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Who is Emmett Shear, the new CEO of OpenAI?
  + stars: | 2023-11-20 | by ( Brian Fung | ) edition.cnn.com   time to read: +6 min
CNN —A sudden and seismic leadership crisis at OpenAI has led to a revolving door of CEOs at the artificial intelligence company, with tech entrepreneur Emmett Shear becoming the latest to take the helm on Monday. But by Monday morning, Altman had accepted a job at Microsoft, the tech giant with a sizable investment in OpenAI, Shear was named interim CEO and hundreds of OpenAI employees — including Murati — were calling for the board’s resignation and threatening to follow Altman to Microsoft. Now, picking up the pieces at OpenAI will be Shear, the 40-year-old co-founder of the video-game live-streaming company Twitch. On Monday, Shear announced he had accepted the job of interim CEO because he believes OpenAI “is one of the most important companies currently in existence.”Whether it can remain so depends on what Shear does next. But with Altman and his allies working in-house at Microsoft, Shear — and whomever succeeds him as OpenAI’s permanent CEO — may forever be overshadowed.
Persons: Emmett Shear, Sam Altman, Mira Murati, Altman, Shear, Murati —, OpenAI “, ” Shear, , He’s, “ You’ll, , OpenAI Organizations: CNN, Microsoft, Twitch, Amazon, Yale, Bing Locations: OpenAI,
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 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
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 . OpenAI, the hottest startup in the world thanks to its chatbot ChatGPT, fired Altman on Friday afternoon. AdvertisementBut according to reports over the weekend, OpenAI investors were scrambling to reinstate Altman before today's opening bell. Advertisement"The board no longer has confidence in his ability to continue leading OpenAI," the post went on to say.
Persons: , Michaels, Sam Altman's, Sam Richard A, Sam Altman, OpenAI, Altman, Greg Brockman, Satya Nadella, It's, Mira Murati, Emmett Shear, Ilya Sutskever, Alistair Barr, Altman wasn't, Alistair, Larry Fink, Fink, Arnd Wiegmann, Warren Buffett, Berkshire Hathaway, Lee Munson, there's, Andy Jassy, Anna Kim, Joe Biden, Harry Truman, Robert F, Kennedy, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Hobby, OpenAI, Microsoft, Altman, BlackRock, Reuters, Berkshire, Wealth, Web, Associated, Turkey, Getty, Wars Locations: OpenAI, BlackRock, Turkey, New York City, San Diego, London, New York
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
OpenAI invites Altman, Brockman to HQ:, The Information reports
  + stars: | 2023-11-19 | by ( ) www.reuters.com   time to read: +1 min
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. REUTERS/Amir Cohen/File Photo Acquire Licensing RightsCompanies Microsoft Corp FollowOpenai LLC FollowNov 19 (Reuters) - Ousted OpenAI CEO Sam Altman and former President Greg Brockman joined executives at the company's San Francisco headquarters on Sunday after interim CEO Mira Murati told staff she invited Altman, The Information reported on Sunday. OpenAI declined to comment to Reuters on the details of the report from The Information. OpenAI’s former president and co-founder, Brockman also arrived at the office on Sunday, The Information reported. Brockman had stepped down from the board as chairman as part of the management shuffle, and announced on Friday he quit the company.
Persons: Sam Altman, Amir Cohen, Greg Brockman, Mira Murati, Altman, Altman's, Brockman, Urvi, Stephanie Kelly, Chris Reese Organizations: Microsoft, Tel Aviv University, REUTERS, San, Sunday, Reuters, Thomson Locations: Tel Aviv, Israel, San Francisco, Bengaluru, New York
Last month, I interviewed Sam Altman and Mira Murati of OpenAI. Now she is taking over his job. Certainly not them. The ouster of OpenAI’s Altman, one of tech’s most visible chief executives, shocked the business and tech world on Friday. It also put the company’s chief technology officer, Murati, in charge of tech’s biggest and most daunting job: leading the AI pioneer without disrupting life as we know it.
Persons: Sam Altman, Mira Murati, OpenAI’s Altman Locations: OpenAI
OpenAI said co-founder Sam Altman is leaving as chief executive. Mira Murati, chief technology officer at the artificial-intelligence company, will serve as interim CEO. Photo: David Paul Morris/Bloomberg NewsOpenAI ’s investors are making efforts to bring back Sam Altman , the chief executive officer who was ousted Friday, the latest development in a fast-moving chain of events at the artificial-intelligence company behind ChatGPT. Altman is thinking about returning but has told investors that if he does return, he wants a new board and governance structure, people familiar with the matter said. He has separately discussed starting a company that would bring on former OpenAI employees, including several who quit in protest over his ouster.
Persons: OpenAI, Sam Altman, Mira Murati, David Paul Morris, Altman Organizations: Bloomberg, ChatGPT
AdvertisementIf Sam Altman can't be convinced to return to OpenAI, Microsoft is in trouble. All of which means that the biggest loser if Altman can't be convinced to return isn't Altman. This OpenAI board is way over its head and the failed coup is now backfiring," investor Dan Ives, an analyst at Webush, told Business Insider. OpenAI only gave Microsoft a few minutes advance warning before announcing Altman's ouster, sources told Business Insider. Earlier this month the company made over 100 announcements of integrations with OpenAI tech across Microsoft's AI tools, AI models, tools in its cloud, the company told Business Insider.
Persons: OpenAI, Sam Altman, Altman, Webush's Dan Ives, , VCs, Vinod Khosla, Greg Brockman, Altman wasn't, isn't Altman, Satya Nadella, Sam, Dan Ives, Brockman, Mira Murati, he's, Ives, ChatGPT Organizations: Microsoft, Service, Khosla Ventures, Chiefs, Nadella, Business, OpenAI, Google Locations: @OpenAI, Mira, Silicon Valley, OpenAI
OpenAI investors are pushing to reinstate Sam Altman, according to Bloomberg and The Wall Street Journal. On Friday, Altman, co-founder of OpenAI, was abruptly removed from his role as CEO. People familiar with the discussions told Bloomberg and The Journal that investors are pressuring the OpenAI's board to reinstall Altman. On Friday, Altman, co-founder of OpenAI, was removed from his role as CEO, blindsiding many within the company and its biggest investor, Microsoft. With Altman out of the company, Mira Murati, OpenAI's chief technology officer and a former Tesla employee, was appointed interim CEO.
Persons: Sam Altman, Altman, Greg Brockman, , Mira Murati, Sam, Brockman Organizations: Bloomberg, Street, Service, Business, Microsoft, OpenAI, Tesla, New York Times
Emmett Shear, former CEO of Twitch, in a Bloomberg Television interview in San Francisco, California, U.S., on Wednesday, Sept. 14, 2016. OpenAI is bringing in former Twitch CEO Emmett Shear to run the artificial intelligence company, two days after the sudden ouster of Sam Altman, CNBC has confirmed. Unlike most Silicon Valley startups, OpenAI wasn't structured like a typical corporation with large chunks of equity controlled by the founders. Shear stepped down as CEO of Twitch, the livestreaming service now owned by Amazon , in March. — CNBC's Ari Levy contributed to this reportWATCH: Madrona's Matt McIlwain talks Sam Altman's departure as OpenAI CEO
Persons: Emmett Shear, Twitch, OpenAI, Sam Altman, Shear, Altman, Mira Murati, didn't, Murati, — CNBC's Ari Levy, Matt McIlwain, Sam Altman's Organizations: Bloomberg Television, CNBC, Bloomberg, Microsoft, Tiger, Sequoia Capital, Amazon, OpenAI Locations: San Francisco , California, U.S
Sam Altman was fired via Google Meet, according to his former colleague Greg Brockman. The ChatGPT maker abruptly fired its CEO, Sam Altman, around noon on Friday, shocking many inside and outside of the company. Was that a snub to Microsoft, OpenAI's lead investor, which makes its own set of workplace communication tools ? They fired Sam Altman on Google Meet? Another person joked on X, "Altman getting fired via Google Meet says everything you need to know about Microsoft Teams."
Persons: Sam Altman, Greg Brockman, , Brockman, Altman, That's, Taksale, Bing, OpenAI's GPT, Mira Murati Organizations: Google, Microsoft, Service, OpenAI Locations: OpenAI, Rishikesh
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's board ousted Sam Altman, its chief executive, on Friday. AdvertisementVCs this weekend have one message for Sam Altman — we're with you. In another X post, he called on OpenAI's board to explain in more detail why they fired Altman. Advertisement"We are grateful for Sam's many contributions to the founding and growth of OpenAI," the board said in a statement. "So I hope the board can get its act together and bring Sam and Greg back."
Persons: OpenAI's, Sam Altman, , Sam Altman —, Mira Murati, Altman, Vinod Khosla —, OpenAI —, Sam, David Sachs, OpenAI, ChatGPT —, Ilya Sutskever —, Sutskever, Jason Kwon, Altman's, He's, Greg Bockman, Jessica Livingston, Greg, Sam retakes OpenAI Organizations: Altman, Service, Khosla Ventures, Ventures, Microsoft Locations: Silicon, Silicon Valley, @OpenAI
The board of OpenAI, the company behind hit product ChatGPT, on Friday pushed out its high-profile CEO Altman, sending shock waves across the tech industry. These discussions, and options regarding our path forward, are ongoing this morning," Lightcap wrote in the memo. "We can say definitively that the board’s decision was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices," he wrote. "This was a breakdown in communication between Sam and the board." Reporting by Anna Tong in San Francisco; editing by Kenneth Li and Franklin PaulOur Standards: The Thomson Reuters Trust Principles.
Persons: Sam Altman's, Sam, Brad Lightcap, Altman, Mira Murati, Greg Brockman, Brockman, Szymon Sidor, Lightcap, Anna Tong, Kenneth Li, Franklin Paul Organizations: Microsoft, Reuters, Franklin Paul Our, Thomson Locations: San Francisco
OpenAI's Sam Altman and Mira Murati on the Future of AI and ChatGPTOpenAI's Sam Altman and Mira Murati discussed their future GPT models, how human relationships with AI will change in the future and fears about safety, liability and work as the technology advances at WSJ's Tech Live in October. Photo: Nikki Ritcher for The Wall Street Journal
Persons: OpenAI's Sam Altman, Mira Murati, Nikki Ritcher Organizations: WSJ's Tech, Wall Street
Nov 17 (Reuters) - The board of the company behind ChatGPT late on Friday fired OpenAI CEO Sam Altman - to many, the human face of generative AI - sending shock waves across the tech industry. Backed by billions of dollars from Microsoft (MSFT.O), OpenAI kicked off the generative AI craze last November by releasing its ChatGPT chatbot, which became one of the world's fastest-growing software applications. He was the face of OpenAI and the wildly popular generative AI technology as he toured the world this year. Altman posted on X shortly after OpenAI published its blog: "i loved my time at openai. "That said, we believe Microsoft and Nadella will exert more control at OpenAI going forward with Altman gone."
Persons: Sam Altman, Mira Murati, OpenAI, Altman, what’s, Murati, Tesla, Satya Nadella, Mira, Nadella, Eric Schmidt, Daniel Ives, Thomas Hayes, Davidson, Gil Luria, Samrhitha, Jeffrey Dastin, Anna Tong, Krystal Hu, Shounak Dasgupta, Kenneth Li, Richard Chang Organizations: Microsoft, Union, U.S, Reuters, OpenAI, Wedbush Securities, Economic Cooperation, Thomson Locations: openai, Asia, San Francisco, Oakland , California, Bengaluru, New York
OpenAI sent shockwaves through the tech world Friday when its board ousted Sam Altman as CEO. 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 . When Altman logged on to the Google Meet link on Friday, he was joined by the entirety of OpenAI's board, Brockman said. Altman's departure has thrown Cerebral Valley , the moniker for San Francisco's booming AI enclave, into a state of uncertainty.
Persons: OpenAI, Sam Altman, , It's, Altman, Kevin Roose, Roose, OpenAI's, Greg Brockman —, Greg Brockman, Brockman, Ilya Sutskever, Sutskever, Mira Murati, " Brockman, it's, Annie Wright, Wright Organizations: Service, Microsoft, New York Times, OpenAI, Google, Sheriff Locations: Silicon Valley, OpenAI, Bay
Sam Altman's sudden ouster from OpenAI on Friday shocked Silicon Valley. From the outside, there were some signs of technological challenges at OpenAI, but no indications that tensions were emerging in the boardroom and the C-suite. In a statement on its website, OpenAI said, "The board no longer has confidence in his ability to continue leading OpenAI." If you followed Altman for the past two weeks, you would've seen an industry leader in the center of the action. Here's an abbreviated timeline of the days leading up to Altman's departure:
Persons: Sam Altman's, Altman, ChatGPT chatbot, OpenAI, Steve Jobs, Mira Murati Organizations: Microsoft, CNBC Locations: OpenAI, Silicon
OpenAI investors are pushing to bring back Sam Altman as CEO one day after he was ousted by the board, according to people familiar with the matter. Sequoia Capital has also been in contact with Altman, a person familiar with knowledge of the matter told CNBC. Sequoia also informed Microsoft that it would back efforts to bring back Altman and Brockman, the person said. The Verge first reported on the talks to bring back Altman. In addition to ousting Altman, the company removed Brockman, the chairman, from his board leadership position but said he would remain as president.
Persons: Sam Altman, Altman, Greg Brockman, it's, Sequoia, Brockman, Altman didn't, Mira Murati Organizations: Microsoft, Tiger Global, Sequoia Capital, CNBC, Sequoia Locations: Silicon Valley, OpenAI
On Friday, the board of OpenAI, the buzzy AI company behind viral chatbot ChatGPT, suddenly and publicly ousted its CEO Sam Altman. OpenAI's board said it conducted "a deliberative review process" and that Altman "was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities." She is an adjunct senior management scientist at Rand Corporation and has been on the OpenAI board since 2018. "While our partnership with Microsoft includes a multibillion-dollar investment, OpenAI remains an entirely independent company governed by the OpenAI Nonprofit," OpenAI has publicly stated. On that day, Altman told Nadella, "I think we have the best partnership in tech and I'm excited for us to build AGI together."
Persons: Sam Altman, Altman, OpenAI, Greg Brockman, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Reid Hoffman, Neuralink, Zilis, Will Hurd, Brockman, Sam, Sutskever, he's, D'Angelo, McCauley, Toner, Andreessen Horowitz, AGI, weren't, Mira Murati, OpenAI's Dev, Satya Nadella, Nadella, Dev, Brad Lightcap Organizations: Thursday's APEC, Summit, Google, Facebook, OpenAI, GeoSim Systems, Rand Corporation, University of Oxford's Center, Georgetown's Center for Security, Emerging Technology, Sequoia Capital, Microsoft, CNBC, Fortune Locations: Texas, OpenAI
On Thursday evening, Altman received a text message from Ilya Sutskever, another co-founder of OpenAI and its chief scientist, Brockman said. “Sam joined a Google Meet and the whole board, except Greg, was there,” Brockman said, referring to himself. Around the same time, OpenAI published a blog post.”According to Swisher, Altman did not learn about the subject of the meeting until 30 minutes before. “Greater things coming soon.”CNN has reached out to OpenAI for comment on Brockman and Swisher’s accounts of how the events transpired. An interim CEOIn announcing Altman’s firing, OpenAI said chief technology officer Mira Murati will serve as interim CEO.
Persons: Sam Altman, Greg Brockman, Altman, Kara Swisher, Ilya Sutskever, Brockman, “ Sam, Greg, ” Brockman, “ Ilya, Sam, , Ilya, OpenAI, Swisher, , what’s, Mira Murati, Murati, ” Murati Organizations: CNN, Twitter, OpenAI, Google, , Microsoft, Bing, , ” CNN, Dartmouth Locations: OpenAI
Microsoft CEO Satya Nadella took to X to affirm the company's relationship with OpenAI. AdvertisementMicrosoft CEO Satya Nadella announced Friday that the company will continue working with partner OpenAI, but failed to mention the ousting of the company's CEO Sam Altman earlier in the day. Murati had also affirmed OpenAI's relationship with Microsoft during a company-wide meeting on Friday, The Information reported. Multiple workers at OpenAI and Microsoft also told Business Insider that Altman's ousting left them "completely shocked" at their respective workplaces. "We love you guys," Nadella told Altman.
Persons: Satya Nadella, OpenAI, Sam Altman, , Nadella, Mira Murati, Murati, Altman, Greg Brockman, Axios, hasn't Organizations: Microsoft, Service, OpenAI Locations: Mira
The announcement left OpenAI and Microsoft workers "completely shocked," people inside both companies told Business Insider. Another shock came about an hour later when OpenAI co-founder and president Greg Brockman announced that he had "quit" over Altman's ouster. Perhaps there were signs all was not well when it came to OpenAI's business, one Microsoft employee told BI, which Microsoft has reportedly backed to the tune of at least $10 billion. Are you an OpenAI employee or someone with a tip or insight to share? Are you a Microsoft employee?
Persons: Sam Altman, Altman, Mira Murati, Ilya Sutskever, He's, OpenAI, Greg Brockman, Brockman, shakeup, Steve Jobs, Satya Nadella, we're, Kali Hays Organizations: Microsoft, Business, OpenAI's San, Apple, OpenAI, Microsoft Ignite, Twitter Locations: OpenAI, OpenAI's San Francisco, Mira, Copilot, khays@insider.com, @hayskali
OpenAI pushed out co-founder Sam Altman as chief executive officer, saying he wasn’t being “consistently candid in his communications” with the artificial-intelligence company‘s board. The startup said Friday that its board concluded after a review that Altman’s actions, which it didn’t specify, were “hindering its ability to exercise its responsibilities.” The company’s statement, unusually candid for such a situation, said: “The board no longer has confidence in his ability to continue leading OpenAI.”
Persons: OpenAI, Sam Altman,
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