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Sam Altman to be reinstated as the CEO of OpenAI
https://www.whatjobs.com/news/usa/us-business-news/sam-altman-to-be-reinstated-as-the-ceo-of-openai
By Nithya Bose in US business news, posted November 22, 2023
Sam Altman has agreed to return as OpenAI CEO just days after his abrupt removal, which led to internal unrest and a potential exodus of employees.
The company said: “We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board.
It added Bret Taylor, a former co-CEO of Salesforce, will chair the board.
Read More: OpenAI Faces Staff Exodus Following Sam Altman’s Ousting
Other members are Quora CEO Adam D’Angelo and former Treasury Secretary Larry Summers.
The chaotic sequence of events began with Altman's sudden firing, attributed to his alleged lack of candor with the board.
Speculation about the motives behind his removal included tensions regarding the pace of artificial intelligence (AI) development.
Altman advocated for a more aggressive approach compared to the cautious stance of the original OpenAI board.
Initially, Altman and Greg Brockman, another co-founder, were set to join Microsoft to lead a new AI research division.
Read More: Former OpenAI Boss Sam Altman Returns To Headquarters After Being Fired
However, the unexpected upheaval prompted OpenAI employees to threaten mass resignations if the firm didn't reinstate Altman.
Amid the turmoil, the company appointed former Twitch chief executive Emmett Shear as the interim CEO.
Altman's return signals a resolution to the internal crisis, with Brockman also returning to OpenAI.
Microsoft, a major financial backer of OpenAI, emerges as a significant beneficiary, gaining more influence over the AI company.
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“We believe this is a first essential step on a path to more stable, well-informed, and effective governance”
Microsoft CEO Satya Nadella said: “We are encouraged by the changes to the OpenAI board.
“We believe this is a first essential step on a path to more stable, well-informed, and effective governance.”
Before Altman’s reinstatement, Microsoft had started arrangements for hundreds of OpenAI employees at its LinkedIn offices in downtown San Francisco.
It’s approximately two miles away from OpenAI's headquarters.
In a recent turn of events, Microsoft CTO Kevin Scott proposed to match compensation for OpenAI employees threatening to resign after the unexpected removal of Sam Altman.
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Altman's vision for rapid AI tool deployment and commercialization appears to have prevailed.
It also aligns with his recent efforts to make ChatGPT-like technology accessible and work towards a partnership with Microsoft.
Despite Altman's public caution about AI risks, his push for quicker market entry and profitability within the company has become evident.
It challenged the balance between responsible AI development and swift commercialization.
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