Tag: openai investors

OpenAI to name new board members in March, Washington Post reports
1Mar By adminNo Comments
Technology

OpenAI to name new board members in March, Washington Post reports

[ad_1] ChatGPT-maker OpenAI is planning to appoint several new board members in March, the Washington Post reported on Thursday, citing a person familiar with the matter. The move would finally end an impasse which began after the Microsoft-backed company's former board fired CEO Sam Altman in November. However, Altman returned just days later, with OpenAI also unveiling a new initial board with former Salesforce co-CEO Bret Taylor as chair. OpenAI's new board has since on an active search for six members with expertise in fields from technology to safety and policy. OpenAI did not immediately respond to a Reuters request for comment. Microsoft would take a non-voting, observer position on OpenAI's board, Altman said in November after taking back the reins of the company. OpenAI inves...
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Sam Altman, OpenAI Board Open Talks to Negotiate His Possible Return
22Nov By adminNo Comments
Technology

Sam Altman, OpenAI Board Open Talks to Negotiate His Possible Return

[ad_1] Sam Altman and members of the OpenAI board have opened negotiations aimed at a possible return of the ousted co-founder and chief executive officer to the artificial intelligence company, according to people with knowledge of the matter.Discussions are happening between Altman and at least one board member, Adam D'Angelo, said the people, who asked not to be identified because the deliberations are private and they may not come to fruition. The talks also involve some of OpenAI's investors, who are also pushing for his reinstatement, one of the people said. In one scenario being discussed, Altman would return as a director on a transitional board, one of the people said. We are now on WhatsApp. Click to joinThat the board and Altman are in communication is a significant developme...
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OpenAI investors considering suing the board after CEO Sam Altman’s abrupt firing: Sources
21Nov By adminNo Comments
Technology

OpenAI investors considering suing the board after CEO Sam Altman’s abrupt firing: Sources

[ad_1] Some investors in OpenAI, makers of ChatGPT, are exploring legal recourse against the company's board, sources familiar with the matter told Reuters on Monday, after the directors ousted CEO Sam Altman and sparked a potential mass exodus of employees.Sources said investors are working with legal advisers to study their options. It was not immediately clear if these investors will sue OpenAI. Investors worry that they could lose hundreds of millions of dollars they invested in OpenAI, a crown jewel in some of their portfolios, with the potential collapse of the hottest startup in the rapidly growing generative AI sector. OpenAI did not respond to a request for comment.Microsoft owns 49% of the for-profit operating company, according to sources familiar with the matter. Other inves...
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Investors in OpenAI seek return of fired CEO, US media report
20Nov By adminNo Comments
Technology

Investors in OpenAI seek return of fired CEO, US media report

[ad_1] 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 sen...
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Sam Altman not returning to OpenAI despite Satya Nadella intervention, says report
20Nov By adminNo Comments
Technology

Sam Altman not returning to OpenAI despite Satya Nadella intervention, says report

[ad_1] In a big setback to efforts being made by Microsoft CEO Satya Nadella, it has been revealed that Sam Altman will not be returning to OpenAI. This was revealed by The Information's Jessica Lessin in an X post. Notably, talks were ongoing between the OpenAI board, Altman, Microsoft and the investors on getting the former CEO back. It was also revealed that the interim CEO, Mira Murati was making efforts to get Altman back to OpenAI. The sticking point in the entire discussion was that Altman was insisting the OpenAI board resign and a new one be appointed. He had seemingly given a 5PM deadline yesterday and one today for that to happen and he would return thereafter. While yesterday's deadline passed without any adverse impact, today's is still current, but this new detail has come...
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