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In November 2023, OpenAI fired its CEO Sam Altman out of nowhere. No warning. No leaks. Just gone. 4 days later? He was back. Microsoft stepped in. Employees revolted. It was the craziest 96 hours in Silicon Valley history. On November 17, OpenAIโs board (the small group that controls the company) said: โSam Altman is no longer CEO.โ No one knew this was coming. Not even Sam. They gave a strange reason: He wasnโt being โfully honestโ with them. Sam was shocked. He found out just a few minutes before the news was made public. Greg Brockman, OpenAIโs cofounder and president, was also surprised. He wasnโt part of the decision. Greg quit right after. Others started to quit too. At the time, the OpenAI board had just 4 voting members: Ilya Sutskever (Chief Scientist) Adam DโAngelo (runs Quora) Helen Toner (studies AI policy) Tasha McCauley (tech entrepreneur) They thought Sam was moving too fast with AI. The board wanted to slow down. They worried about safety. But many people at OpenAI thought Sam was doing a great job. They believed he was the heart of the company. So, the team started to fight back. Over 700 of OpenAIโs 770 employees signed a letter. It said: โBring Sam back, or we quit.โ Even Ilya, one of the board members who helped fire Sam, changed his mind. He said he was sorry and also wanted Sam back. Microsoft the biggest investor in OpenAI. They had put over $10 billion into the company. Their CEO, Satya Nadella, made a big move: He offered Sam and his whole team new jobs at Microsoft. Satya said: โIf OpenAI wonโt keep you, we will.โ He promised to help Sam build a brand-new AI lab inside Microsoft. Now the board was in trouble. Everyone staff, investors, and even the public โwas against them. The board had to act fast. They started talking to Sam again. On November 21, news came out that he might come back. And on November 22, it was official โ Sam Altman was CEO again. Only 4 days had passed. The board didnโt stay the same though. 3 of the people who voted to fire Sam were removed. Only Adam DโAngelo stayed. New board members were brought in to help rebuild trust: โ Bret Taylor (former co-CEO of Salesforce) โ Larry Summers (former U.S. Treasury Secretary) Greg Brockman also came back. The employees stayed. The company survived. Microsoft didnโt lose anything. In fact, they became even closer to OpenAI. Some people said it was about safety. Others said it was about control. But in the end, the message was clear: Leaders matter. People matter. Trust matters. And even big tech companies can break or bounce back in just a few days.
Believe in yourselfย โขย 1y
Sam Altman is considering turning OpenAI into a regular company: Sam Altman, CEO of OpenAI, is thinking about changing OpenAI from a "capped-profit" structure to a regular, for-profit company. OpenAI currently operates with a for-profit branch gover
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Paul Graham, cofounder of Y Combinator, clarified that Sam Altman was not fired from his role as president of Y Combinator in 2019. Altman chose to leave to fully commit to his position as CEO of OpenAI after OpenAI announced a shift to a "capped-pro
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The Institute of Chartered Accountants of Indiaย โขย 6m
Y Combinator Announces its First AI Startup School The event will feature leaders including Tesla CEO Elon Musk, OpenAI CEO Sam Altman, OpenAI co-founder Andrej Karpathy, and World Labs CEO Fei-Fei Li, among others, who will share insights on buildi
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