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Microsoft was preparing its San Francisco offices with MacBooks and HR on standby to welcome defecting OpenAI employees, then Sam Altman rejoined as CEO

Business Insider

Business Insider · 1y ago

Microsoft was preparing its San Francisco offices with MacBooks and HR on standby to welcome defecting OpenAI employees, then Sam Altman rejoined as CEO

Microsoft made preparations to welcome OpenAI employees who were planning to quit after CEO Sam Altman's departure. They had organized space at their San Francisco offices and were getting MacBook laptops ready for the incoming employees. However, this may no longer be necessary as Altman has returned as the CEO of OpenAI. Microsoft had invested over $10 billion in the AI firm and owns 49% of it. Altman's return was supported by Microsoft's CEO Satya Nadella, and they plan to continue building on their strong partnership.

Related News

Tiger Global-backed Innovaccer set to onboard new investor

VCCircle

VCCircle · 1y ago

Tiger Global-backed Innovaccer set to onboard new investor

Healthcare-technology startup Innovaccer, backed by Tiger Global and other prominent global investors, is preparing to welcome a new international investor. The San Francisco-based company is set to secure additional funding to support its innovative solutions in the healthcare industry.

Elon Musk's X is leaving San Francisco; city officials say 'good riddance'

Economic Times

Economic Times · 1y ago

Elon Musk's X is leaving San Francisco; city officials say 'good riddance'

Elon Musk is closing the San Francisco headquarters of his social media company, X, and moving its employees to offices in Palo Alto and San Jose, California, with new headquarters set to be established in Texas. San Francisco officials are not upset about the departure of X, as the company had changed significantly since its initial tax break to anchor the tech hub in the city's Mid-Market neighborhood. The acquisition of X by Musk and subsequent job cuts due to the pandemic had diminished the company's presence in San Francisco.

Sam Altman has a coyote problem at his $27 million San Francisco home

Business Insider

Business Insider · 1y ago

Sam Altman has a coyote problem at his $27 million San Francisco home

Sam Altman, CEO of OpenAI, is facing an unusual problem at his $27 million San Francisco home - a coyote has taken up residence and scratches on the door. While coyotes are not uncommon in urban areas like San Francisco, incidents of human-coyote conflicts and sightings have been on the rise. Altman and his fiancé have shared photos of the coyote peering through windows and lounging on the patio. The situation highlights the presence of wildlife in urban environments and the need for proper precautions.

Tech Leaders Fled San Francisco During the Pandemic. Now, They’re Coming Back.

Livemint

Livemint · 1y ago

Tech Leaders Fled San Francisco During the Pandemic. Now, They’re Coming Back.

Venture capitalist, Keith Rabois, touted Miami as a better alternative to San Francisco due to safety, lower taxes, and a tech-friendly mayor. However, several startups he backed are now relocating or opening offices elsewhere to attract engineering talent. Despite an initial trend of Silicon Valley executives moving to sunnier American cities during the pandemic, San Francisco is witnessing a tech revival. Investment in Bay Area startups dropped less than other tech hubs like Austin and Los Angeles. Tech leaders are returning to San Francisco, recognizing its AI boom and maintaining a presence for its ecosystem and brainpower.

Sam Altman is getting into the transition team game — for San Francisco's newly elected mayor

Business Insider

Business Insider · 9m ago

Sam Altman is getting into the transition team game — for San Francisco's newly elected mayor

Tech executive Sam Altman has been selected to co-chair the transition team for San Francisco's mayor-elect Daniel Lurie. As co-chair, Altman will offer guidance on addressing the city's drug and homelessness problems. Altman, CEO of OpenAI, joins other transition team members with backgrounds in local government and nonprofits. Altman's involvement in the political arena follows a donation he made to current San Francisco Mayor London Breed in 2018. Altman's role in Lurie's administration is unclear at this time.

OpenAI's Sam Altman becomes latest tech executive involved in San Francisco government

Economic Times

Economic Times · 9m ago

OpenAI's Sam Altman becomes latest tech executive involved in San Francisco government

OpenAI CEO Sam Altman has been appointed as one of seven co-chairs of San Francisco Mayor-elect Daniel Lurie's transition team. This move reflects a trend of former tech industry leaders becoming involved in the city's government. Altman's role comes amidst tensions between the city's tech industry and its struggles with drugs, homelessness, and economic recovery post-pandemic. The new mayor will face the challenge of resolving these issues, and Altman expressed his excitement to contribute to the city he loves. Other tech executives have also embraced the opportunity to address San Francisco's problems using their industry's skills.

OpenAI's CEO returns to political fundraising

Economic Times

Economic Times · 5m ago

OpenAI's CEO returns to political fundraising

Sam Altman, CEO of OpenAI, is returning to political fundraising despite previously stepping back due to his growing profile. After engaging with the Trump administration and pausing large political donations, Altman is hosting a fundraiser in San Francisco for Democratic Senator Mark Warner. The event focuses on artificial intelligence, with Warner being influential in tech policy. Tickets for the March event range from $1,000 to $22,000, marking Altman’s re-engagement in political contributions.

Sam Altman and Greg seen back in OpenAI headquarters

Economic Times

Economic Times · 1y ago

Sam Altman and Greg seen back in OpenAI headquarters

Ousted OpenAI CEO Sam Altman and former President Greg Brockman were present at the company's San Francisco headquarters, raising discussions about Altman's potential return. Altman is considering both a return to OpenAI and launching a new AI venture. Microsoft, OpenAI's major backer, may take a board role if Altman returns. Altman's abrupt removal prompted concerns among employees about the impact on the company's upcoming $86 billion share sale. Brockman, who resigned from the board and the company, also returned to the office. The exact nature of Altman's role, if he returns, remains undisclosed.

There’s going to be a movie about OpenAI CEO Sam Altman’s ouster (and subsequent rehire).

The Verge

The Verge · 2m ago

There’s going to be a movie about OpenAI CEO Sam Altman’s ouster (and subsequent rehire).

Amazon MGM Studios is reportedly planning a movie about OpenAI CEO Sam Altman’s temporary ouster in November 2023 and his subsequent rehire, which led to the departure of nearly all involved board members. Luca Guadagnino is in discussions to direct, and Andrew Garfield is in talks to play Altman. Filming may begin this summer, with locations in San Francisco and Italy.

SaaS startup Atomicwork raises $25 million in round led by Khosla Ventures, Z47

Economic Times

Economic Times · 7m ago

SaaS startup Atomicwork raises $25 million in round led by Khosla Ventures, Z47

Atomicwork, a SaaS startup, secured $25 million in funding led by Khosla Ventures and Z47, with participation from Battery Ventures, Blume Ventures, and Peak XV Partners. The funds aim to scale enterprise AI agents and expand market efforts. Founded in 2022, the San Francisco and Bengaluru-based firm automates IT, HR, and finance workflows to enhance productivity and reduce costs. Co-founders have notable backgrounds, including roles in Freshworks and Minjar, the latter acquired by Nutanix.

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