(UPDATE) We added that Sam Altman returned to his post with a new board.
Love him or hate him, Sam Altman is tech’s "it girl" (technically, it guy). So when OpenAI’s board of directors abruptly announced his ouster last week, it left the tech world shocked and confused.
3 CEOs in 3 days? Following the announcement, CTO Mira Murati was announced as interim CEO. But…she was replaced by Ex-Twitch head Emmett Shear after she publicly supported Altman.
⚔️ Where loyalties lie
The sudden announcement naturally caused unrest—even among the company’s executives. OpenAI president Greg Brockman (who was also removed by the board as chairman) quit shortly after the news broke out. Three senior OpenAI researchers followed suit as well.
😢 Is it too late to come back?
The Verge reported that the board of directors was considering taking Altman back, but they later retracted their offer.
🔎 The theories
But OpenAI was doing great, right? They even just had their Demo Day, where they announced new commercial features for premium subscribers.
Did you know? OpenAI started as a non-profit, and the board members (including Altman) don’t have any shares in the company.
Altman is the public face of OpenAI, whose ChatGPT chatbot jumpstarted the generative AI craze last year.
🤔 Microsoft to the rescue?
Altman’s been hired by Microsoft, where he will be the CEO of a new research group along with Greg Brockman and some other colleagues.
Shear has also promised to launch an investigation into Altman’s firing.
Oh, and we’ve heard that over 600 out of 700 OpenAI employees have signed a letter telling the board to resign.
As of November 22, Altman is back at OpenAI the same week he was fired. New board members were also announced.
You can see the company's statement for yourself in this X post.
Resolution. Bret Taylor, Larry Summers, and Adam D'Angelo are joining the company as the new initial board members.
The newsletter that keeps you up-to-date on the top stories on tech and business in Southeast Asia. It's fun, quick and free.