Berliner Boersenzeitung - Sam Altman returns to OpenAI board months after crisis

EUR -
AED 4.104356
AFN 76.945527
ALL 99.231336
AMD 432.618629
ANG 2.010722
AOA 1036.726011
ARS 1074.130668
AUD 1.641363
AWG 2.011392
AZN 1.900177
BAM 1.955432
BBD 2.252676
BDT 133.324923
BGN 1.955432
BHD 0.420421
BIF 3234.291666
BMD 1.11744
BND 1.441629
BOB 7.70955
BRL 6.162794
BSD 1.11569
BTN 93.249161
BWP 14.748226
BYN 3.651213
BYR 21901.820514
BZD 2.248877
CAD 1.517204
CDF 3208.169723
CHF 0.949813
CLF 0.037598
CLP 1037.43487
CNY 7.880073
CNH 7.870134
COP 4641.826925
CRC 578.891117
CUC 1.11744
CUP 29.612155
CVE 110.244264
CZK 25.088083
DJF 198.672632
DKK 7.466731
DOP 66.967404
DZD 147.657227
EGP 54.142816
ERN 16.761597
ETB 129.466549
FJD 2.459263
FKP 0.850996
GBP 0.838761
GEL 3.050454
GGP 0.850996
GHS 17.539701
GIP 0.850996
GMD 76.544228
GNF 9639.186978
GTQ 8.624378
GYD 233.396101
HKD 8.706365
HNL 27.675794
HRK 7.597486
HTG 147.212311
HUF 393.517862
IDR 16941.281656
ILS 4.226062
IMP 0.850996
INR 93.284379
IQD 1461.525104
IRR 47035.835678
ISK 152.262759
JEP 0.850996
JMD 175.28703
JOD 0.791704
JPY 160.715782
KES 143.92293
KGS 94.131451
KHR 4531.147742
KMF 493.181817
KPW 1005.695207
KRW 1488.976663
KWD 0.340898
KYD 0.929725
KZT 534.90939
LAK 24636.366177
LBP 99910.008054
LKR 340.395975
LRD 223.13803
LSL 19.586216
LTL 3.299509
LVL 0.675928
LYD 5.298004
MAD 10.818165
MDL 19.468338
MGA 5046.050895
MKD 61.603413
MMK 3629.400954
MNT 3797.060466
MOP 8.955716
MRU 44.337661
MUR 51.26838
MVR 17.164402
MWK 1934.436154
MXN 21.694872
MYR 4.69883
MZN 71.34836
NAD 19.586216
NGN 1831.986636
NIO 41.062277
NOK 11.71496
NPR 149.198937
NZD 1.7912
OMR 0.429669
PAB 1.11569
PEN 4.181813
PGK 4.367179
PHP 62.188869
PKR 309.994494
PLN 4.274599
PYG 8704.362807
QAR 4.067535
RON 4.972493
RSD 117.064981
RUB 103.380555
RWF 1504.017111
SAR 4.19314
SBD 9.282502
SCR 14.578258
SDG 672.172563
SEK 11.365705
SGD 1.442953
SHP 0.850996
SLE 25.530486
SLL 23432.148605
SOS 637.580078
SRD 33.752303
STD 23128.748217
SVC 9.762164
SYP 2807.601005
SZL 19.593315
THB 36.793946
TJS 11.859769
TMT 3.911039
TND 3.380564
TOP 2.617155
TRY 38.124254
TTD 7.588573
TWD 35.736828
TZS 3045.827114
UAH 46.114226
UGX 4133.222587
USD 1.11744
UYU 46.101329
UZS 14197.329642
VEF 4047984.459863
VES 41.096936
VND 27494.606824
VUV 132.664701
WST 3.125996
XAF 655.833645
XAG 0.035881
XAU 0.000426
XCD 3.019937
XDR 0.826844
XOF 655.833645
XPF 119.331742
YER 279.723102
ZAR 19.477937
ZMK 10058.30169
ZMW 29.537444
ZWL 359.815167
  • CMSD

    0.0100

    25.02

    +0.04%

  • JRI

    -0.0800

    13.32

    -0.6%

  • NGG

    0.7200

    69.55

    +1.04%

  • SCS

    -0.3900

    12.92

    -3.02%

  • BCE

    -0.1500

    35.04

    -0.43%

  • GSK

    -0.8200

    40.8

    -2.01%

  • AZN

    -0.5200

    78.38

    -0.66%

  • RIO

    -1.6100

    63.57

    -2.53%

  • RBGPF

    58.8300

    58.83

    +100%

  • BCC

    -7.1900

    137.5

    -5.23%

  • CMSC

    0.0300

    25.15

    +0.12%

  • BTI

    -0.1300

    37.44

    -0.35%

  • RYCEF

    0.0200

    6.97

    +0.29%

  • VOD

    -0.0500

    10.01

    -0.5%

  • RELX

    -0.1400

    47.99

    -0.29%

  • BP

    -0.1200

    32.64

    -0.37%

Sam Altman returns to OpenAI board months after crisis
Sam Altman returns to OpenAI board months after crisis / Photo: Fabrice COFFRINI - AFP

Sam Altman returns to OpenAI board months after crisis

CEO Sam Altman will return to the board of OpenAI, the company said on Friday, just months after a boardroom dustup that saw him fired and rehired by the company behind ChatGPT.

Text size:

Altman was also found to have been wrongly fired in an internal investigation that was launched in the days after his chaotic dismissal last year, the company said.

Altman will join the board with three other new directors: Sue Desmond-Hellmann, a former CEO of the Bill and Melinda Gates Foundation; Nicole Seligman, a former president of Sony Entertainment; and Fidji Simo, CEO of Instacart.

They will join Ex-Salesforce co-CEO Bret Taylor and former US Treasury Secretary Larry Summers, who joined in the immediate aftermath of the November 2023 tumult.

Microsoft also gained an observer seat on OpenAI's board at the time, a move that drew criticism and a lawsuit from Elon Musk earlier this week, who helped found OpenAI in 2015 before leaving the project.

"I am excited to welcome Sue, Nicole, and Fidji to the OpenAI Board of Directors," said Bret Taylor, chair of the OpenAI board.

"Their experience and leadership will... ensure that we pursue OpenAI's mission of ensuring artificial general intelligence benefits all of humanity," he added.

Quora CEO Adam D’Angelo is the sole holdover from the old board that had taken the decision to fire Altman.

Altman has become the face of the recent artificial intelligence explosion that burst onto the scene with his decision to release ChatGPT in November 2022.

But in a shock move, the company’s board summarily fired Altman without any clear reason given, sparking the threat of a mass exodus by the company’s 700 strong employees, who stuck by their star CEO.

Microsoft, the tech giant with major investments in OpenAI, offered to hire those leaving the AI company, forcing a change of mind by its board, which reinstated Altman after a few days of chaos.

The board members behind Altman's shortlived ouster, left their roles.

- 'Right leaders' -

In the aftermath of the events, the new fangled board launched an internal investigation on what happened with a law firm.

The results of that investigation "unanimously concluded that Altman and president Greg Brockman "are the right leaders for OpenAI," Taylor said in a sperate statement.

The company said the probe, handled by outside firm WilmerHale, "reviewed more than 30,000 documents; conducted dozens of interviews, including of members of OpenAI’s prior Board, OpenAI executives, advisors to the prior Board, and other pertinent witnesses..."

OpenAI remains the standard bearer of generative AI, the technology that can generate human level texts and images in seconds.

But it faces increased rivalry from Google, Meta and other startups, including Anthropic, Musk’s xAI and French company Mistral.

OpenAI is now caught up in a legal battle with Musk, who accuses Altman and top executives of betraying the original nonprofit status of the company.

Musk's suit alleges that OpenAI was now effectively a subsidiary of Microsoft, arguing that this was breach of contract.

Microsoft's embrace of AI, and OpenAI's technology in particular, has made it the world's biggest company by market capitalization.

OpenAI is also being sued by The New York Times for allegedly illegally using its articles to train the models that power ChatGPT and other applications.

The Times believes that ChatGPT has the capability to become a substitute for its journalism and was built from scraping its content from the internet without payment or permission.

(G.Gruner--BBZ)