Friday , 23 February 2024
Home Finance Sam Altman returns to OpenAI HQ, reinstatement as CEO could be soon: Report
Finance

Sam Altman returns to OpenAI HQ, reinstatement as CEO could be soon: Report



It’s been a tumultuous weekend for OpenAI and anyone who follows the field of artificial intelligence. After the OpenAI board fired CEO Sam Altman on Friday, investors who’d been taken off guard by the move raced to reinstate him. 

On Sunday afternoon, Altman was back in the OpenAI headquarters, Bloomberg reported, and the decision to reinstate him could be made shortly. Altman shared a photo of himself on X wearing a guest badge and making a face, writing, “first and last time i ever wear one of these.”

But even if he is, questions remain about why the board fired him in the first place. It gave only vague reasons on Friday. Among those wanting to know is Tesla CEO Elon Musk, who wrote on X: “Given the risk and power of advanced AI, the public should be informed of why the board felt they had to take such drastic action.”

And AI expert Gary Marcus worried it did not bode well that the OpenAI board—presumably in control of the capped-profit company and with an eye on the nonprofit mission—was overpowered as investors raced to get Altman back in his role.

OpenAI Chief Operating Officer Brad Lightcap told Bloomberg, “we have had multiple conversations with the board to try to better understand the reasons and process behind their decision,” which took him and others at the company by surprise.

Eric Newcomer, who hosts a technology podcast, wrote in his newsletter that Altman should not be given too much power.

“The public should not want, nor should the OpenAI board give Altman unbridled power to run OpenAI as he pleases,” he wrote. “Altman has a history of fractious corporate breakups…These board members are not the first people to question Altman’s integrity. They’ve just done so in public.”  

According to sources Bloomberg spoke with, among the new board members will Bret Taylor, the former co-CEO of Salesforce.

This is a breaking story an will be updated. 

Subscribe to the Eye on AI newsletter to stay abreast of how AI is shaping the future of business. Sign up for free.





Source link

Leave a comment

Leave a Reply

Your email address will not be published.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

Related Articles

Finance

More Cheese, Please: Farmers Are Squeezing Cows for Fattier Milk

Americans are eating more cheese and butter. That has dairy farmers scrambling...

Finance

South African opposition seeks to build on Cape Town success

Cape Town mayor Geordin Hill-Lewis gazed from the window of his office...

Finance

Japanese stocks rally as investors’ rate rise fears wane

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT,...

Finance

European Banks Brace for Testing Times After Peak in Interest Rates

Jan. 12, 2024 10:52 am ET European banks head into 2024 with...