💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadUnlock them all

OpenAI's Sam Altman may return as CEO, amidst company restructuring

EditorHari Govind
Published 2023-11-19, 07:32 p/m
© Reuters.

SAN FRANCISCO - OpenAI, a leader in artificial intelligence research, is currently in discussions concerning the potential reinstatement of Sam Altman as CEO. On Sunday, Altman garnered support from various stakeholders, including investors, employees, and executives during negotiations at the company's San Francisco headquarters. The talks also considered changes to the board's structure, drawing on insights from former board member Will Hurd.

This development follows a tumultuous Friday when OpenAI was in the midst of talks about an $80 billion valuation. During this period, the company's COO Brad Lightcap made clear that there were no allegations of misconduct behind Altman's dismissal. The day was marked by significant resignations including Greg Brockman and other key members like Helen Toner and Ilya Sutskever. These departures signified a critical time for the company's governance. Despite the high-stakes environment, staff were provided with refreshments from Boba Guys as deliberations continued.

The recent events at OpenAI underscore a balancing act between AI ethics and business interests, indicating a pivotal moment in the governance of one of the most prominent organizations in the AI space. As negotiations progress, the future leadership and direction of OpenAI hang in the balance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.