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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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US SEC investigating if OpenAI investors were misled: report
Economic Times
·
1y ago
Medial
The Securities and Exchange Commission (SEC) is investigating OpenAI and its CEO, Sam Altman, for potential misleading of investors. The SEC is specifically examining internal communications related to the case. This investigation adds to the regulatory scrutiny faced by OpenAI, a leading artificial intelligence research lab backed by big-name investors.
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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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OpenAI to name new board members in March: report
Economic Times
·
1y ago
Medial
OpenAI, the chatbot creator backed by Microsoft, plans to add new board members in March to resolve an ongoing dispute within the company. Former CEO Sam Altman was fired by the board in November but quickly returned shortly after. The new board, led by chair Bret Taylor, is actively searching for six members with expertise in technology, safety, and policy. Microsoft will hold a non-voting, observer position, while OpenAI investors are unlikely to get board seats. The U.S. Securities and Exchange Commission is examining internal communications related to Altman as part of an investigation into potential investor deception.
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OpenAI Chief Scientist Ilya should join Tesla or xAI: Musk
Inshorts
·
1y ago
Medial
OpenAI Chief Scientist Ilya Sutskever, who was on the board that fired CEO Sam Altman, should join Tesla or xAI, Elon Musk said. His remark comes on a report that claimed Ilya has become invisible at OpenAI since the return of Altman. In his first message after returning as CEO, Altman said, "Ilya will no longer serve on 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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SEC investigating whether OpenAI investors were misled
Livemint
·
1y ago
Medial
The U.S. Securities and Exchange Commission (SEC) is investigating whether OpenAI misled its investors, focusing on internal communications from CEO Sam Altman. The SEC issued a subpoena to OpenAI in December and has requested internal records from former and current officials. This probe follows Altman's firing in November, with the board citing his lack of consistency in communication. OpenAI, a nonprofit with a for-profit arm including Microsoft as an investor, recently closed a tender offer valuing the company at over $80 billion. This investigation adds to the legal challenges that OpenAI is facing.
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Microsoft CEO Satya Nadella suggests that Sam Altman might return to OpenAI
Startup News FYI
·
1y ago
Medial
Microsoft CEO Satya Nadella stated in interviews that there is a possibility for Sam Altman, recently fired as CEO of OpenAI, to return to the company in some capacity. This comes after Altman announced his intention to join Microsoft's new AI research team. Nadella expressed openness to both options and also highlighted the need for governance changes at OpenAI. Altman's potential return may be contingent on a change in the board's composition, with only two out of three remaining members needing to agree. OpenAI employees have called for Altman's reinstatement and board resignation.
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Ilya Sutskever did not attend OpenAI's party celebrating Sam Altman's return as CEO
Business Insider
·
1y ago
Medial
Ilya Sutskever, the chief scientist and co-founder of OpenAI, did not attend the impromptu party thrown by OpenAI staff to celebrate the return of Sam Altman as CEO. Sutskever was a key participant in the sudden ouster of Altman but has expressed regret for his actions. It remains uncertain if Sutskever will return to the company, as staff are unsure of his future involvement. Altman's negotiation for a possible return to OpenAI is ongoing.
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If Altman returns as CEO, OpenAI board will be gutted: Elon Musk
Economic Times
·
1y ago
Medial
Tech billionaire Elon Musk commented on the potential return of Sam Altman as the CEO of OpenAI, stating that if Altman does come back, the board will be "gutted." Musk made the comment in response to a screenshot posted on X, where an AI chatbot discussed the situation with Altman and his possible return. The OpenAI board is reportedly in discussions with Altman, who was previously fired, about him resuming the CEO role, with potential governance changes being considered.
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OpenAI board misses 5 pm deadline to resign, mass exodus of employees expected
Livemint
·
1y ago
Medial
The ousted CEO of OpenAI, Sam Altman, might return to the company as the board faces pressure to reinstate him. The board had initially agreed to allow Altman's return, but this arrangement appears to have fallen through. If Altman decides to leave and start his own venture, it is expected that many OpenAI employees will follow suit. Microsoft CEO Satya Nadella has expressed support for Altman, and there has been backlash against the OpenAI board for Altman's abrupt removal. There is speculation about potential changes in the company's governance or Altman launching a new venture with former OpenAI staff.
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