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Why is Microsoft supporting Sam Altman's bid to return as OpenAI CEO?

Livemint

Livemint · 1y ago

Why is Microsoft supporting Sam Altman's bid to return as OpenAI CEO?

Microsoft is actively supporting the reinstatement of Sam Altman as the CEO of OpenAI, following his sudden removal by the board. Microsoft's CEO, Satya Nadella, has pledged his support for Altman and is leading negotiations to bring him back to the company. Microsoft has a significant stake in OpenAI and has utilized their technology to improve its own products. There are ongoing discussions regarding Microsoft's potential role on the board if Altman returns as CEO. The board is currently searching for a different CEO while Altman negotiates his return.

Related News

Sam Altman Joins Microsoft

The Verge

The Verge · 1y ago

Sam Altman Joins Microsoft

Former OpenAI CEO Sam Altman, dismissed by the board due to a lack of confidence, is now joining Microsoft's new advanced AI research team alongside co-founder Greg Brockman. Despite negotiations for Altman's return to OpenAI failing, Microsoft CEO Satya Nadella announced their appointments, expressing excitement about the new AI team. OpenAI's interim CEO, Emmett Shear, replaces Mira Murati. Altman had negotiated to return as CEO, but OpenAI's board remained unchanged, prompting his move to Microsoft.

Sam Altman will not return to OpenAI, Twitch's Emmett Shear is interim CEO

Economic Times

Economic Times · 1y ago

Sam Altman will not return to OpenAI, Twitch's Emmett Shear is interim CEO

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.

Microsoft CEO Satya Nadella suggests that Sam Altman might return to OpenAI

Startup News FYI

Startup News FYI · 1y ago

Microsoft CEO Satya Nadella suggests that Sam Altman might return to OpenAI

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.

OpenAI board misses 5 pm deadline to resign, mass exodus of employees expected

Livemint

Livemint · 1y ago

OpenAI board misses 5 pm deadline to resign, mass exodus of employees expected

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.

We don't own any part of OpenAI: Microsoft on UK regulator's probe

Inshorts · 1y ago

We don't own any part of OpenAI: Microsoft on UK regulator's probe

Microsoft doesn't own any portion of OpenAI and is only entitled to a profit share, a spokesperson said. This comes after UK's antitrust regulator said it'll review Microsoft and OpenAI's partnership. Microsoft President Brad Smith further said the only thing that changed following OpenAI CEO Sam Altman's return is that "Microsoft will now have a non-voting observer on OpenAI's board".

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.

Emmett Shear, who ran OpenAI for 72 hours before Sam Altman's return was confirmed, says he's 'deeply pleased' about the news

Business Insider

Business Insider · 1y ago

Emmett Shear, who ran OpenAI for 72 hours before Sam Altman's return was confirmed, says he's 'deeply pleased' about the news

Emmett Shear, who briefly served as interim CEO of OpenAI, will step aside as Sam Altman returns to the role he was ousted from. Shear confirmed Altman's return and expressed his satisfaction with the outcome. Shear had taken on the position amidst a revolt by OpenAI employees who demanded Altman's reinstatement. Microsoft, OpenAI's largest investor, also played a role in the negotiations. A new board has been formed, including Bret Taylor, Larry Summers, and Adam D'Angelo. Shear's future involvement with OpenAI is uncertain.

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.

Ilya Sutskever did not attend OpenAI's party celebrating Sam Altman's return as CEO

Business Insider

Business Insider · 1y ago

Ilya Sutskever did not attend OpenAI's party celebrating Sam Altman's return as CEO

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.

Sam Altman, Greg Brockman to join Microsoft, will lead advanced AI research team: Satya Nadella

Economic Times

Economic Times · 1y ago

Sam Altman, Greg Brockman to join Microsoft, will lead advanced AI research team: Satya Nadella

Sam Altman and Greg Brockman, former OpenAI co-founders, will be leading a new advanced AI research team at Microsoft, according to CEO Satya Nadella. Altman's appointment comes after his ouster from OpenAI, resulting in the appointment of Emmett Shear as interim CEO. Microsoft remains committed to its partnership with OpenAI and looks forward to working with Shear and the new leadership team at OpenAI. Altman's dismissal from the board of the artificial intelligence startup created ripples in the tech industry.

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