming ex-Twitch boss Emmett Shear as interim CEO.

In a post on X, Shear celebrated the late-night outcome Tuesday, which he said followed "~72 very intense hours of work."

Altman's dismissal had brought uncertainty for both OpenAI and Microsoft, which had moved quickly to control damage over the weekend by vowing to hire him and Greg Brockman, president of the startup.

Brockman, who had quit after Altman was ousted, said in a post on X that he was "getting back to coding tonight."

Nearly all of OpenAI's more than 700-strong staff on Monday had threatened to leave unless the board stepped down and reinstated Altman and Brockman, according to a letter reviewed by Reuters.

In a statement on X, Microsoft CEO Satya Nadella welcomed the changes to OpenAI's board.

"We believe this is a first essential step on a path to more stable, well-informed, and effective governance," he said.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • xXxZealandxXx
    2023-11-22
    xXxZealandxXx
    [LOL]  [LOL]  [LOL]  
  • setia100
    2023-11-22
    setia100
    Sounds very much like Steve Jobs story❗Can OpenAI emulates AAPL success ❓🤔
  • Sandyboy
    2023-11-22
    Sandyboy
    It's completely crazy and does not augur well for the company.
  • taiku69
    2023-11-22
    taiku69
    GREAT
  • Tongdadd
    2023-11-22
    Tongdadd
    Merry-Go-Round. This is a joke. So much politics within a startup is unhealthy. 
  • neo26000
    2023-11-22
    neo26000
    Money not enough ...enough said.
Leave a comment
8
6