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OpenAI's Sam Altman Returns to Board After Investigation
Gizmodo
·
1y ago
Medial
Sam Altman will rejoin OpenAI's Board of Directors, months after being fired. Altman's firing in November caused employee protests, but an investigation found it was due to a loss of trust, not concerns about safety, development, or finances. Three new board members, including Sue Desmond-Hellmann and Nicole Seligman, have also been appointed, increasing the board's diversity. OpenAI's board has the responsibility of determining when the company achieves artificial general intelligence. The reasons behind Altman's firing remain unclear, but discussions are ongoing regarding the future of Chief Scientist Ilya Sutskever at the company.
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Sam Altman agrees to internal investigation after return to OpenAI
Outlook India
·
1y ago
Medial
Sam Altman, reinstated as CEO of OpenAI after his recent firing, has agreed to an internal investigation into his conduct, cited by the board as the reason for his ouster. The board mentioned Altman's lack of consistent candor, but no specific examples were provided. Altman, seeking more control, including the removal of the firing board, and other top OpenAI executives, will join Microsoft following Altman's termination. Microsoft plans to utilize OpenAI's technology in its products and has invested significantly in the company.
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Sam Altman and Greg seen back in OpenAI headquarters
Economic Times
·
1y ago
Medial
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.
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‘First and the last time…’: Sam Altman's ultimatum for returning to OpenAI
Livemint
·
1y ago
Medial
Sam Altman, former CEO of OpenAI, has hinted at a strict deadline for his return to the company and the removal of its board of directors. Altman and former Chairman Greg Brockman were unexpectedly ousted during a meeting. Altman has set a deadline of 5pm Pacific Time for his return and demands the removal of the existing board members who fired him. Microsoft, which owns a 49% stake in OpenAI, may take a role on the board if Altman returns. Microsoft and CEO Satya Nadella were reportedly blindsided by OpenAI's decision to remove Altman.
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Microsoft, other investors unlikely to get a seat on new OpenAI board
Livemint
·
1y ago
Medial
OpenAI is unlikely to offer a board seat to Microsoft and other investors, despite Microsoft being the biggest backer of OpenAI. Although Microsoft has invested over $10 billion and holds a 49% stake in the company, OpenAI's unusual governance structure limits Microsoft's influence. OpenAI recently went through a CEO change, rehiring Sam Altman, but did not grant him a seat on the board. Experts suggest that OpenAI's decision to prioritize security practices over investor returns may lead to Microsoft being excluded from the board.
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OpenAI investigation says it was wrong to fire Sam Altman
The Verge
·
1y ago
Medial
OpenAI CEO Sam Altman will be rejoining the board after an independent investigation found that his conduct "did not mandate removal." Altman survived a boardroom coup in November and will now resume his position. The investigation, conducted by law firm WilmerHale, concluded that Altman and co-founder Greg Brockman are the right leaders for OpenAI. The investigation summary provided limited details on the reasons for Altman's initial firing, referring to a breakdown in trust between the then-board and Altman. Altman apologized for his belief that a former board member was harming OpenAI, but did not elaborate further. OpenAI also announced the addition of three new board members and plans to strengthen conflict of interest policies and establish a whistleblower hotline.
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Did Sam Altman mislead OpenAI investors? US SEC investigating, says report
Livemint
·
1y ago
Medial
The US SEC is investigating whether OpenAI misled its investors, examining internal communications by CEO Sam Altman. The regulator has requested internal records from current and former company officials and directors and issued a subpoena in December. Altman was ousted as CEO and from the board in November, with the board stating he had not been consistently candid in his communications. The investigation follows tensions within OpenAI over Altman's fundraising for an external chip venture and a dispute with a former board member. OpenAI's board has pledged to strengthen corporate governance.
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Sam Altman will not return to OpenAI, Twitch's Emmett Shear is interim CEO
Economic Times
·
1y ago
Medial
Sam Altman will not return as CEO of OpenAI, as per reports. Emmett Shear, co-founder of Twitch, will serve as interim CEO. Altman's discussions about potential return and improvements in governance follow his recent firing, causing concerns among employees. Altman's abrupt removal could impact OpenAI's upcoming $86 billion share sale. Microsoft, the major backer, may take a board role if Altman returns, according to reports. The exact nature of Altman's role, if any, remains undisclosed.
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Microsoft's premature release of GPT-4 test in India contributed to Sam Altman's ouster from OpenAI: WSJ report
Economic Times
·
4m ago
Medial
OpenAI's CEO, Sam Altman, was dismissed due to undisclosed issues, with Microsoft's unauthorized testing of GPT-4 in India, without board approval, being a factor. The breach was not mentioned during a critical six-hour meeting. Altman returned shortly after, supported by employees and executives. Concerns also arose regarding OpenAI's Startup Fund and communication gaps, including the unannounced launch of ChatGPT, which impacted the board's trust and led to senior-level exits.
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Sam Altman on being fired and rehired by OpenAI
The Verge
·
2m ago
Medial
Sam Altman was rehired as OpenAI’s CEO after a brief, tumultuous boardroom coup. Initially defiant and emotional, he quickly decided to return due to his dedication to OpenAI’s mission of safe AGI and his commitment to the team. The board will conduct an independent review to understand the reasons behind his firing. Microsoft, OpenAI's biggest investor, is set to take a nonvoting board seat. Altman emphasized the company’s resilience and continued progress throughout the ordeal.
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OpenAI board approached Anthropic CEO Dario Amodei about top job and merger, he denied
Economic Times
·
1y ago
Medial
OpenAI's board approached Anthropic's CEO, Dario Amodei, about replacing ousted CEO Sam Altman and discussed a potential merger, sources say. Amodei declined both offers. After Altman's removal, there were calls for a successor. OpenAI declined to comment, and board member Adam D'Angelo did not respond. Ex-Twitch CEO Emmett Shear has accepted the role of interim CEO. Meanwhile, Altman and key OpenAI personnel are joining Microsoft. Almost all of OpenAI's 700 employees threatened to quit, and Anthropic's co-founders, former OpenAI executives, have diverged on AI development and governance.
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