Your daily dose of crypto news

Sam Altman Rejoins OpenAI Board after Investigation

2 min read

Sam Altman Rejoins OpenAI Board after Investigation

Sam Altman has made a comeback to the OpenAI board after a series of events in November 2023 which saw him initially dismissed from the company, only to be reinstated shortly after. In a statement released on March 8, it was announced that Altman has rejoined the board alongside three new members: Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation; Nicole Seligman, former executive vice president and general counsel at Sony Corporation; and Fidji Simo, chair of Instacart.

Just a few months ago, Altman was fired from the board and temporarily removed from his position as CEO. The reasons cited by the OpenAI board for his dismissal were allegations of being dishonest in his communications with them. This decision was met with strong opposition from the company’s employees, with 505 out of 700 signing a letter demanding the board’s resignation.

On the same day as Altman’s reinstatement, OpenAI announced that law firm WilmerHale had conducted interviews with board members and reviewed a vast number of documents related to the situation. It was revealed that the previous board had underestimated the impact that firing Altman would have on the stability of the organization.

Bret Taylor, chair of the OpenAI board, confirmed that both Altman and Greg Brockman are still considered the preferred candidates to lead the company, stating, “We have unanimously concluded that Sam and Greg are the right leaders for OpenAI.”

In another development, on March 6, OpenAI made public a series of emails exchanged between Elon Musk and the board members. The emails revolved around Musk’s desire to transform the company into a for-profit entity. This came after Musk had filed a lawsuit against OpenAI on February 29, alleging a breach of the initial agreement to make AI breakthroughs freely accessible through a multibillion-dollar partnership with Microsoft. Musk’s lawsuit demanded that OpenAI return to its open-source principles and requested an injunction to prevent the for-profit exploitation of artificial general intelligence technology.

The return of Altman to the OpenAI board, along with the addition of three new members, signifies a significant shift in the company’s leadership and direction. The board’s unanimous decision to reinstate Altman and Brockman demonstrates their confidence in their ability to lead OpenAI effectively. The release of the emails sheds light on the ongoing dispute between Musk and the board regarding the company’s future as either for-profit or open-source. The outcome of this legal battle will undoubtedly have far-reaching implications for the future of OpenAI and the development of artificial intelligence technology.

Leave a Reply

Copyright © All rights reserved.