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OpenAI's tender offer, which would allow employees to sell shares in the start-up to outside investors, remains on track despite the leadership tumult and board shuffle, two people familiar with the matter told CNBC. The round and previously reported valuation were jeopardized by Sam Altman's temporary ouster earlier in November, but his return cleared the way for the tender offer to proceed. The extension of the tender offer comes after a rollercoaster couple of weeks for the company. OpenAI's other major backers include Founders Fund, Sequoia Capital and, following the completion of the tender offer, Thrive Capital. Founders Fund will not participate in the tender offer either, a person familiar with the firm said.

Persons: Sam Altman, Josh Kushner's, Sam Altman's, Altman, Satya Nadella, Greg Brockman, OpenAI, Bret Taylor, Larry Summers, Adam D'Angelo, Nadella, — CNBC's Ari Levy, Jordan Novet, Elon Musk Organizations: Economic Cooperation, APEC, CNBC, Microsoft, Employees, Brockman's, Tiger Global, Fund, Sequoia Capital, Bloomberg Locations: Asia, San Francisco , California, OpenAI

Jack Guez | Afp | Getty ImagesAfter a weekend of crisis and tumult, Sam Altman has returned as the CEO of OpenAI. Nathan Laine | Bloomberg | Getty ImagesBret Taylor, board chair Bret Taylor is currently a board member at the e-commerce platform Shopify . It isn't clear if Taylor's involvement with his own AI startup will cease with his appointment to lead OpenAI's board. OpenAI's board fired Altman Friday after determining he was "not consistently candid in his communications," but its members never elaborated further. Jack Guez | AFP | Getty ImagesIlya Sutskever Ilya Sutskever co-founded OpenAI and serves as its chief scientist.

Persons: Sam Altman, Ilya Sutskever, Jack Guez, Altman, There's, Satya Nadella, Nadella, Here's, Bret Taylor, Nathan Laine, He's, Elon, Taylor, Salesforce, Larry Summers, David A, CNBC Larry Summers Larry Summers, Clinton, Summers, Jack Dorsey, Adam D'Angelo Adam D'Angelo, D'Angelo, Helen Toner, CSET, Vox, Jerod Harris, Helen Toner Helen Toner, Toner, Tasha McCauley, Carlton Laguna Nigel, Tasha McCauley Tasha McCauley, Joseph Gordon, Levitt, McCauley, Ilya Sutskever Ilya Sutskever, Sutskever, Greg Brockman, Brockman, Brockman's, Sven Hoppe Organizations: Tel Aviv University, Afp, Getty, Microsoft, CNBC, Sequoia, Tiger Global, Salesforce, Viva Technology Conference, Bloomberg, Google, Economic, Grogan, Harvard University, Obama, Economic Council, Twitter, Meta, Facebook, The Ritz, Carlton, Georgetown University's Center for Security, Emerging Technology, Philanthropy, Business Development, Ritz, Rand Corporation, GeoSim Systems, AFP, University of Toronto, Stanford, Technical University of Munich Locations: Tel Aviv, Paris, Davos, Switzerland, Washington, Laguna Niguel, Dana Point , California, Russian Israeli, Canadian

☆ Ilya Sutskever's U-turn on ousting Sam Altman came after Greg Brockman's wife cried and asked him to change his mind: WSJ
▼ + stars: | 2023-11-21 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +3 min

OpenAI's Ilya Sutskever had a dramatic reversal regarding the ousting of his cofounder, Sam Altman. The U-turn came after an emotional plea from cofounder Greg Brockman's wife, the WSJ reported. His change of heart came after conversations with staff and with OpenAI cofounder Greg Brockman's wife, The Wall Street Journal reported, citing people familiar with the matter. Anna Brockman — who married Greg Brockman in 2019 — cried and pleaded with Sutskever to change his mind, per the WSJ. Anna Brockman did not immediately respond to a request for comment from Business Insider, sent through Greg Brockman and outside regular business hours.

Persons: OpenAI's Ilya Sutskever, Sam Altman, Greg Brockman's, Sutskever, —, Ilya Sutskever, OpenAI, we've, Anna Brockman —, Greg Brockman, It's, Altman, Greg, Anna Brockman's, @ilyasut, cfSvY7uniV — Greg Brockman, OpenAI's cofounders, Elon Musk, Satya Nadella, Brockman, Anna Brockman Organizations: Service, Street Journal, OpenAI, Twitter, Google, Microsoft, Business Locations: OpenAI

☆ Most of our clients are 'skeptical' the OpenAI team will stay at Microsoft for long, Jefferies says
▼ + stars: | 2023-11-21 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMost of our clients are 'skeptical' the OpenAI team will stay at Microsoft for long, Jefferies saysBrent Thill of Jefferies discusses OpenAI CEO Sam Altman's and board member and co-founder Greg Brockman's move to Microsoft, and says investors are wondering if it's a "PR stunt."

Persons: Jefferies, Brent Thill, Sam Altman's, Greg Brockman's Organizations: Microsoft

☆ Sam Altman is out of OpenAI and has joined Microsoft. Here's a full timeline of the chaos that landed him there.
▼ + stars: | 2023-11-20 | by ( Beatrice Nolan | ) www.businessinsider.com time to read: +4 min

Former Twitch CEO and cofounder, Emmett Shear, was named interim CEO of the company and Altman had joined former partner Microsoft. Altman was ousted from OpenAI in a shock board decisionAltman was immediately ousted from OpenAI in a dramatic board decision on Friday. According to a timeline provided by fellow OpenAI cofounder Greg Brockman, Altman received a text from board member Ilya Sutskever asking to talk at midday Friday. OpenAI board was 'optimistic' about getting Altman backInvestors, including Microsoft CEO Satya Nadella, were reportedly "blindsided" by the decision to remove Altman. Altman and Brockman join MicrosoftIn a final twist, Microsoft CEO Satya Nadella scooped up Altman and Brockman to lead "a new advanced AI research team" at Microsoft.

Persons: Sam Altman, kickstarting, Altman, —, Emmett Shear, Greg Brockman, Ilya Sutskever, Brockman, Sutskever, OpenAI, Satya Nadella, Jason Kwon, Nadella, Shear, Mira Murati, Aleksander Madry, Szymon Sidor, Jakub Pachocki Organizations: Microsoft, Service, Twitch, OpenAI, Bloomberg, The

☆ Sam Altman kicked off a flood of ❤️ emoji posts from OpenAI executives. Can someone just tell us if he's coming back or not?
▼ + stars: | 2023-11-19 | by ( Kali Hays | ) www.businessinsider.com time to read: +4 min

Sam Altman was forced out as CEO of OpenAI on Friday, in dramatic fashion. One that was more snarky than loving: "if i start going off, the openai board should go after me for the full value of my shares." AdvertisementYet, it was the one about the OpenAI team that kicked off our current mystery. Various members of OpenAI staff have liked both tweets. Johnathan Lachman, who heads special projects at OpenAI, retweeted Murati's heart reply to Altman adding "our team spirit is just incredible."

Persons: Sam Altman, Altman, Mira Murati, emojis, —, he'd, OpenAI, She's, Heart, Greg Brockman, what's, Jason Kwon, Brad Lightcap, Romain Huet, Aditya Ramesh, Johnathan Lachman, Brockman's, hasn't, Ilya Sutskever, Brockman, Vinod Khosla, Matthew McConaughey, Kali Hays Organizations: Service, Microsoft, Google, Altman, Twitter Locations: OpenAI, khays@insider.com, @hayskali

☆ OpenAI cofounder responds to Elon Musk's criticism that ChatGPT is too 'woke': 'We made a mistake'
▼ + stars: | 2023-03-09 | by ( Grace Mayer | ) www.businessinsider.com time to read: +3 min

OpenAI cofounder admitted the startup "made a mistake" in response to Musk's criticism of ChatGPT. Musk has repeatedly criticized the chatbot for its "woke" responses. Musk, an OpenAI cofounder who has since severed ties with the company, has routinely criticized OpenAI for implementing safeguards that prevent the chatbot from producing responses that could be deemed offensive. Musk had previously criticized the technology, saying that "the danger of training AI to be woke – in other words, lie – is deadly." As more users flock to AI chatbots like ChatGPT and Bing's recently-launched chatbot, which is powered by OpenAI technology, their limits and flaws have been revealed.

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