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Most OpenAI employees have signed a letter saying they will leave if Altman is not reinstated. Extremely late Sunday, Microsoft CEO Nadella announced that Altman and OpenAI cofounder Greg Brockman would join Microsoft to lead a new AI research team. Let's say Microsoft ends up hiring the OpenAI employees threatening to walk, to the tune of almost 800 staff. Nadella has made clear he thinks OpenAI's board needs to change, and he's the man writing $13 billion checks. Salesforce CEO Marc Benioff has already offered to hire OpenAI employees who leave and match their compensation.
Persons: Altman, , OpenAI, Sam Altman, Nadella, Greg Brockman, Brockman, Anna Makanju, everyone's, Ilya Sutskever, Emmett Shear, Kali Hays, Sutskever, Google's, Marc Benioff Organizations: Service, Friday's, Microsoft, Bloomberg, Employees, Meta, Rivals
Even so, both still seem to not know why Sam Altman was really fired. He told OpenAI employees the same thing on Sunday evening, The Verge reported. The workers who did show up were told Altman was booted because he'd been accused of giving two staffers the same project. However the OpenAI drama ends, Altman has promised he'll continue to work with the company "some way or other." Press teams for Microsoft and OpenAI did not immediately respond to requests for comment from BI sent outside regular business hours.
Persons: Satya Nadella, Emmett Shear, Sam Altman, Nadella, Shear, , Altman, OpenAI, Sam, Greg Brockman, it's, Altman's, he's, Kali Hays, he'd, Hays, Anthropic, he'll Organizations: Service, Microsoft, Bloomberg, San, The Washington Post, Press, BI Locations: OpenAI, San Francisco
Every weekday the CNBC Investing Club with Jim Cramer holds a Morning Meeting livestream at 10:20 a.m. "A lot of [OpenAI] diaspora could be going to Salesforce," Jim Cramer said Tuesday. At the same time, Nvidia stock made a new all-time high Monday, raising the stakes into the print. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .
Persons: Jim Cramer, Stocks, Sam Altman, Altman, Mark Benioff, Jim, Jim Cramer's Organizations: CNBC, Big Tech, Nasdaq, Treasury, West Texas, Nvidia Locations: China
An in-demand talent pool"Many previously poorly understood secrets will be more widely disseminated across the ecosystem," one European AI founder who spoke on the condition of anonymity said. But European competitors can still benefit from OpenAI's implosion. The startup had been on an uninterrupted run for the past year, said EarlyBird VC partner and Aleph Alpha investor Andre Retterath. The turmoil at OpenAI has also galvanized both AI founders and investors in Europe. The company's top expenditure, besides employee salaries, is manually cleaning and sourcing the data they use to train their models, a European VC said.
Persons: Sam Altman, unseats, Nathan Benaich, Altman, Marc Benioff, Salesforce, Silvio Savarese, Einstein, 1RXoc9ekeo, Benaich, Alpha, EarlyBird, Andre Retterath, Retterath, Mariam Pettit, they've, OpenAI, Andrew Scott, 7percent, David Grimm, Grimm, Rebecca Gorman Organizations: Air Street Capital, Business, Aleph Alpha, Microsoft, Google, Alpha, Global Founders Capital, Albion Locations: Europe, OpenAI
Sam Altman will be in charge of OpenAI's team and products no matter what. So the three remaining OpenAI Board members should explain why they fired him and move on. But, as Business Insider's Alistair Barr has argued, if the goal of the three remaining OpenAI Board members is to save humans from OpenAI's product, it's time for those board members to say so. As a member of humanity, I do thank the three remaining OpenAI members for maybe looking out for us. AdvertisementBecause Sam Altman is going to be leading the OpenAI team and continuing its product development either way.
Persons: Sam Altman, , Satya Nadella, Altman, Board's, It's, Kali Hays, Adam D'Angelo, D'Angelo, Alistair Barr, OpenAI, humanity's Organizations: Service, Microsoft
While OpenAI later transitioned to a for-profit model, its controlling shareholder remains the nonprofit OpenAI Inc. and its board of directors. This unique structure made it possible for four OpenAI board members — the company's chief scientist, two outside tech entrepreneurs and an academic — to oust CEO Sam Altman on Friday. When it was founded, OpenAI’s original board co-chairs were Altman and Tesla CEO Elon Musk. Musk recently launched his own AI startup, xAI, to compete with OpenAI, Microsoft and Google, among others. OpenAI's board members have not responded to requests for comment.
Persons: ChatGPT, OpenAI, Sam Altman, Berkshire Hathaway, OpenAI’s, , Sarah Kreps, Altman, Greg Brockman, , Kreps, Ilya Sutskever, we’ve, Adam D’Angelo, Tasha McCauley, Helen Toner, Reid Hoffman, Will Hurd, Shivon Zilis, Brockman, Elon Musk, Musk, D’Angelo, tweeting, ” He’s, Matt O'Brien, Michael Liedtke Organizations: FRANCISCO, Google, Facebook, OpenAI Inc, Cornell University’s Tech Policy Institute, Microsoft Corp, Microsoft, Georgetown Center for Security, Emerging Technology, Republican U.S . Rep, Tesla, OpenAI, Associated Press Technology Locations: Berkshire, OpenAI, Will Hurd of Texas, Providence , Rhode Island, San Francisco
With Sam Altman's potential return to OpenAI still in question, one group is also left with a lot of uncertainty: OpenAI's startup customers. Those apprehensions were further worsened Monday, when over 700 of OpenAI's employees threatened to resign if he wasn't reinstated. This story is available exclusively to Business Insider subscribers. Several startup founders told Business Insider that they were considering switching to an open source model like Meta's Llama 2, or Anthropic's Claude. Still, several customers like Takeoff AI founder McKay Wrigley are switching to Microsoft's Azure service, which sells copies of OpenAI's models and other models.
Persons: Sam Altman's, OpenAI, Altman, wasn't, Claude, James Blackwell, McKay Wrigley, Sam Altman, Greg Brockman, Morgan Stanley, Wrigley, Charlie Dolan, he's, Anthropic, Guillermo Rauch, Matt McIlwain, We've, McIlwain, Alistair Barr Organizations: Business, Google, Services, Microsoft, OpenAI, Bank Locations: Anthropic
A pedestrian walks by a sign at a LinkedIn office on July 26, 2023 in San Francisco, California. The company has begun making preparations for hundreds of OpenAI employees at its LinkedIn offices in downtown San Francisco, about two miles from OpenAI's headquarters. This week, more than 90% of OpenAI employees signed a letter demanding that the OpenAI board resign or watch staffers leave and join their former boss, Sam Altman, at Microsoft. Early Monday morning, Microsoft CEO Satya Nadella said that Altman, Greg Brockman and their colleagues would join Microsoft as part of a new artificial intelligence research group. However, by Monday evening, it became less evident that Altman and Brockman would actually be joining Microsoft.
Persons: Axios, Sam Altman, Satya Nadella, Altman, Greg Brockman, Brockman Organizations: Microsoft, CNBC Locations: San Francisco , California, San Francisco, OpenAI's, OpenAI
Microsoft CTO Kevin Scott on Tuesday offered to match compensation for the hundreds of employees at OpenAI who are threatening to resign following Sam Altman's sudden ouster as CEO. "Know that if needed, you have a role at Microsoft that matches your compensation and advances our collective mission." But, the comment gives some clarity to what Microsoft is willing to pay employees and how many it would hire. Early Monday morning, Microsoft CEO Satya Nadella said that Altman, Greg Brockman, who resigned as OpenAI's president, and their colleagues would join Microsoft as part of a new AI research group. More than 600 OpenAI employees then signed a letter to the company's board and threatened to join their former boss at Microsoft unless the members resigned.
Persons: Kevin Scott, Sam Altman's, Sam Altman, Scott, Altman, Satya Nadella, Greg Brockman, Nadella, Brockman, OpenAI, Emmett Shear, Ilya Sutskever —, — Adam D'Angelo, Tasha McCauley, Helen Toner, Sutskever, Jordan Novet Organizations: Research, Microsoft, CNBC Locations: OpenAI
Details of these verbal assurances stipulated that OpenAI employees who quit would receive the same amount of total compensation they receive at OpenAI should they be hired by Microsoft. What Microsoft can and can't do comes down to what CEO Satya Nadella wants to see happen at his company, a Microsoft employee said. Ultimately, a move to Microsoft is not what OpenAI employees really wish to happen. Although everyone who signed the letter has shown they are willing to work for Microsoft, so long as Altman is there, too, they have little desire to work there. The company is enormous compared to OpenAI, with a reputation for bureaucracy, slower work and lower pay, one of the employees said.
Persons: Sam Altman, Altman, Greg Brockman, Satya Nadella, Nadella, Satya, Sam Organizations: Microsoft, Wired, Business, Big Tech
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailOpenAI's non-profit label caused internal strife in latest governance falloutCNBC's Deirdre Bosa reports on the latest news from OpenAI.
Persons: Deirdre Bosa Locations: OpenAI
Salesforce CEO Marc Benioff is trying to get ahead of the race to poach OpenAI's talent. AdvertisementAfter the weekend of chaos at OpenAI, Salesforce CEO Marc Benioff is eyeing an opportunity for new talent. "Lol, like it was ever about compensation," wrote Boris Power, OpenAI's head of applied research, in response to Benioff. "Looking forward to joining Salesforce!" I was the janitor at OpenAI, total comp $1.2m base + $50m equityLook forward to joining Salesforce!
Persons: Marc Benioff, , Salesforce's Einstein, Lol, Boris Power, ove, ould Organizations: Service, Salesforce's Locations: OpenAI, ife
700 OpenAI employees have signed a letter threatening to quit if Sam Altman isn't reinstated as CEO. Some of them say they are on work-dependent visas, which they could lose if they are forced to quit. It's a sign of how much loyalty Altman has inspired among staff. AdvertisementOpenAI's employees are calling on the company's board to bring back Sam Altman — and some are even willing to put their visas at risk to get him back as CEO. A number of senior OpenAI employees are already expected to follow Altman and ex-OpenAI president Greg Brockman to Microsoft.
Persons: Sam Altman isn't, It's, Altman, , Sam Altman —, Sam Altman, Mira Murati, Ilya Sutskever —, Reiichiro Nakano, Boris Power, Emmett Shear, Greg Brockman, Satya Nadella, Kara Swisher, OpenAI Organizations: Service, Microsoft, Business
Ex-OpenAI CEO Sam Altman was reportedly seeking billions in funds for a new firm when he was fired. Altman was fundraising to build a rival to AI chip maker Nvidia, per Bloomberg. AdvertisementFormer OpenAI CEO Sam Altman had reportedly sought billions in funding for a new chip company before being ousted. Bloomberg reported that Altman was fundraising in the Middle East for the new venture, which aimed to rival AI chip maker Nvidia. The project was reportedly intended to compete with AI chip giant Nvidia, which controls about 80% of the global AI chip market.
Persons: Sam Altman, Altman, , It's, Emmett Shear, Satya Nadella, OpenAI Organizations: Nvidia, Bloomberg, Investor, Service, Microsoft Locations: OpenAI
Satya Nadella said Sam Altman will be working with Microsoft no matter where he ends up working. On Monday, the Microsoft CEO announced he hired Altman after the former OpenAI CEO's shock firing. AdvertisementOn Monday, Microsoft CEO Satya Nadella announced he was hiring Sam Altman. Still, Nadella told Bloomberg TV on Monday it doesn't matter where Altman ends up working — because "irrespective of where Sam is, he's working with Microsoft." OpenAI only told Microsoft about Altman's ouster a few minutes before its announcement, sources told Business Insider's Kali Hays and Ashley Stewart.
Persons: Satya Nadella, Sam Altman, Altman, , Greg Brockman, Brockman, Nadella, Sam, OpenAI, Kali Hays, Ashley Stewart Organizations: Microsoft, Service, Bloomberg, BI Locations: Silicon Valley, OpenAI
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
Revenue for the quarter ended Sept. 30 was 34.45 billion yuan ($4.72 billion), compared with analysts' estimates of 34.33 billion yuan, according to LSEG data. Baidu has in recent years focused increasingly on AI, creating a self-driving vehicle and investing heavily in generative AI, which is capable of creating text, images and other media. Baidu's Chief Financial Officer Rong Luo said the firm will continue to prioritise AI investments, especially in generative AI and foundation models, to power its growth. Baidu's online marketing revenue rose 5% in the third quarter to 19.7 billion yuan. During the quarter, Baidu reported adjusted net income of 7.27 billion yuan, up 23% from 5.89 billion yuan for the same period last year.
Persons: Tingshu Wang, Ernie, Rong Luo, Luo, Alibaba, Yuvraj Malik, Varun H, Miral Fahmy, Sharon Singleton Organizations: Baidu, REUTERS, HK, Tuesday, International Monetary Fund, Nvidia, Reuters, Huawei, Thomson Locations: Beijing, China, Washington, Bengaluru, Yelin Mo
Sam Altman's ouster has been so unpopular that most OpenAI workers have threatened to quit. The chaotic ouster of Sam Altman from OpenAI offers lessons around corporate stewardship and about seizing opportunity . It's a remarkable and uncommon show of support for a top dog at a company, leadership experts told Business Insider. Young, leadership expert and author of "Kissinger's Betrayal: How America Lost the Vietnam War" told BI. "Emotions and personalities play a much greater role in the small company," he said.
Persons: Sam Altman's, , didn't, Sam Altman, It's, Satya Nadella, Altman, Jamie Dimon, Warren, Jeff Bezos, Jerry McGuire, Jeffrey Sonnenfeld, Sonnenfeld, who's, Steve Jobs, it's, Ken Frazier, Merck, Indra Nooyi, Marc Benioff, Benioff, Stephen B . Young, Young Organizations: Service, OpenAI, JPMorgan, Yale School of Management, Yale's, Leadership, Apple, PepsiCo Locations: Salesforce, Vietnam
Satya Nadella has strengthened Microsoft by snapping up Sam Altman amid the ongoing drama at OpenAI. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAs the rapidly unfolding saga at OpenAI continues, key players and observers in the tech industry have been heaping praise on Satya Nadella for his clever strategizing. He wrote in an X post , "You now understand why Satya Nadella is one of the greatest tech CEOs of this generation." "Incredible execution by Satya in one of the most dynamic situations in tech history," he said in an X post .
Persons: Satya Nadella, Sam Altman, Dan Ives, Altman, , OpenAI, Nadella, Greg Brockman, Brockman, Aviral Bhatnagar, Aaron Levie, Satya, Jim Fan, Fan, Altman's, doesn't, it's, Sam Organizations: Microsoft, Service, Guardian, Bloomberg, Wedbush, Business, Venture, RBC Capital Markets, Nvidia Locations: OpenAI
AdvertisementIf Sam Altman needs advice on what working at Microsoft is like , he can ask Emmett Shear, the man who replaced him. OpenAI's new boss previously said working at Microsoft, which has invested upward of $10 billion in the AI startup, was like selling his soul. The Twitch cofounder was appointed interim OpenAI CEO on Sunday night , after negotiations to bring back Sam Altman fell through. AdvertisementIn the same post, he said that Sam Altman and Greg Brockman would be joining Microsoft to head up a new AI team. OpenAI and Microsoft did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Emmett Shear, Sam Altman, , OpenAI's, Shear, Altman, Satya Nadella, Nadella, Greg Brockman Organizations: Microsoft, Service, Bloomberg, Business Locations: OpenAI
OpenAI's board of directors fired Sam Altman, the man behind ChatGPT, in a shock move on Friday. OpenAI's board announced Friday that Altman is out saying it "no longer has confidence in his ability to continue leading OpenAI." The board consisted of six people including OpenAI's president and cofounder Greg Brockman, OpenAI's chief scientist Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner and Sam Altman himself. He pointed out that even CEOs are "at-will employees," at US companies, but that OpenAI's board "behaved like a bunch of kids" and "erratically" in this instance. Most of OpenAI's board members don't own shares in the company, including Sam Altman himself who chose not to take any equity in, which ultimately limited his power and influence.
Persons: Sam Altman, ChatGPT, OpenAI's, , Altman, Greg Brockman, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Brockman, John Bates, It's, they've, Satya Nadella, Kara Swisher's, Bates, Marissa Mayer, X, Mayer, Mark Zuckerberg, Zuckerberg, what's Organizations: Microsoft, Service, Cambridge University, Google, Meta Locations: British
Satya Nadella says Microsoft welcomes AI talent who want to leave OpenAI. "We will definitely have a place for all AI talent to come here," he said on Kara Swisher's podcast. AdvertisementMicrosoft CEO Satya Nadella says his company is open to taking in AI talent who want to leave OpenAI following the ouster of its former CEO Sam Altman. Emmett Shear, the former CEO of Twitch, was named the new interim CEO of OpenAI on the same day. AdvertisementRepresentatives for Microsoft and OpenAI did not immediately respond to requests for comment from Business Insider sent outside regular business hours.
Persons: Satya Nadella, Kara Swisher's, Sam Altman, , Greg Brockman, Emmett Shear, Altman, Nadella, Kara Swisher, Marc Benioff, Silvio Savarese, Benioff, OpenAI Organizations: Service, Microsoft, Salesforce, Business Insider Locations: OpenAI
Microsoft CEO Satya Nadella said that he wants changes to the OpenAI board after it fired Sam Altman. During these interviews, he offered nothing but praise for recently ousted OpenAI CEO Sam Altman but made comments about OpenAI's board governance. "We just want to make sure that things are done in a way that will allow us to continue to partner well," Nadella told the outlet. Nadella told Swisher that he was blindsided by the Friday ousting of Altman by the board of directors. "I've not been told about anything," Nadella told Bloomberg TV Monday.
Persons: Satya Nadella, Sam Altman, Nadella, Altman, , Kara Swisher, BloombergTV, Swisher, Sam, Greg Brockman, wasn't Organizations: Service, CNBC, Microsoft, OpenAI, Bloomberg Locations: OpenAI
Emmett Shear tweeted in July that he once interned at Microsoft, and likened it to selling his soul. The OpenAI CEO is a prolific tweeter who posts about anything from sexual fantasies to Nazis vs AI. AdvertisementAs he announced he was taking the CEO role on Sunday, Shear tweeted a tamer nod to Microsoft. Just days before he accepted the OpenAI CEO role, he opined that the CEO job is likely one that can be replaced by computers. Microsoft did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
Persons: Emmett Shear, helms, , Shear, Twitch, he's, Altman, Satya Nadella Organizations: Microsoft, Service, Business Insider
Chaos at OpenAI ensues
  + stars: | 2023-11-21 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +9 min
In today's big story, we're looking at the continued fallout from the shocking Sam Altman ouster at OpenAI. Altman is alive and well, but his run as CEO of OpenAI ended abruptly on Friday. But in the days since his firing, he's escaped a messy weekend looking like the ultimate hero, Business Insider's Katie Notopoulos writes. To be fair, Microsoft CEO Satya Nadella and OpenAI CEO Emmett Shear don't seem to know why either. Meanwhile, Salesforce's Marc Benioff is already actively recruiting OpenAI employees on X.
Persons: , Sam Altman, Altman, OpenAI, he's, Katie Notopoulos, Altman isn't, Ilya Sutskever —, Sutskever, Kali Hays, Satya Nadella, Emmett Shear, Satya Nadella Stephen Brashear, Julie Bort, Microsoft's Nadella, Nadella, that's, Madeline Renbarger, That's, It's, Kali, Ashley Stewart, Salesforce's Marc Benioff, Scott Olson, Bridgewater's, Greg Jensen, Jim Chanos, Elon, New York Jefferson Siegel, Nvidia's, Jensen Huang, execs, Elon Musk, Linda Yaccarino, Arantza Pena Popo, Camila Téllez, Melkorka, Téllez, Carly Rae Jepsen, Björk, Colleen Ballinger, Clinton, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Microsoft, Getty, BlackRock, Reuters, Nvidia, Elon, HP, Nordstrom, Clinton Lee Locations: OpenAI, Silicon Valley, Bridgewater, New York, Texas, Millennials, New York City, San Diego, London
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