BusinessPostCorner.com
No Result
View All Result
Saturday, June 13, 2026
  • 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

Sam Altman is officially reinstated as OpenAI’s CEO just two weeks after his ouster set off an ‘unprecedented’ firestorm

November 30, 2023
in Business
Reading Time: 2 mins read
A A
0
Sam Altman is officially reinstated as OpenAI’s CEO just two weeks after his ouster set off an ‘unprecedented’ firestorm
ShareShareShareShareShare

OpenAI said that Sam Altman was officially reinstated as chief executive officer of the company and it has a new initial three-member board of directors. 

The announcement Wednesday — a blog post penned by Altman — comes two weeks after the CEO’s shock firing from the artificial intelligence startup followed by an operatic boardroom power struggle.

OpenAI also said that Mira Murati, who had been chief technology officer until Altman’s ousting, when she was briefly named interim CEO, is once again the company’s CTO. 

Microsoft Corp., OpenAI’s largest investor, will join the board as a non-voting observer, OpenAI said in a statement. The board members are Bret Taylor, the former co-CEO of Salesforce Inc., who will be the chairman, Larry Summers, the former US Treasury Secretary, and Adam D’Angelo, a holdover from the previous board and the CEO of question-and-answer site Quora. 

“I have never been more excited about the future,” Altman said, adding that he is “extremely grateful for everyone’s hard work in an unclear and unprecedented situation.”

In a note accompanying Altman’s post, Taylor said the new board members will focus on building a “qualified, diverse board,” though he didn’t specify how many additional members it will include. Taylor also said the company will “enhance the governance structure of OpenAI.” The company has been criticized for a structure that allowed a nonprofit board to oust the company’s CEO without consulting its largest investors. 

Ilya Sutskever, OpenAI’s chief scientist and co-founder, was part of the board that fired Altman. Later, Sutskever said that he regretted his role in the CEO’s ouster. In the post Wednesday, Altman wrote that Sutskever won’t be a board member, but the company is “discussing how he can continue his work at OpenAI.”

Altman’s firing on Nov. 17 from the maker of the popular ChatGPT chatbot shocked the tech industry. That day, the board said in a statement that Altman was not “consistently candid” with OpenAI’s directors, “hindering its ability to exercise its responsibilities.”

The decision touched off a whirlwind five days at the company: OpenAI co-founder and president Greg Brockman quit in protest over Altman’s ouster. Murati became interim CEO, moved to re-hire Altman, and was soon replaced as CEO by the board. Meanwhile, nearly all of OpenAI’s roughly 770 employees signed a letter threatening to quit unless Altman was reinstated.

On Nov. 21, OpenAI said it reached a deal, in principle, to reinstate Altman as CEO and replace the board.

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

Forbes Asia Recognizes 15 Top Donors In 17th Annual Heroes Of Philanthropy List

Next Post

Elon Musk says advertising boycott will kill X

Next Post
Elon Musk says advertising boycott will kill X

Elon Musk says advertising boycott will kill X

Trump says he supports salary cap for Major League Baseball

Trump says he supports salary cap for Major League Baseball

June 6, 2026
XRP Price Prediction: Only BTC and XRP Have Survived the Top 10 Since 2014

XRP Price Prediction: Only BTC and XRP Have Survived the Top 10 Since 2014

June 8, 2026
Korea fines e-commerce giant 0m over data breach affecting millions

Korea fines e-commerce giant $400m over data breach affecting millions

June 11, 2026
Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45.

Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45.

June 10, 2026
Final piece of 'iconic' Denby Pottery signed

Final piece of 'iconic' Denby Pottery signed

June 9, 2026
World Cup expected to be the biggest betting event in history

World Cup expected to be the biggest betting event in history

June 10, 2026
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

Real star of the White House UFC fight may be the Claw: a behemoth cage constructed for the Octagon

Real star of the White House UFC fight may be the Claw: a behemoth cage constructed for the Octagon

June 13, 2026
More and more of Musk’s companies end up under the same roof. Here’s a look at his vast empire

More and more of Musk’s companies end up under the same roof. Here’s a look at his vast empire

June 13, 2026

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!