Tag: Sam altman ouster

OpenAI CEO Sam Altman ouster was result of drawn-out tensions – Blow-by-blow account
10Dec By adminNo Comments
Technology

OpenAI CEO Sam Altman ouster was result of drawn-out tensions – Blow-by-blow account

[ad_1] When OpenAI's board made the shocking decision to fire Chief Executive Officer Sam Altman on the Friday before Thanksgiving, it offered little detail beyond a statement that the leader of the artificial intelligence startup was not “consistently candid” with its directors.The statement, devoid of any details, was the opening volley in a power struggle that played out almost entirely behind closed doors. Privately, Altman and the board jockeyed over what to say publicly and when, according to people familiar with the situation. At one point, during the discussions about Altman's possible return as CEO, he offered to publicly apologize for misrepresenting some board members' views in conversations when he was lobbying for a director's removal, the people said. But the board was con...
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OpenAI engineers earning $800,000 a year turn rare skillset into leverage
23Nov By adminNo Comments
Technology

OpenAI engineers earning $800,000 a year turn rare skillset into leverage

[ad_1]  OpenAI reinstated Chief Executive Officer Sam Altman after hundreds of workers threatened to quit over the ChatGPT creator's ouster, highlighting just how much leverage the tech industry's most valued workers hold right now.Artificial intelligence engineers earn anywhere from 8% to 12.5% more than their non-AI counterparts, according to an analysis by compensation data platform Levels.fyi published in May.  The most common salary range for an engineering job listed on OpenAI's website is $200,000 to $370,000, though a handful of more specialized roles advertise ranges from $300,000 to $450,000, said Roger Lee, co-founder of compensation benchmarking firm Comprehensive.io. Salary ranges don't include bonuses or stock awards, which can bring an annual salary of $300,000 closer to ...
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Altman is back at OpenAI, but questions remain as to why he was fired in first place
23Nov By adminNo Comments
Technology

Altman is back at OpenAI, but questions remain as to why he was fired in first place

[ad_1] Sam Altman is returning to lead OpenAI less than five days after his surprise dismissal, which kicked off a tug of war for his talent, left the company in disarray and laid bare deep board divisions over the mission of one of the world's most valuable startups.OpenAI's new interim board, which won't include Altman at the outset, will be led by Bret Taylor, a former co-CEO of Salesforce Inc. The other directors are Larry Summers, the former US treasury secretary, and existing member Adam D'Angelo, the co-founder and CEO of Quora Inc. Altman had been fired Friday after clashing with the board over his drive to transform OpenAI from a nonprofit organization focused on the scientific exploration of artificial intelligence into a business that builds products, attracts customers and l...
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After Satya Nadella gets Sam Altman to join Microsoft, Elon Musk takes a dig
20Nov By adminNo Comments
Technology

After Satya Nadella gets Sam Altman to join Microsoft, Elon Musk takes a dig

[ad_1] Microsoft's CEO Satya Nadella shared some really exciting news today about forming a brand-new AI research team at the company, that will be led by Sam Altman, the former CEO of OpenAI, as well as Greg Brockman - OpenAI's ex-CEO and ex-president respectively. This announcement prompted a taunt from billionaire Elon Musk, who had previously invested in OpenAI and had said that the only reason the company existed at all was because he kept it alive through huge fund infusions. Nadella, in a tweet on X, expressed his enthusiasm over Altman and Brockman joining Microsoft, saying, "We're thrilled to have Sam Altman and Greg Brockman lead a new advanced AI research team. We're ready to provide them with the resources they need for success." Elon Musk's ResponseElon Musk, known for his...
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The Doomed mission behind Sam Altman’s shock ouster from OpenAI
20Nov By adminNo Comments
Technology

The Doomed mission behind Sam Altman’s shock ouster from OpenAI

[ad_1] Healthy companies led by competent, commercially successful and globally beloved founders generally don't tend to fire them. And, as Sam Altman walked on stage in San Francisco on Nov. 6, all those things could have described his role at OpenAI.The co-founder and chief executive officer had kicked off a global race for artificial intelligence supremacy, helped OpenAI surpass much larger competitors, and was, by this point, regularly compared to Bill Gates and Steve Jobs. Eleven days later he would be fired — kicking off a chaotic weekend during which executives and investors loyal to Altman were agitating for his return.  The board ignored them, and hired Emmett Shear, the former Twitch CEO, instead.  On Nov. 6, at the company's first developer conference, the acclaim for Altman ...
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OpenAI CEO’s ouster followed debates between Altman, board
19Nov By adminNo Comments
Technology

OpenAI CEO’s ouster followed debates between Altman, board

[ad_1] OpenAI's firing of Sam Altman followed wide-ranging disagreements between the chief executive officer and his board — in particular Ilya Sutskever, an OpenAI co-founder and the company's chief scientist — according to a person familiar with the matter. The debates included differences of opinion on AI safety, the speed of development of the technology and the commercialization of the company, said the person, who asked not to be identified discussing private information.  Altman's ambitions may have also played a role in the divorce. Altman has been looking to raise tens of billions of dollars from Middle Eastern sovereign wealth funds to create an AI chip startup to compete with processors made by Nvidia Corp., according to a person with knowledge of the investment proposal. Alt...
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