Stock Market News

From OpenAI ouster to Microsoft AI research CEO: Sam Altman’s tumultuous weekend


FILE PHOTO: Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria/File Photo

 

TSLA
+0.55%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

MSFT
+2.05%

Add to/Remove from Watchlist

Add to Watchlist

Add Position

Position added successfully to:

Please name your holdings portfolio

Type:

BUY
SELL

Date:

 

Amount:

Price

Point Value:


Leverage:

1:1
1:10
1:25
1:50
1:100
1:200
1:400
1:500
1:1000

Commission:


 

Create New Watchlist
Create

Create a new holdings portfolio
Add
Create

+ Add another position
Close

(Reuters) -Following a surprise ouster, OpenAI co-founder and former CEO Sam Altman joined Microsoft (NASDAQ:MSFT) as the head of artificial intelligence research along with the ChatGPT maker’s former President Greg Brockman and other staff.

The developments come less than a year after OpenAI kicked off the generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names.

Nearly all of OpenAI staff have threatened to quit unless the board resigns and appoints two new lead independent directors apart from reinstating Altman and Brockman, according to a letter seen by Reuters.

Date Event

Nov. 17 OpenAI board fires CEO, co-founder Sam Altman

and President Greg Brockman quits after being

removed from the board. Company names Mira

Murati as interim CEO

Nov. 18 Altman’s firing was over a “breakdown in

communication between Sam and the board,” and

not “malfeasance”, COO Brad Lightcap says in

an internal memo

Nov. 18 Early investor Khosla Ventures says it wants

Altman back at OpenAI, “but will back him in

whatever he does next”

Nov. 18 Some employees contemplated quitting if Altman

was not restored as CEO by the end of the

weekend, while others expressed support for

joining his new venture, people familiar with

the matter said

Nov. 19 Altman discusses a possible return to the

company, considers launching new AI startup,

source tells Reuters

Nov. 20 Microsoft CEO Satya Nadella says the Windows

maker has hired Altman, Brockman and their

colleagues to lead a new advanced AI research

team

Nov. 20 OpenAI appoints former Twitch boss Emmett

Shear as interim CEO. Shear pledges probe into

Altman’s exit. OpenAI board approaches rival

Anthropic’s CEO on merger, for taking top job,

sources say

Nov. 20 Nearly all OpenAI staff threaten to quit and

join Altman at Microsoft if board doesn’t

resign, according to a letter seen by Reuters

Nov. 20 Some investors in OpenAI explore legal

recourse against the company’s board, sources

familiar with the matter told Reuters

Source

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button