By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
IndebtaIndebta
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
IndebtaIndebta
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
Indebta > News > OpenAI directors in talks with Sam Altman on rejoining board
News

OpenAI directors in talks with Sam Altman on rejoining board

News Room
Last updated: 2023/11/21 at 5:23 PM
By News Room
Share
4 Min Read
SHARE

Unlock the Editor’s Digest for free

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.

OpenAI’s directors are in talks with Sam Altman to allow him to re-join the board, four days after their decision to sack him plunged the generative artificial intelligence start-up into turmoil.

A deal to unify the company by bringing its former chief executive back alongside the remaining directors would be a compromise for both sides. More than 95 per cent of OpenAI employees signed a letter this week calling for the board to resign and reinstate Altman, while a trio of holdout directors have remained resolute in their view that his firing was justified.

The option, first reported by Bloomberg, is one of a number being discussed by the non-profit board which ultimately controls OpenAI, which spectacularly removed Altman and his co-founder Greg Brockman as directors last week, according to people with direct knowledge of the negotiations. After being stripped of his role as chair of the board, Brockman quit the company on Friday.

The departure of the two co-founders triggered a chaotic few days at OpenAI, which has become the most celebrated start-up in Silicon Valley since it launched its ChatGPT chatbot a year ago, kicking off a boom in generative AI.

Ilya Sutskever, a third co-founder, was one of the four directors who voted to oust Altman. Under growing pressure from his colleagues, Sutskever signed the letter calling on the board to reverse course and apologised on social media on Monday.

“I deeply regret my participation in the board’s actions,” he wrote on X: “I never intended to harm OpenAI. I love everything we’ve built together and I will do everything I can to reunite the company.” Sutskever did not say whether he would step down from the board.

That left three directors opposed to Altman’s return: Adam D’Angelo, chief executive of question-and-answer service Quora; technology entrepreneur Tasha McCauley; and Helen Toner from the Center for Security and Emerging Technology at Georgetown University.

The trio have come under growing pressure from employees and investors in OpenAI’s for-profit entity to explain their decision and to reverse course.

Before Altman was fired, questions had been raised internally around whether the pace of AI development at the company was safe and about potential conflicts with the 38-year old entrepreneur’s side projects, which range from cryptocurrency to nuclear fission. The board had also lost trust in Altman, according to a person with knowledge of their thinking.

But investors in the company say they have been left in the dark as to the specific reason for his firing.

Emmett Shear, the co-founder of video-streaming service Twitch who the board appointed as interim chief executive on Sunday, has also called for an independent investigation into how the decision was made to oust Altman and has pledged to reform the management of the company.

Read the full article here

News Room November 21, 2023 November 21, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

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

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Which genius from history would have been the best investor?

With hedge fund founders peppering the Forbes list of billionaires, top traders…

How Friedrich Merz’s EU summit plan on frozen Russian assets backfired

There was no plan B, they said. Until there had to be…

Netflix earnings: What investors need to know about the streaming giant’s Q3 miss

Watch full video on YouTube

Inside Amazon’s massive Anthropic data center, training AI without Nvidia

Watch full video on YouTube

Cannabis Investing In The Trump Era

Listen here or on the go via Apple Podcasts or Spotify Josh…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Which genius from history would have been the best investor?

By News Room
News

How Friedrich Merz’s EU summit plan on frozen Russian assets backfired

By News Room
News

Cannabis Investing In The Trump Era

By News Room
News

The argument Iranians have in private

By News Room
News

Carmakers sour on EU’s ‘disastrous’ petrol engine rule changes

By News Room
News

Elon Musk makes an unhelpful cameo in Warner Bros buyout

By News Room
News

US defence act passes in rebuke to Trump administration’s stance on Europe

By News Room
News

When business and democracy don’t mix

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?