Finance

Altman will no longer be OpenAI CEO after all


capped noisy Over OpenAI weekend, investors and a group of employees tried to convince the company’s board to rehire former Y Combinator president Sam Altman shooting Altman will not return as CEO on Friday, according to a person familiar with the matter. Report in the message.

Citing an internal memo sent by OpenAI board director and co-founder Ilya Sutskever, Altman decided to abandon negotiations at least temporarily. As the search for a new permanent CEO continues, OpenAI has appointed Emmett video streaming site Twitch co-founder Shear as interim CEO, replacing Mira Murati, who only served for two days.

It is said that Mulati strongly advocate Altman and plans to hire him in some way, even as the board vets potential new CEOs, potentially in relation to her successor. We’ve reached out to OpenAI for comment and will update this article if we hear back.

This latest development threatens to worsen an already precarious situation for OpenAI, with its board facing pressure After Altman was fired, all parties changed course without input from some of their biggest stakeholders.

On Friday night, the board decided to remove Altman and demote OpenAI president and co-founder Greg Brockman. devotedfrom his position as chairman of the board – reportedly angering Microsoft CEO Satya Nadella, main OpenAI supporters and partner(Nadella is said to have played a key mediating role between the board and Altman and has pledged to support Altman regardless of the outcome.) special Tiger Global, Sequoia Capital and Thrive Capital— Recruited Microsoft helped pressure the board to bring Altman and Brockman back while also considering lawsuits against board members.

At the same time, OpenAI executives and rank-and-file employees allied with Altman announced their withdrawal. Following Brockman, three senior researchers at OpenAI also left, including research director Jakub Pachocki and readiness lead Aleksander Madry. Others threatened to quit without reinstatement if both Altman and Brockman quit.

So what’s causing all the confusion? A clash of ideas.

Sutskever said at the company’s all-hands meeting on Friday that he believed Altman’s firing was “necessary” to protect OpenAI’s mission of “making artificial intelligence good for humanity,” a sign that Altman’s business ambitions for the company were beginning to unsettle boardroom advocates. This was confirmed over the weekend; Sutskever It is said “Outraged” by a series of announcements at DevDay, OpenAI’s first annual developer conference, such as a custom GPT that OpenAI said might one day run autonomously

Altman reportedly required OpenAI to make “significant” management changes and a new board of directors as a condition of returning; Wall Street Journal Report Altman told colleagues it was “ridiculous” that major shareholders have no say in OpenAI’s governance. Salesforce co-CEO Bret Taylor and a member aligned with Microsoft are said to be considering joining the new board. or board observer).

Emily Chang, Bloomberg Report Microsoft wasn’t happy with Sunday night’s results — no surprise there. OpenAI’s instability caused Microsoft’s stock price to fall 1.7% on Friday, wiping out nearly $47 billion in market value.





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