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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
Jensen Huang, president of Nvidia, holding the Grace hopper superchip CPU used for generative AI at the Supermicro keynote presentation during Computex 2023. When Nvidia reports fiscal third-quarter results Tuesday, analysts are expecting to see revenue growth of over 170%. Heading into the Thanksgiving holiday, Wall Street will be closely scrutinizing the company that's been at the heart of this year's artificial intelligence boom. In particular, the emergence of AMD in the generative AI market presents a new dynamic for Nvidia, which has mostly had the AI graphics processing unit (GPU) market to itself. "NVDA needs to forcefully counter the narrative its products are too expensive for generative AI inference," the Bank of America analysts wrote.
Persons: Jensen Huang, that's, Lisa Su, Raymond James, OpenAI's, Sam Altman, OpenAI, Emmett Shear, Satya Nadella, Altman, Greg Brockman, Jensen, Eric Jackson Organizations: Nvidia, " Bank of America, AMD, Bank of America, FactSet, LSEG, Microsoft, Cailian Press Locations: China, OpenAI
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
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,
Sam Altman was ousted from OpenAI then accepted a top job at Microsoft over the weekend. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOver the course of a whirlwind weekend, OpenAI cofounder Sam Altman was ousted from ChatGPT's parent company and promptly accepted a job running a new AI research team at Microsoft. [Microsoft CEO Satya] Nadella says they're still committed to OpenAI. (Ware predicted brain drain as other OpenAI employees follow Altman to Microsoft or join other rivals now he's no longer in charge.)
Persons: Sam Altman, OpenAI, , Microsoft didn't, Dan Ives, Altman, — that's, Jason Ware, They've, Satya, Nadella, they're, They're, Ware, Ben Laidler, Emmett, Joshua Mahony, Jim, Fan, Satya swoops, I'm, Jason Calacanis, It's Organizations: Microsoft, Wall Street, Service, Nasdaq, Albion Financial, CNBC, Markets, Nvidia Locations: OpenAI
At OpenAI, Shear has promised to shed some light into Altman’s departure. In his X post, he pledged to hire an independent investigator to look into what led up to Altman’s ouster and write a report within 30 days. Both Altman and Shear know each other as alumni from the first class of startup founders at Y Combinator. In his post on X, Shear wrote he received a call offering him a “once-in-a-lifetime opportunity” to become interim CEO at San Francisco-based OpenAI. In his post on X, Shear said he checked the reasoning behind the changes at OpenAI before he took the job.
Persons: Twitch, Sam Altman, Emmett Shear, , Altman, OpenAI, Greg Brockman —, , Shear, Twitch doesn’t, it’s, Y, he’s, , Mira Murati, Altman’s, Satya Nadella, Brockman, Sam, “ I’m, “ It’s, ” Shear, Matt O'Brien Organizations: Twitter, Microsoft, Amazon, Yale University, Associated Press, Investors, AIs Locations: Buffalo , New York, Germany, San Francisco, Providence , Rhode Island
OpenAI employees are having a tough time after Sam Altman was suddenly ousted from the company. Here's what OpenAI employees are saying about the chaotic transition. Since Friday the company has cycled through three CEOs: cofounder Sam Altman, former CTO Mira Murati, and current CEO Emmett Shear, who cofounded Twitch. AdvertisementMore OpenAI staffers have threatened to join them unless Altman is reinstated and the board resigns. Throughout the night on Sunday, more OpenAI staffers spoke out, sharing the repeated message: "OpenAI is nothing without its people."
Persons: Sam Altman, Altman, , Mira Murati, Emmett Shear, Greg Brockman, Aleksander Madry, Employees haven't, cofounders Brockman, Will Depue, Sam, Greg, Ilya Sutskever, Shengjia Zhao, Ilya, Jan Leike, Andrej Karpathy Organizations: Service, Microsoft, Employees, Business, Sutskever, OpenAI
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
At least two-thirds of OpenAI staff have threatened to quit and join Sam Altman at Microsoft. It follows days of chaos at OpenAI after CEO Sam Altman was fired in a shock move. AdvertisementNearly 500 OpenAI staff have threatened to quit unless all current board members resign and ex-CEO Sam Altman is reappointed. Late on Sunday, Microsoft CEO Satya Nadella announced that Altman and former OpenAI president Greg Brockman would be joining a new AI team at Microsoft, after efforts by investors and current employees to bring him back as OpenAI CEO fell apart. OpenAI and Microsoft did not immediately respond to a request for comment from Business Insider, made outside normal working hours.
Persons: Sam Altman, , Mira Murati, Brad Lightcap, Altman, Kara Swisher, Ilya Sutskever, Jan Leike, Murati, Satya Nadella, Greg Brockman, OpenAI, Emmett Shear, Twitch Organizations: Microsoft, Service, Wired, Sutskever, Business
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
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
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
The board of directors of OpenAI, the high-flying artificial intelligence start-up, said in a note to employees on Sunday night that its former chief, Sam Altman, would not be returning to his job, while naming his second interim replacement in two days. Emmett Shear, the former chief executive of Twitch, will replace Mira Murati as interim chief executive of OpenAI, the board said. Ms. Murati, a longtime OpenAI executive, had been appointed to that role after Mr. Altman’s ouster on Friday. The board said Mr. Shear has a “unique mix of skills, expertise and relationships that will drive OpenAI forward,” according to the memo viewed by The New York Times. It was signed by each of the four directors on the company’s board; Adam D’Angelo, Helen Toner, Ilya Sutskever, and Tasha McCauley.
Persons: Sam Altman, Emmett Shear, Twitch, Mira Murati, Murati, Altman’s, Shear, , Adam D’Angelo, Helen Toner, Ilya Sutskever, Tasha McCauley, Organizations: OpenAI, The New York Times
Sam Altman will not return as CEO of OpenAI - The Information
  + stars: | 2023-11-20 | by ( ) www.reuters.com   time to read: 1 min
[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/File Photo Acquire Licensing RightsCompanies Microsoft Corp FollowNov 20 (Reuters) - Sam Altman will not return as CEO of OpenAI despite efforts from the company's executives to bring him back, The Information reported on Sunday. Emmett Shear, co-founder of video streaming site Twitch, will take over as interim CEO, the report said, citing co-founder and board director Ilya Sutskever. Reporting by Baranjot Kaur in Bengaluru; Editing by Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.
Persons: Sam Altman, Carlos Barria, Emmett Shear, Ilya Sutskever, Baranjot Kaur, Nivedita Organizations: Economic Cooperation, REUTERS, Microsoft, Thomson Locations: Asia, San Francisco , California, U.S, Bengaluru
[1/2] Twitch CEO Emmett Shear speaks in a still image taken from a video interview with Reuters in San Francisco, U.S. which was broadcast in May 2018. Ex-Twitch boss Emmett Shear has been appointed to lead the company behind ChatGPT, replacing Altman following his shock sacking on Friday. Earlier on Monday, OpenAI backer Microsoft (MSFT.O) said Altman will join the company to lead a new advanced artificial intelligence research team. OpenAI Chief Operating Officer Brad Lightcap told staff on Saturday it was over a "breakdown of communications" not "malfeasance". I'm not crazy enough to take this job without board support for commercializing our awesome models," he said.
Persons: Emmett Shear, Sam Altman, Altman, Emmett, Brad Lightcap, I'm, Josephine Mason, Emelia Sithole Organizations: Reuters, REUTERS, Microsoft, Thomson Locations: San Francisco , U.S, U.S, OpenAI
Greg Brockman announced three key OpenAI staffers are following him and Sam Altman to Microsoft. Sam Altman is heading up a new AI team at Microsoft after his shock firing by the OpenAI board. All three are senior or longstanding employees at OpenAI, suggesting that the company may face a talent drain after Altman's shock firing. OpenAI announced that Twitch co-founder Emmett Shear would become interim CEO of the AI firm, after negotiations to bring Altman back broke down. The Information also reported that fellow AI startups Cohere and Adept were reaching out to OpenAI employees and that Google Deepmind had received an uptick in resumes from OpenAI workers.
Persons: Greg Brockman, Sam Altman, , Satya Nadella's, Altman, Jakub Pachocki, Szymon Sidor, Aleksander Madry —, OpenAI, Twitch, Emmett Shear, Pachocki, Mira Murati, Brad Lightcap, Ilya Sutskever, Tao Xu, Google Deepmind, Jim Fan Organizations: Microsoft, Service, Google Locations: OpenAI
Microsoft CEO Satya Nadella told CNBC's Jon Fortt on Monday that the governance structure of OpenAI needs to change, three days after the sudden firing CEO Sam Altman. Early Monday morning Nadella said that Altman, Brockman and their colleagues would join Microsoft as part of a new AI research group. That post followed news that ex-Twitch CEO Emmett Shear had been named OpenAI interim head as Altman looked to depart. Nadella told Fortt that Microsoft respects OpenAI's nonprofit roots and shares its belief that AI needs to be developed and rolled out in a safe manner. WATCH: A timeline of the drama between Sam Altman, OpenAI and Microsoft
Persons: Satya Nadella, CNBC's Jon Fortt, Sam Altman, Nadella, Altman, OpenAI, Greg Brockman, Brockman, Emmett Shear, Fortt Organizations: Microsoft, Tiger, Sequoia Capital
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
Microsoft's (MSFT) bold move to hire ousted OpenAI CEO Sam Altman after days of chaos will help the software and cloud giant widen its lead in artificial intelligence. Greg Brockman, another OpenAI co-founder as well as its president and chairman, also departed and joined Altman to lead a new AI effort at Microsoft. OpenAI, the company behind ChatGPT, is a key AI partner of Microsoft, which has invested billions of dollars in the startup. "A lot of people could be poached" from OpenAI, Jim speculated. Reception for Copilot, a generative AI tool for Microsoft 365 productivity apps, has also been very positive as well.
Persons: Sam Altman, OpenAI, Altman, Greg Brockman, I've, Jim Cramer, Jim, Brockman, Satya Nadella, Emmett Shear, Nadella, Jim Cramer's, Gary Hershorn Organizations: Microsoft, NBC, OpenAI, CNBC, NEW, Corbis, Getty Locations: OpenAI, NY, New York City
Elon Musk says OpenAI's Ilya Sutskever wouldn't have fired Sam Altman unless it was necessary. "Ilya has a good moral compass and does not seek power," the former OpenAI board member said. "He would not take such drastic action unless he felt it was absolutely necessary," Musk continued. OpenAI's board said in a statement that Altman "was not consistently candid in his communications with the board" but has not given further details. AdvertisementMusk was previously on OpenAI's board of directors.
Persons: Elon Musk, Ilya Sutskever wouldn't, Sam Altman, Ilya, Musk, , Ilya Sutskever's, Sam Altman's, OpenAI's, Altman, Greg Brockman, Sutskever, ChatGPT, Grok, CNBC's David Faber, OpenAI, Faber, Emmett Shear, Satya Nadella Organizations: CNBC, Service, New York Times, OpenAI, Microsoft, Musk, Business Insider Locations: OpenAI
New Delhi/New York CNN —Microsoft has hired Sam Altman to power up its artificial intelligence research efforts just days after the co-founder of OpenAI was ousted as CEO in a chaotic boardroom coup. Meanwhile, Emmett Shear, the former CEO of Amazon’s streaming service Twitch, will join OpenAI as interim CEO. “We look forward to getting to know Emmett Shear,” Microsoft CEO Satya Nadella said in a post on X, formerly known as Twitter. In a post on X early Monday, Shear described the chance to join OpenAI as “a once-in-a-lifetime” opportunity. More recently, Altman announced that OpenAI would make its tools widely available so anyone could create their own version of ChatGPT.
Persons: Sam Altman, OpenAI, Greg Brockman, Brockmann, Altman, Emmett Shear, Satya Nadella, ” Nadella, Shear, , Brockman, Ilya Sutskever, Kara Swisher, Jony, Bing, Swisher, , OpenAI “, , “ I’m Organizations: New York CNN, Microsoft, OpenAI Locations: New Delhi, New York, Altman’s
ET, OpenAI publicly announced that it had fired Altman over concerns that he was not always truthful with the board. OpenAI’s strategic partners, including investor Microsoft, were also reportedly informed of Altman’s ouster minutes before the board’s announcement. Microsoft CEO Satya Nadella reportedly mediated the discussion. Hundreds of employees on Monday morning signed an open letter calling on the company’s board to resign and reinstate Altman and Brockman. The Verge reported Monday afternoon that Altman and Brockman could still return to OpenAI if the board members who fired him resign.
Persons: Sam Altman —, he’d, OpenAI, Altman, Ilya Sutskever, Greg Brockman, Mira Murati, Altman’s, , what’s, ” Brockman, Kara Swisher, Joel Saget, Satya Nadella, Nadella, Brockman, Emmett Shear, Murati, openai, ” Altman Organizations: New, New York CNN, Microsoft, Google, Getty, OpenAI Locations: New York, AFP, OpenAI
The wildest coup in Silicon Valley's history just took place over the last 48 hours. OpenAI booted CEO Sam Altman, nearly hired him back, then went with 2 other CEOs. Sam Altman has now been scooped up as an employee by Microsoft, OpenAI's biggest investor. Sam Altman had met with world leaders, including British Prime Minister Rishi Sunak, in London earlier in the month. But Microsoft CEO Satya Nadella has not let a good crisis go to waste.
Persons: OpenAI, Sam Altman, Altman, , Mira Murati, Emmett Shear, Greg Brockman, — Aaron Levie, ❤️ emojis, AngelList, Babak Nivi, OpenAI's, Rishi Sunak, Kamala Harris, Ursula von der Leyen, Alastair Grant, Ilya Sutskever, Adam D'Angelo, Tasha McCauley, Helen Toner, Mary, Gary Marcus, Sam, 👉, Gary, Satya Nad Organizations: Microsoft, Service, British, AI, Georgetown's Center for Security, Emerging Technology, usl Locations: London
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
Emmett Shear is the new interim CEO of OpenAI after Sam Altman's surprise ouster. AdvertisementEmmett Shear, the man slated to be the new interim CEO of OpenAI, believes artificial intelligence has a very real potential to destroy all life. "That loop will get tighter and tighter and tighter, and faster and faster and faster, until it can fully self-improve itself. There's a 5 to 50% probability that this could actually play out, Shear told Bartlett, though he said there was still "uncertainty" around such estimates. In another interview in September, Shear told podcast host and entrepreneur Shaan Puri that it was his optimism toward AI that made him fear its capabilities.
Persons: Emmett Shear, Sam Altman's, Altman, , Shear, Logan Bartlett, Bartlett, Shaan Puri, Sam Altman, Shear's, Dall, it's, OpenAI Organizations: Service, Business Insider Locations: There's
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