Sam Altman’s Return to OpenAI: Uncovering the 5 Must-Know Details!
OpenAI, the leading force behind AI chatbots, has caused a stir in the tech industry by unexpectedly terminating its renowned CEO, Sam Altman. Altman played a pivotal role in establishing OpenAI’s global reputation and turning ChatGPT into a widely recognized term. Consequently, he became the face of AI on a global scale. However, it appears that within the company, there were dissenting voices regarding Altman’s leadership style, resulting in his removal through a majority vote by the board. This decision led to the resignation of other key figures, including President Greg Brockman. Although not universally supported within the company, there is mounting pressure from investors for the OpenAI board to reinstate Altman. Speculation suggests that the board may even step down in the coming days. The unfolding events in this case are setting the stage for Altman’s potential return.
Deadline in OpenAI
At an important stage of development, it has been revealed that at 5:00 p.m. PT’s deadline for the resignation of the board. But that deadline has passed, and nothing has been heard from the government. The Verge reports that this may prompt Altman to go his separate ways and start his own company. Expectations are that there will soon be mass separation in OpenAI. Where temporary CEO Mira Murati will stay is not yet known. His position in such a situation has become untenable.
Board, Altman Clash
When OpenAI decided to oust Sam Altman, it led to heated disagreements and discussions between the CEO and the board. These grounds included different opinions about the safety of artificial intelligence, the speed of technological development and the commercialization of the company. One person shared this information with Bloomberg. Altman’s other ambitious plans may also have led to his firing. According to sources, Altman planned to raise tens of billions of dollars from Middle Eastern sovereign wealth funds to create an artificial intelligence chip startup. He also met with SoftBank Group Corp. Chairman Masayoshi Son for a multibillion-dollar investment in a new company to make artificial intelligence-oriented devices in partnership with former Apple designer Jony Ive. These fundraisers in the name of OpenAI may have irritated board members because these new companies do not have the same governance model as OpenAI.
In addition to this, there were also problems between Ilja Sutskever, Altman and Brockman. Ilja Sutskever is the founder of OpenAI and the company’s leading researcher. His responsibility in the company was reduced. He later appealed to the board, including Helen Toner, director of strategy at Georgetown’s Center for Security and Emerging Technologies.
Brockman and Altman reported in the X message that Sutskever texted Sam Altman on Nov. 16 to join Google Meet the next day. According to the message, everyone was at the meeting except for President Greg Brockman. The message mentions: “Ilya told Sam that he was fired and that the news will come out very soon.” After that, Brockman was informed that he was removed from his position as chairman of the board, but he will continue in his role as chairman.
Altman is supported by Microsoft
According to the source, Microsoft received the information just a few minutes before Sam Altman was ousted. Microsoft CEO Satya Nadella has been in contact with Altman and supports him in every step he takes next. In a public statement, Nadella said, “We have a long-term agreement with OpenAI that includes full access to everything we need to deliver on our innovation agenda and exciting product roadmap, and we remain committed to the partnership,” he wrote in a blog post.
OpenAI’s shares are at risk
OpenAI’s stock is at risk after Sam Altman was ousted. OpenAI planned to sell its shares for $86 billion a week ago. But since Altman left the company, a deal worth hundreds of millions of dollars in OpenAI shares held on the nearby market has stalled. According to a Bloomberg report, some of the transactions are pending and some of them have been cancelled.
The board returns Altman?
OpenAI’s board is now under pressure, with all the investors pushing to take Altman back. According to the source, Altman is ready to make a comeback. It may also be possible that OpenAI’s board members resign. If Altman is not reinstated, it is possible that more employees will leave and join Altman’s next ventures he starts.
Whatever happens next, the position of open AI is under threat and its image as the leader of the AI market has been significantly weakened. And even if Altman does return, things won’t be business as usual, given the company’s deep divisions among its founders. The openness has worked and will likely continue to do so, especially since Altman’s return will likely be forced rather than consensual.
