Sam Altman to return as CEO? OpenAI board previously agreed, but Sam Altman intends to start another company
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Major Governance Changes Trigger OpenAI Crisis
According to The Verge, discussions between the OpenAI board and insiders regarding the potential return of Sam Altman as CEO have sparked a crisis within the company. Altman was abruptly fired on Saturday without prior notice and is hesitant about returning to OpenAI. The company is in need of significant governance changes, and several senior researchers are contemplating resigning.
Altman Misses Deadline, Employees May Follow Him to Start New Company
Sources revealed that with backing from investors Microsoft, Tiger Global, and venture capital firm Thrive Capital, the board tentatively agreed for Sam Altman to step down and return as CEO, but Altman missed the deadline due to his indecision. Many OpenAI employees are planning to resign and may follow Sam Altman to start a new company, posing a significant challenge to OpenAI if he makes that decision.
Uncertainty Looms Over OpenAI's Future, Board in Turmoil
Altman stated just a day after being fired that OpenAI is in free fall without him.
Company President and former board chairman Greg Brockman has resigned and is discussing plans with Altman to start another company. While investors express support for OpenAI, they are shocked by the board's decision to dismiss Altman, leaving OpenAI's future in the fiercely competitive field of artificial intelligence uncertain.
The current OpenAI board consists of Chief Scientist Ilya Sutskever, Quora CEO Adam D’Angelo, former GeoSim Systems CEO Tasha McCauley, and Helen Toner, Director of Strategy at Georgetown University's Center for Security and Emerging Technology.
Greg Brockman, Co-Founder and CTO; Ilya Sutskever, Co-Founder and Chief Scientist; and Dario Amodei, Research Director. Image by CHRISTIE HEMM KLOK
Unlike traditional companies, the board's mission is not to maximize shareholder value, and they do not hold any equity in OpenAI. Instead, their proclaimed mission is to ensure the creation of "broadly beneficial" artificial general intelligence (AGI). However, internal power struggles within the company have also raised concerns.
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