OpenAI investors reportedly trying to reinstate former CEO Sam Altman

OpenAI investors reportedly trying to reinstate former CEO Sam Altman

Nov 19, 2023 - 14:30
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OpenAI investors reportedly trying to reinstate former CEO Sam Altman

Investors in OpenAI are apparently attempting to rehire CEO Sam Altman, who was fired from the business on Friday.

According to the Wall Street Journal, the company’s top shareholders are attempting to rehire the former CEO. Microsoft is the company’s largest shareholder, having contributed $13 million, with Thrive Capital coming in second.

Altman was abruptly sacked from OpenAI, the startup that developed ChatGPT, on Friday. According to a corporate press statement, Altman was not “consistently candid in his communications” with board members.

According to Reuters, Altman is currently working on a new AI startup.

Investors in OpenAI are apparently attempting to re-hire CEO Sam Altman, who was fired from the business on Friday.

According to the Wall Street Journal, the company’s top shareholders are attempting to re-employ the former CEO. Microsoft is the company’s major shareholder, having contributed $13 million, with Thrive Capital coming in second.

It’s unknown why Altman was abruptly fired from OpenAI, the firm that created ChatGPT, on Friday. According to the company’s news release, Altman was not “consistently candid in his communications” with board members.

According to Reuters on Saturday, Altman is presently working on a new AI startup.

“i loved my time at openai,” Altman wrote on X, formerly known as Twitter. “it was transformative for me personally, and hopefully the world a little bit. most of all i loved working with such talented people.”

“will have more to say about what’s next later,” he added.

Greg Brockman, who served as president of OpenAI, left soon after Altman was fired. Sources reported that he is expected to join Altman’s new company.

“I’m super proud of what we’ve all built together since starting in my apartment 8 years ago. We’ve been through tough & great times together, accomplishing so much despite all the reasons it should have been impossible,” Brockman wrote on X. “But based on today’s news, I quit. Genuinely wishing you all nothing but the best. I continue to believe in the mission of creating safe [Artificial General Intelligence] that benefits all of humanity.”

Fox Business reached out to OpenAI for a statement, but has not heard back.

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