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Wait, was Sam Altman fired over ... vibes?
  + stars: | 2023-11-22 | by ( Katie Notopoulos | ) www.businessinsider.com   time to read: +2 min
Sam Altman has returned to OpenAI as CEO, but the details of exactly why the board pushed him out in the first place are still a mystery. They said that Altman wasn't candid, and often got his way. From that description, it sounds like the board really couldn't pinpoint exactly what was wrong, other than some sort of ~bad vibes~. (And the board couldn't even name them!) But ultimately, they did have a point: In the end, Altman got his way.
Persons: Sam Altman, Satya Nadella, hadn't, Emmett Shear, Altman Organizations: Microsoft, Street
Bret Taylor, formerly co-CEO of Salesforce, and Larry Summers, former U.S. Treasury Secretary, will join Quora CEO and current director Adam D'Angelo, OpenAI said. Altman said in a post on X, "i'm looking forward to returning to openai." In a statement on X, Microsoft CEO Satya Nadella welcomed the changes to OpenAI's board. In a post on X, Shear celebrated the late-night outcome Tuesday, which he said followed "~72 very intense hours of work." Following this show of solidarity, Altman wrote on X: "we have more unity and commitment and focus than ever before."
Persons: Sam Altman, Bret Taylor, Larry Summers, Adam D'Angelo, OpenAI, Altman, Satya Nadella, Altman's, OpenAI's, Emmett Shear, Sam Altman's, Susannah Streeter, Hargreaves Lansdown, Shear, Greg Brockman, Brockman, Jeffrey Dastin, Tanna, Bansari, Dhanya Ann Thoppil, Nivedita Bhattacharjee, Sam Holmes Organizations: Microsoft, U.S . Treasury, Quora, Hargreaves, Reuters, Thomson Locations: openai, San Francisco, Bengaluru
The ousting of Sam Altman by most of OpenAI's board members appears to have badly backfired. AdvertisementThe dramatic coup by most of OpenAI's board members seems to have epically backfired. Their master plan to topple Sam Altman has failed – and it's cost them their seat at the table. Less than a week after the board pushed him out as CEO, Altman is boomeranging back to the company. His fellow previous board members were Greg Brockman, who was also chair; Ilya Sutskever, Tasha McCauley; Helen Toner; and Altman.
Persons: Sam Altman, Adam D'Angelo, OpenAI, D'Angelo, Bret Taylor, Larry Summers, , Altman, he'll, Greg Brockman, Ilya Sutskever, Tasha McCauley, Helen Toner, McCauley, Toner, Mira Murati, Emmett Shear, Sutskever, Kali Hays Organizations: Service, Microsoft Locations: OpenAI
Sam Altman found out he was getting fired from OpenAI while he was in Las Vegas, per WSJ. He was at the Las Vegas Grand Prix when he got the news. Altman took the fateful Google Meet call with the board in his hotel room in Las Vegas, per The Journal. Altman's firing as CEO was abruptly announced by OpenAI last Friday, midway through the F1 Las Vegas Grand Prix that took place from November 16 to 18. In its statement on Altman's departure, OpenAI's board said he "was not consistently candid in his communications" with them.
Persons: Sam Altman, Altman, , OpenAI, Emmett Shear, OpenAI's Organizations: Las Vegas, Prix, Microsoft, Service, Formula, Las, Street, Vegas, OpenAI, Business Insider, Twitch, Bloomberg Locations: OpenAI, Las Vegas, Vegas, Silicon
ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. Sam Altman, left, appears onstage with Microsoft CEO Satya Nadella at OpenAI's first developer conference, on Nov. 6, 2023, in San Francisco. OpenAI’s board was also reportedly having second thoughts and considering asking the ousted CEO to return. Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found. “We are encouraged by the changes to the OpenAI board,” Nadella said on X.
Persons: Elon, Sam Altman —, , OpenAI, ChatGPT, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, , what’s, ” Brockman, Kara Swisher, Sam Altman, Satya Nadella, Barbara Ortutay, Nadella, Brockman, Emmett Shear, Murati, ” Nadella, , Justin Sullivan, Bret Taylor, Larry Summers, Adam D’Angelo, Shear, Organizations: New Delhi CNN, Valley Bank, Google, Microsoft, OpenAI's, Sunday, OpenAI, CNBC, Twitter Locations: New York, New Delhi, OpenAI, San Francisco, San Francisco , California
Sam Altman will return as CEO of OpenAI, the startup said early Wednesday morning on X, formerly known as Twitter. The move follows immense pressure from employees and investors on the board that ousted him less than a week ago. Former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers will join OpenAI's board, the Microsoft-backed startup said, with Taylor holding the chair position. Adam D'Angelo, co-founder and CEO of question-and-answer startup Quora, will remain on the board. That followed an announcement late Sunday that OpenAI had hired ex-Twitch CEO Emmett Shear as Altman's interim replacement.
Persons: Sam Altman, Salesforce, Bret Taylor, Larry Summers, Taylor, Adam D'Angelo, OpenAI, Ilya Sutskever, Altman, Satya Nadella, Greg Brockman, Emmett Shear, Mira Murati, msft, Nadella, Sam, Greg, OAI Organizations: OpenAI, Twitter, Microsoft, Tiger, Sequoia Capital Locations: openai
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 20 (Reuters) - OpenAI's board of directors approached rival Anthropic's CEO about replacing chief Sam Altman and potentially merging the two AI startups, according to two people briefed on the matter. The news, reported earlier by The Information on Monday, follows various reported calls to find Altman's successor days after OpenAI's board ousted him. OpenAI declined to comment and board member Adam D'Angelo did not immediately respond to a request for comment. On Sunday the board offered ex-Twitch CEO Emmett Shear to be its interim chief, who accepted. By Monday, nearly all of the startup's more than 700 employees threatened to quit, including one of its executives on OpenAI's now four-person board.
Persons: Dado Ruvic, Sam Altman, Dario Amodei, OpenAI's, OpenAI, Adam D'Angelo, Emmett Shear, Altman, Anthropic, Claude, Jeffrey Dastin, Urvi, Nivedita Bhattacharjee, Sam Holmes Organizations: REUTERS, Sunday, Microsoft, OpenAI, Google, Thomson Locations: San Francisco, Bengaluru
Morning Bid: Risk rally rages on
  + stars: | 2023-11-21 | by ( ) www.reuters.com   time to read: +3 min
The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, November 20, 2023. The dollar index , which measures the U.S. currency against six of its peers, fell to its lowest since Aug. 31. A Reuters poll showed analysts expect the index to continue its more-than-28% rally this year into 2024 to reach a three-decade high of 35,000 by end-June. With the economic calendar bare in Europe, the rally may fizzle out although futures indicate European stock markets are set for a slightly higher open. The spotlight will shine bright on earnings from artificial intelligence chip leader Nvidia (NVDA.O), with expectation of another blockbuster revenue forecast.
Persons: Ankur Banerjee, OpenAI, Emmett Shear, Sam Altman, Jacqueline Wong Organizations: REUTERS, Staff, Ankur, Federal, Lower Treasury, Japan's Nikkei, Nvidia, Microsoft, Reuters, Palestinian, Thomson Locations: Frankfurt, Germany, Asia, Pacific, Japan, Lower, Europe, Israel, Gaza, Canada
Emmett Shear ’s sudden appointment as OpenAI CEO late Sunday puts him at the center of high-stakes drama within the company and in the world of artificial intelligence. Shear, the co-founder of the popular videogame-livestreaming service Twitch, became OpenAI’s interim chief executive after the surprising and dramatic ouster of its former boss Sam Altman over the weekend.
Persons: Emmett Shear ’, Sam Altman
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
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
The fate of OpenAI hangs in the balance
  + stars: | 2023-11-21 | by ( Brian Fung | ) edition.cnn.com   time to read: +6 min
That has only reinforced the impression that OpenAI’s boardroom drama could take an unexpected turn at any moment. First came the board’s sudden promotion of OpenAI’s chief technology officer, Mira Murati, as Altman’s replacement on Friday — made in the same breath as Altman’s firing. Whether Altman is working for Microsoft or OpenAI won’t change the ultimate result, Nadella argued to Swisher, which is that Microsoft benefits from his work. Much is still unclear about the board’s exact reasons for firing Altman. OpenAI’s newest interim CEO, Emmett Shear, has denied that the firing was due to any “specific” disagreement on AI safety.
Persons: that’s, Sam Altman, Monday, Altman, Satya Nadella, ” Nadella, Kara Swisher, we’re, That’s, Mira Murati, , Murati, Altman’s, Ilya Sutskever, OpenAI, Nadella, Swisher, Marc Benioff, Emmett Shear, it’s, I’ve, , Charlie Warzel Organizations: CNN, Microsoft, Microsoft’s Locations: Silicon Valley
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
Sam Altman, CEO of OpenAI, attend the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Talks are happening between Altman and at least one board member, Quora CEO Adam D'Angelo, the report said. Altman could return as a director on a transitional board and the talks also involve some investors of the artificial intelligence startup. But things appeared fluid, as Microsoft CEO Satya Nadella told media on Monday "irrespective of where Sam is, he's working with Microsoft" and that governance at OpenAI needed to change. Other than Quora's D'Angelo, OpenAI's four-person board consisted of Tasha McCauley, Helen Toner and OpenAI chief scientist Ilya Sutskever as of Friday.
Persons: Sam Altman, Carlos Barria, Altman, Adam D'Angelo, Greg Brockman, Satya Nadella, Sam, Brockman, Nadella, Emmett Shear, Quora's D'Angelo, OpenAI's, Tasha McCauley, Helen Toner, Ilya Sutskever, Akash Sriram, Chavi Mehta, Devika Syamnath, Arun Koyyur Organizations: OpenAI, Economic Cooperation, REUTERS, Microsoft, Bloomberg, CNBC, Reuters, Thomson Locations: Asia, San Francisco , California, U.S, OpenAI, Bengaluru
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
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
REUTERS/Dado Ruvic/Illustration Acquire Licensing RightsNov 20 (Reuters) - OpenAI's board of directors approached rival Anthropic's CEO about replacing chief Sam Altman and potentially merging the two AI startups, according to two people briefed on the matter. The news, reported earlier by The Information on Monday, follows various reported calls to find Altman's successor days after OpenAI's board ousted him. OpenAI declined to comment and board member Adam D'Angelo did not immediately respond to a request for comment. On Sunday the board offered ex-Twitch CEO Emmett Shear to be its interim chief, who accepted. By Monday, nearly all of the startup's more than 700 employees threatened to quit, including one of its executives on OpenAI's now four-person board.
Persons: Dado Ruvic, Sam Altman, Dario Amodei, OpenAI's, OpenAI, Adam D'Angelo, Emmett Shear, Altman, Anthropic, Claude, Jeffrey Dastin, Urvi, Nivedita Bhattacharjee, Sam Holmes Organizations: REUTERS, Sunday, Microsoft, OpenAI, Google, Thomson Locations: San Francisco, Bengaluru
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
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
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
OpenAI's interim CEO Emmett Shear praised Sam Altman's dealmaking skills in a podcast interview. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementSam Altman, the ex-CEO of OpenAI who got ousted from the company, is more than just the face of ChatGPT. He's also known for his business superpower as a savvy dealmaker, at least according to Emmett Shear, now interim CEO of OpenAI. "Sam Altman is really good at raising money," Shear said on the podcast.
Persons: Emmett Shear, Sam Altman's, Shear, OpenAI CEO's, Altman, , Sam Altman, OpenAI, He's, Twitch, Logan Bartlett, Sam, Bartlett, Altman's, Y, Kevin Bacon, Peter Thiel, Rahul Vohra, Sundar Pichai, Lachy Groom Organizations: Microsoft, Service, Sprint, Verizon, Financial Times, Google Locations: Helion, Silicon Valley
Satya Nadella says OpenAI should've 'consulted' Microsoft before firing former CEO Sam Altman. AdvertisementSatya Nadella says OpenAI should "at the very least" have consulted Microsoft before ousting Sam Altman given its investment in the company. The Microsoft CEO told the "On with Kara Swisher" podcast: "It's not even the money and the capital. On Monday, Nadella announced that he'd hired Altman and former OpenAI president Greg Brockman to head Microsoft's new advanced AI research team. Representatives for Microsoft and OpenAI did not immediately respond to requests for comment from Business Insider, sent outside regular business hours.
Persons: Satya Nadella, OpenAI should've, Sam Altman, Kara Swisher's, OpenAI, , Bing, Kara Swisher, Sam, Someone's, Altman, Emmett Shear, Nadella, he'd, Greg Brockman, Swisher Organizations: Microsoft, Service, Twitch, Business Locations: OpenAI
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
Emmett Shear ’s sudden appointment as OpenAI CEO late Sunday puts him at the center of high-stakes drama in both the world of artificial intelligence and within his new company. Shear, the co-founder of the popular videogame-livestreaming service Twitch, became OpenAI’s interim chief executive after the surprising and dramatic ouster of its former boss Sam Altman over the weekend.
Persons: Emmett Shear ’, Sam Altman
To many, he was considered the human face of generative AI. Those worries over generative AI came to a head with the surprise ousting of Altman, who was also OpenAI's cofounder. “Does the future then belong to the machines?”Sutskever reportedly felt Altman was pushing OpenAI’s software too quickly into users’ hands, potentially compromising safety. The fate of OpenAI is viewed by many technologists as critical to the development of AI. He advocated on social media in September for a "slowing down" of AI development.
Persons: Sam Altman, Altman, Ilya Sutskever, , , Connor Leahy, Sutskever, OpenAI, Biden, Emmett Shear, Greg Bensinger, Kenneth Li, Matthew Lewis Organizations: FRANCISCO, Microsoft, European Union, Thomson Locations: OpenAI, San Francisco
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