BusinessPostCorner.com
No Result
View All Result
Sunday, May 25, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

Latest on OpenAI shakeup and ousting of CEO Sam Altman

November 19, 2023
in Business
Reading Time: 2 mins read
A A
0
Latest on OpenAI shakeup and ousting of CEO Sam Altman
ShareShareShareShareShare

On the Friday afternoon before Thanksgiving week, a bolt of thunder crashed into the tech world: OpenAI CEO Sam Altman had been fired. The OpenAI board of directors said Altman was fired from the company he cofounded because “he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities,” and appointed CTO Mira Murati to step in as interim CEO.

But it was very quickly clear that there was more to the story. Microsoft, which has invested $13 billion in OpenAI and infused its technology throughout its products, appeared caught off guard by the news. And OpenAI President Greg Brockman resigned a few hours after the Altman announcement, as did several other important employees.

It’s a remarkable turn of events for OpenAI, the company that ignited the generative AI boom when it launched ChatGPT in November 2022, and for Altman, who has been the face of AI since then. Speculation is rife about what caused the board to fire Altman so suddenly, what Altman and Brockman will do next—including whether the pair might be rehired by OpenAI in a last-minute twist—and what this means for Microsoft and the rest of the AI industry.

Here’s the latest:

The OpenAI board is reportedly in discussions with Altman about bringing him back as CEO, according to a report in The Verge on Saturday afternoon, citing multiple anonymous sources. Altman is “ambivalent” about returning to the startup, and would insist on major changes in corporate governance if he accepted, the report said.

A group of OpenAI investors are plotting a pressure campaign to force the company to re-install Altman as CEO, according to report by Forbes. The plan involves investors teaming up with Microsoft to threaten lawsuits and withholding of computing resources, multiple anonymous sources told Forbes. It’s unclear if the pressure campaign reported by Forbes is connected to the board discussions with Altman reported by The Verge.

Altman and Brockman are pitching a new AI startup to investors, the New York Times reported on Saturday, citing three anonymous sources. Altman and Brockman were busy sketching out the vision for the new company on Friday night, and discussing which of their former colleagues to include, according to the report.

Here are the key chapters to the OpenAI shakeup so far:

Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up for free.

Credit: Source link

ShareTweetSendPinShare
Previous Post

There’s Still Time Left To Claim Your Stimulus Checks

Next Post

OpenAI investors push to reinstate Sam Altman as CEO

Next Post
OpenAI investors push to reinstate Sam Altman as CEO

OpenAI investors push to reinstate Sam Altman as CEO

On the move: MassCPAs adds 19 to board of directors

On the move: MassCPAs adds 19 to board of directors

May 23, 2025
US House passes Trump’s showpiece tax bill

US House passes Trump’s showpiece tax bill

May 22, 2025
Qakbot Malware Developer’s M in Crypto Seized – Is a Bigger DOJ Crackdown Coming?

Qakbot Malware Developer’s $24M in Crypto Seized – Is a Bigger DOJ Crackdown Coming?

May 23, 2025
Dow futures drop 250 points and Treasury yields jump after Moody’s downgrades U.S. debt

Dow futures drop 250 points and Treasury yields jump after Moody’s downgrades U.S. debt

May 18, 2025
AML Agency Tells Russians: Crypto Exchanges Send Us Your Transaction Data

AML Agency Tells Russians: Crypto Exchanges Send Us Your Transaction Data

May 20, 2025
Fortune’s 2025 Most Powerful Women list is here

Fortune’s 2025 Most Powerful Women list is here

May 20, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

AI is ‘breaking’ entry-level jobs that Gen Z workers need to launch careers, LinkedIn exec warns

AI is ‘breaking’ entry-level jobs that Gen Z workers need to launch careers, LinkedIn exec warns

May 25, 2025
King Charles to walk diplomatic high wire with Ottawa speech

King Charles to walk diplomatic high wire with Ottawa speech

May 25, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!