US Media Report: Investors in OpenAI Demand Reinstatement of Terminated CEO

US Media Report: Investors in OpenAI Demand Reinstatement of Terminated CEO

Sam Altman, ⁣the since-fired CEO of OpenAI, is seen taking part in a discussion on ​artificial intelligence in⁤ San Francisco on November ⁢16,‍ 2023
AFP

Major investors in OpenAI, the ⁤company ⁤behind hugely popular ChatGPT, are ⁢working⁤ to orchestrate the return as ⁤CEO of Sam Altman, a leader​ in the AI revolution who was fired in a shock move Friday, ‍US media reported Sunday.

Investors as important as‍ Microsoft and venture ‌firm​ Thrive Capital “are making efforts to bring back Sam Altman,” the Wall Street Journal reported, citing unnamed sources.

Microsoft and Thrive are the two ‍largest investors⁣ in ‌OpenAI, but other investors are supportive⁤ of these ⁢efforts, the​ Journal said.

The New York Times meantime said that Ilya Sutskever, a respected AI researcher and member of the company’s board of⁣ directors, had expressed growing ⁣concern about the possible dangers of⁣ OpenAI’s technology,‍ and ​felt ‍Altman underestimated such⁣ risks.

OpenAI⁤ sent a shock through​ the industry on Friday ‌when it announced the immediate ouster of Altman, a major Silicon Valley star.

A statement ⁣from OpenAI’s board referred to the company’s stated mission of⁤ making sure artificial intelligence benefits everyone, and said that “new leadership is needed for the company ‍to move forward.”

Greg Brockman, one⁣ of OpenAI’s‍ co-founders, was⁤ pushed​ from the company’s board in the shakeup‍ Friday. He said ‍later that he had quit. Several other company officials also said they⁢ were leaving.

The company said that Altman’s departure ‌followed “a deliberative‌ review⁤ process by the board, which concluded ​that he was not ⁤consistently candid in‍ his communications with ⁤the board, hindering its ability ⁤to exercise its​ responsibilities.”

“The board⁤ no longer has confidence in his ability to continue leading OpenAI.”

The ⁢statement added: “We are grateful for Sam’s many contributions to the founding‌ and growth of OpenAI. ⁣At the ‌same time, we believe new leadership is necessary‍ as we move forward.”

Sequoia Capital, another ​investor in OpenAI, said it supported ⁢Altman and Brockman in whatever they⁢ chose to do next, whether to return ‍to the‍ company or create a new startup, CNBC reported, quoting an ‌unnamed source.

The 38-year-old Altman ‌was pondering​ a return to the company but wanted‍ changes ‌in both the board of directors and the company’s governance structure, the Journal said.

It said Altman was at the same time holding‌ talks ‍on possibly creating a new company, including several ⁣of ⁢the OpenAI employees who resigned after his firing. A⁣ final decision was expected as soon as ⁤this weekend.

Since ChatGPT⁣ went online on November ‌30, 2022,‌ millions of people have ‌used it to help compose messages, request a recipe or invent a story for their​ children — which ‌the robot can then read to them.

2023-11-20 ‍06:41:02
Original from www.ibtimes.com

Exit mobile version