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More than 700 OpenAI employees have demanded that former CEO Sam Altman be reinstated after the company’s board fired him on Friday. Photo: Justin Sullivan/Getty ImagesThe future of OpenAI was in jeopardy Monday, as the vast majority of employees threatened to quit if the board that fired the company’s CEO, Sam Altman , didn’t resign itself and restore him to power. Microsoft CEO Satya Nadella said late Sunday that the company was hiring Altman and Greg Brockman , OpenAI’s president who resigned in protest after Altman was ousted, and was opening its doors to more joining from the company behind viral chatbot ChatGPT.
Persons: Sam Altman, Justin Sullivan, OpenAI, didn’t, Satya Nadella, Altman, Greg Brockman Organizations: Microsoft
Companies Microsoft Corp FollowOpenai LLC FollowNov 20 (Reuters) - Sam Altman will not return as the CEO of OpenAI and ex-Twitch boss Emmett Shear will become the new interim boss, The Information reported on Sunday, citing board director Ilya Sutskever's statement to the company's staff. The report said distraught employees "streamed out" of OpenAI headquarters in San Francisco shortly after the decision was announced internally. [1/2]Sam Altman, CEO of Microsoft-backed OpenAI and ChatGPT creator speaks during a talk at Tel Aviv University in Tel Aviv, Israel June 5, 2023. The appointment of Shear also means that Murati will not stay as the interim CEO, the report said. If Altman returns to OpenAI, Microsoft (MSFT.O), its biggest backer, is considering taking a role on the board, the Information reported on Sunday, citing two people familiar with the talks.
Persons: Sam Altman, Emmett Shear, Ilya Sutskever's, Altman, Sutskever, OpenAI, Amir Cohen, Rights Altman, Greg Brockman, Mira Murati, Shear, Brockman, Szymon Sidor, Sidor, Urvi Dugar, Stephanie Kelly, Nivedita Bhattacharjee, Miyoung Kim, Sam Holmes Organizations: Microsoft, Reuters, Tel Aviv University, REUTERS, Rights, Sunday, Amazon.com Inc, OpenAI, Thomson Locations: San Francisco, Tel Aviv, Israel, Bengaluru, New York
Sam Altman’s bid to return to artificial intelligence company OpenAI faltered on Sunday, as the board that fired him didn’t agree to the proposed terms of his reinstatement. Photo: Patrick T. Fallon/Agence France-Presse/Getty ImagesSAN FRANCISCO—Microsoft said it is hiring Sam Altman to helm a new advanced artificial-intelligence research team, after his bid to return to OpenAI fell apart Sunday with the board that fired him declining to agree to the proposed terms of his reinstatement. Microsoft Chief Executive Satya Nadella posted on X (formerly Twitter) late Sunday that Altman and Greg Brockman , OpenAI’s president and co-founder who resigned Friday in protest over Altman’s ouster, will lead its team alongside unspecified colleagues. Nadella said Microsoft was committed to its partnership with OpenAI and that it would move quickly to provide Altman and Brockman with “the resources needed for their success.”
Persons: Sam Altman’s, OpenAI, Patrick T, Sam Altman, Satya Nadella, Altman, Greg Brockman, Nadella, Brockman, Organizations: Fallon, Agence France, Microsoft, OpenAI
A timeline of Sam Altman's firing and dramatic return to OpenAI
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: +1 min
Companies Openai LLC FollowMicrosoft Corp FollowNov 21 (Reuters) - OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center of the global artificial intelligence boom. [1/2]Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. REUTERS/Carlos Barria Acquire Licensing RightsFollowing his surprise dismissal on Friday, Altman had briefly joined Microsoft (MSFT.O) as the head of artificial intelligence research along with the ChatGPT maker's former President Greg Brockman and other staff. The developments come less than a year after OpenAI kicked off a generative AI frenzy with the launch of viral chatbot ChatGPT and bagged Microsoft as an investor, among other big names. Reporting by Akash Sriram in Bengaluru; Editing by Shounak Dasgupta and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: OpenAI, Sam Altman, Carlos Barria, Altman, Greg Brockman, Akash Sriram, Shounak Dasgupta, Nivedita Organizations: Microsoft, Economic Cooperation, REUTERS, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru
The A.I. Industry Was Upended
  + stars: | 2023-11-20 | by ( Matthew Cullen | ) www.nytimes.com   time to read: +1 min
The future of OpenAI, the start-up that quickly became a titan of the artificial intelligence industry after its release of ChatGPT last year, is in doubt. In a series of head-spinning developments over the last 24 hours, the company briefly considered and then rejected a proposal to bring Altman back. Shortly after, both Altman and Greg Brockman, a co-founder of OpenAI, were hired by Microsoft to run a new A.I. The upheaval is probably not over, and it could be a while before the new landscape of the A.I. industry is clear.
Persons: ChatGPT, Sam Altman, Altman, Greg Brockman, , Kevin Roose, Organizations: Microsoft Locations: OpenAI
What You Need to Know About the OpenAI Drama
  + stars: | 2023-11-20 | by ( ) www.wsj.com   time to read: +1 min
News of OpenAI CEO Sam Altman's surprise ouster dominated tech news this past weekend, and it continues to swirl today. Altman and others have also pushed for a new board at OpenAI. Mira Murati, OpenAI's chief technology officer, had briefly held the position after Altman was removed. ... Those clients will need to know that Microsoft’s vital code can’t be scrambled by a Silicon Valley soap opera." Part of the backdrop: investor enthusiasm for the potential of AI technology, which has driven several stocks higher this year.
Persons: Sam Altman's, doesn't, Altman —, Greg Brockman — aren't, Altman, Brockman, OpenAI, Emmett Shear, Mira Murati, Joanna Stern, Heard, Dan Gallagher's Organizations: Microsoft
The past few days have been chaotic for the AI industry, with technology experts weighing what this could mean for the nascent sector and some of its key players. But Altman's move could simply be a case of "damage control" for Microsoft, according to Richard Windsor, founder of digital research company Radio Free Mobile. Microsoft began investing in OpenAI as early as 2019, initially with around $1 billion. "A large amount of that value is tied up in the founders and in the engineers that are inside the company," Windsor said. Meanwhile, other tech experts have been backing Microsoft CEO Satya Nadella's swift move to hire Altman in-house.
Persons: Sam Altman, Mira Murati, OpenAI, Emmett Shear, Altman, Greg Brockman, Richard Windsor, Bing, Windsor, Satya Nadella's Organizations: Twitch, Microsoft, Radio Free Mobile Locations: OpenAI
Sutskever once burned a wooden effigy to show his commitment to safe AI, The Atlantic reported. AdvertisementIlya Sutskever, a cofounder of OpenAI and its chief scientist, once burned a wooden effigy to show his commitment to creating artificial intelligence aligned with humanity's interests, The Atlantic reported. It appears Altman's dramatic ousting was prompted by fears over the speed of AI development, with Sutskever at the center. The outlet reported that Sutskever commissioned a local artist to make a wooden effigy representing "unaligned" AI. And to symbolize OpenAI's dedication to creating AI in humanity's best interests, Sutskever burnt the effigy, per The Atlantic.
Persons: Ilya Sutskever, Sam Altman's, Sutskever, , Sam Altman, Greg Brockman, Altman, OpenAI Organizations: Bloomberg, Service, Microsoft, New York Times, Google
Sam Altman, CEO of OpenAI, attends the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 16, 2023. Former OpenAI CEO Sam Altman will be joining Microsoft to lead a new advanced AI research team, according to Microsoft CEO Satya Nadella. OpenAI's board announced late Friday that it was removing Altman and replacing him on an interim basis with technology chief Mira Murati. This did not dissuade a group of OpenAI investors, who were pushing to bring Altman back as CEO over the weekend. Late Sunday night, OpenAI said it was bringing on board former Twitch CEO Emmett Shear to run the artificial intelligence company.
Persons: Sam Altman, Satya Nadella, Nadella, Altman, Greg Brockman, reshared, OpenAI's, Mira Murati, OpenAI, Emmett Shear, Brockman — Organizations: Economic Cooperation, Microsoft, Tech, OpenAI, Microsoft Ignite Locations: Asia, San Francisco , California, U.S
Emmett Shear is set to become OpenAI's interim CEO, the third in as many days. He previously crossed paths with Sam Altman at Y Combinator's inaugural class in 2005. AdvertisementEmmett Shear announced at 1 a.m. PT Monday that he would become OpenAI's interim CEO. Shear becomes the third person in as many days to take the reins at OpenAI, after the previous interim CEO, Mira Murati, publicly supported Altman amid the chaos. And back in 2014, Altman introduced Shear during a talk about startups at Stanford University.
Persons: Emmett Shear, Sam Altman, Y, Altman, , Greg Brockman, Shear, Mira Murati, Y Combinator Organizations: Stanford University, Service, Microsoft, Amazon Locations: OpenAI
Zoom Video Communications — The software stock added nearly 2% ahead of its third-quarter earnings due after market close. The Professional Fighters League announced on Monday that it completed its acquisition of mixed martial arts brand Bellator from Paramount. Penn Entertainment — The gambling stock jumped 7% on the heels of a Bank of America upgrade to buy from neutral. Boeing — The aerospace stock jumped 4% after Deutsche Bank upgraded the shares to a buy rating from hold. Chegg — Shares of the education technology company dropped 5% following a downgrade to underweight from equal weight by Morgan Stanley.
Persons: Wells, Sam Altman, Greg Brockman, Raymond James, Morgan Stanley, Krispy Kreme, Iovance, Goldman Sachs, Terri Kelly, Kelly, Peter Grom, , Alex Harring, Yun Li, Lisa Kailai Han, Sarah Min, Michelle Fox Organizations: Communications, FactSet, Paramount, Professional Fighters League, Bellator, Penn Entertainment, Bank of America, ESPN Bet, Spectrum Brands, Microsoft —, Microsoft, Nvidia, Boeing, Deutsche Bank, JPMorgan, Caterpillar —, HSBC, United Rentals — United Rentals, Bristol Myers, Energizer Holdings, UBS, RBC Capital Markets Locations: FactSet
CNN —Microsoft’s CEO Satya Nadella hinted on Monday that he was still open to Sam Altman rejoining OpenAI – despite an announcement earlier in the day that Altman would join Microsoft’s artificial intelligence innovation division. Nadella said he was “open to both options” when asked in a Monday CNBC interview whether Altman would actually join Microsoft. “Look, that is for the OpenAI board and management and the employees to choose,” Nadella said. With a $13 billion investment in OpenAI, Microsoft is one of the company’s biggest backers. “Let’s just say it’s fantastic to have lots of capable people who can become CEOs of Microsoft,” Nadella said.
Persons: CNN —, Satya Nadella, Sam Altman, OpenAI, Altman, Nadella, ” Nadella, , , Greg Brockman, Mira Murati, Twitch, Emmett Shear –, mulling, Greg, they’re, Kara Swisher’s “, Nadella demurred, “ Let’s Organizations: CNN, CNBC, Microsoft Locations: OpenAI
Hundreds of OpenAI employees, including co-founder and board member Ilya Sutskever, have signed a letter demanding that either OpenAI's remaining board members resign or those OpenAI employees will join Sam Altman's new venture at Microsoft , reports said. Five hundred and five OpenAI employees have signed the letter, Kara Swisher reported, representing the overwhelming majority of OpenAI's headcount. Multiple OpenAI employees voiced their support on social media as well. Altman was forced out Friday by OpenAI's board, including Sutskever, which cited unspecified issues with his communications. Microsoft CEO Satya Nadella on Sunday announced that Altman and fellow OpenAI co-founder Greg Brockman would join the company in a new, largely independent venture.
Persons: Sam Altman, Ilya Sutskever, Sam Altman's, Kara Swisher, Mira Murati, Brad Lightcap, Murati, Twitch, Emmett Shear, Sutskever, Altman, OpenAI's, Altman's, Satya Nadella, OpenAI, Greg Brockman, OpenAI wasn't, — CNBC's Jordan Novet, Hayden Field Organizations: OpenAI, Tech, Microsoft, Wired, CNBC, Sunday Locations: Laguna Beach , California, Sequoia, OpenAI
Elon Musk poked fun at Sam Altman and OpenAI following his shock departure. Altman was fired by the board over Google Meet, despite Microsoft investing billions in OpenAI. — Elon Musk (@elonmusk) November 20, 2023Musk seems to have been reveling in the drama surrounding the firing of Altman. AdvertisementAltman was fired by OpenAI's board on Friday, after board members said he had not been "consistently candid" in his discussions with them. Elon Musk has expressed similar concerns in the past, and has called on the board to explain its reasoning for firing Altman .
Persons: Elon, Sam Altman, OpenAI, Altman, , Elon Musk, OpenAI —, Satya Nadella's, Greg Brockman, — Elon Organizations: Google, Microsoft, Service
of OpenAI, the leader in commercializing generative A.I. By Monday, he had not only been fired by his board — he had also joined Microsoft, the start-up’s biggest backer. A recap:OpenAI’s board fired Altman for not being “consistently candid.” Greg Brockman, another co-founder, was stripped of his chairman title and quit. Talks to bring Altman back broke down, with OpenAI’s board eventually naming Emmett Shear, the former C.E.O. (Some OpenAI employees workers wrote on X that “OpenAI is nothing without its people,” posts that Altman liked.)
Persons: Sam Altman, Altman, Greg Brockman, OpenAI —, , Emmett Shear, Mira Murati, Brockman, Ilya Sutskever, Elon Musk, Geoffrey Hinton Organizations: Microsoft, up’s, OpenAI Locations: OpenAI, ChatGPT
OpenAI's new CEO, Emmett Shear, criticized Sam Altman's ousting as damaging trust in the company. AdvertisementThe new CEO of OpenAI said the way Sam Altman was ousted was "handled very badly" and has "seriously damaged our trust." "And it's clear that the process and communications around Sam's removal has been handled very badly, which has seriously damaged our trust." AdvertisementShear claims he accepted the "once-in-a-lifetime opportunity" to step up as the interim CEO only "a few hours" after he got the call offering him the top job. It comes after OpenAI cofounder Altman was forced out of the company Friday.
Persons: Emmett Shear, Sam Altman's, Shear, wasn't, , OpenAI, Sam Altman, Altman, Insider's Kali Hays, Ashley Stewart, Satya Nadella, Greg Brockman Organizations: Service, West Coast, Microsoft Locations: West
Stocks soared Monday as as bond yields slipped and Microsoft stock surged to a new high. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementUS stocks rose on Monday, led higher by falling bond yields and a surge in Microsoft shares, which touched a new all-time-high in the session. "We view Microsoft now even in a STRONGER position from an AI perspective with Altman and Brockman at MSFT running AI."
Persons: Stocks, , Sam Altman, Greg Brockman, Altman, Brockman Organizations: Microsoft, Treasury, Dow, Service, Nvidia, Dow Jones Industrial Locations: OpenAI, Here's
New York CNN —Microsoft stock reached a record high on Monday after the company said that Sam Altman, former chief executive of OpenAI, will join the company to head its artificial intelligence innovation leg. Shares of Microsoft fell 1.7% on Friday, when Sam Altman was ousted from his position at OpenAI in a boardroom coup. Microsoft is the artificial intelligence firm’s biggest stakeholder, with a $13 billion investment in the company. Emmett Shear, former CEO of Amazon-owned streaming service Twitch, will replace OpenAI chief technology officer Mira Murati as interim chief executive. Dan Ives, tech analyst at Wedbush Securities, reiterated his $425 price target for Microsoft’s stock following Altman’s and Brockman’s hires.
Persons: Sam Altman, Greg Brockman, OpenAI, Emmett Shear, Mira Murati, Wall Street’s, Dan Ives, Brockman’s, Altman, Brockman, Ives Organizations: New, New York CNN, Microsoft, OpenAI, Amazon, Wedbush Securities Locations: New York
The gain came after Satya Nadella said that former OpenAI CEO Sam Altman would join the company. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMicrosoft's stock price hit an all-time high Monday, as investors reacted to former OpenAI CEO Sam Altman joining the Big Tech giant. That increase added $54 billion of market value to the tech giant and extended its torrid year-to-date stock gain to 57%. The stock rose after Microsoft CEO Satya Nadella announced Monday that the company had hired Altman, as well as former OpenAI president Greg Brockman.
Persons: Satya Nadella, Sam Altman, , Altman, Greg Brockman, Nadella, Emmett Shear, Joshua Mahony, Monday's Organizations: Microsoft, Service, Big Tech, OpenAI, Twitch, Bing, Markets
Microsoft emerges as big winner from OpenAI turmoil
  + stars: | 2023-11-20 | by ( Aditya Soni | ) www.reuters.com   time to read: +3 min
[1/2] Microsoft Chief Executive Officer (CEO) Satya Narayana Nadella speaks at a live Microsoft event in the Manhattan borough of New York City, October 26, 2016. The turmoil at OpenAI since Friday had raised fears about the fallout for Microsoft, which has pumped in billions of dollars and uses the pioneer's technology for most of its AI offerings. That was nearly equal to the valuation OpenAI commanded in its last fundraise. We view Microsoft now even in a stronger position with Altman and Brockman at Microsoft running AI. "The OpenAI for-profit subsidiary was about to conduct a secondary at a $80 billion+ valuation.
Persons: Satya Narayana Nadella, Lucas Jackson, Sam Altman, Altman, Dan Ives, Brockman, OpenAI, Greg Brockman, Szymon Sidor, SemiAnalysis, Mira Murati, Aditya Soni, Akash Sriram, Sriraj Organizations: Microsoft, REUTERS, Google, Wedbush Securities, Thomson Locations: Manhattan, New York City, OpenAI, Bengaluru
That was nearly equal to the valuation OpenAI commanded in its last fundraise. "If Microsoft lost Altman, he could have gone to Amazon, Google, Apple, or a host of other tech companies," said Wedbush Securities analyst Dan Ives. We view Microsoft now even in a stronger position with Altman and Brockman at Microsoft running AI. Altman will lead a new research team at the software giant following his surprise ouster by OpenAI that shocked the tech industry. "The OpenAI for-profit subsidiary was about to conduct a secondary at a $80 billion+ valuation.
Persons: Satya Narayana Nadella, Lucas Jackson, Sam Altman, Altman, Dan Ives, Brockman, OpenAI, Greg Brockman, Szymon Sidor, SemiAnalysis, Mira Murati, Aditya Soni, Akash Sriram, Sriraj Organizations: Microsoft, REUTERS, Google, Wedbush Securities, Thomson Locations: Manhattan, New York City, OpenAI, Bengaluru
OpenAI's new interim CEO has said AI could potentially take over jobs like his. Much of the CEO role, Emmett Shear tweeted on Thursday, can be automated. Shear was appointed as OpenAI's top exec after Sam Altman was ousted on Friday by the company board. AdvertisementEmmett Shear, OpenAI's new interim CEO, thinks artificial intelligence can perform most of a CEO's responsibilities. Shear, who was previously the CEO of streaming platform Twitch, reposted a 2021 article that suggested companies automate CEO roles.
Persons: Emmett Shear, Shear, Sam Altman, , Will Dunn, Twitch, Altman, OpenAI's, Greg Brockman — OpenAI's, Satya Nadella, Nadella Organizations: Service, The New Statesman, Business Insider, Microsoft Locations: OpenAI
Microsoft CEO Satya Nadella said both Altman and Greg Brockman were joining the company. The move follows a chaotic weekend for Altman after he was ousted as CEO of OpenAI. AdvertisementFormer OpenAI CEO Sam Altman is joining Microsoft. Microsoft CEO Satya Nadella announced on Monday he was adding both Altman and former OpenAI president Greg Brockman to the company's ranks. In a post on X, Brockman said the new Microsoft team would comprise him, Altman, Aleksander Madry, Szymon Sidor, Jakub Pachocki.
Persons: Sam Altman, Satya Nadella, Altman, Greg Brockman, , Nadella, Emmett Shear, ChatGPT, Mira Murati, Brockman, Aleksander Madry, Szymon Sidor, Jakub Pachocki Organizations: Microsoft, Service, OpenAI, Twitch
Microsoft announced Monday that it has hired Sam Altman and another architect of ChatGPT maker OpenAI after they unexpectedly departed the company days earlier in a corporate shakeup that shocked the artificial intelligence world. Microsoft Chairman and CEO Satya Nadella tweeted that the U.S. tech giant is committed to its partnership with OpenAI, whose chatbot kicked off the generative AI craze by producing human-like text, images, video and music. Microsoft invested billions of dollars in the startup and helped provide the computing power to run its AI systems. “We’re extremely excited to share the news that Sam Altman and Greg Brockman, together with colleagues, will be joining Microsoft to lead a new advanced AI research team,” Nadella said. The Associated Press and OpenAI have a licensing and technology agreement allowing OpenAI access to part of the AP’s text archives.
Persons: Sam Altman, OpenAI, Satya Nadella, Nadella, Emmett Shear, OpenAI's, Greg Brockman, ” Nadella, Altman, Brockman, Mira Murati, It's, Shear, didn't, , Valley’s, ” OpenAI Organizations: Microsoft, OpenAI, Associated Press Locations: U.S
Sam Altman and Greg Brockman are open to returning to OpenAI — if the board step down, The Verge reports. AdvertisementEx-OpenAI leaders Sam Altman and Greg Brockman are reportedly considering going back to OpenAI — if the board members who ousted Altman decide to step down. Their apparent consideration, reported by The Verge, comes days after OpenAI ousted Altman. I never intended to harm OpenAI," Sutskever wrote in an X post on Monday. Some people are now saying Sam Altman could see a similar — though compressed — situation: being fired by the board and coming back wrapped in glory.
Persons: Sam Altman, Greg Brockman, Altman, Brockman, Ilya Sutskever, , OpenAI, Ilya Sutskever —, Sutskever, we've, Steve Jobs, Justin Sullivan, OpenAI —, Microsoft didn't, Jobs Organizations: Microsoft, Service, Apple
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