OpenAI welcomes back Sam Altman as CEO

November 22 2023
Sam Altman has been reinstated as CEO of OpenAI after an attempted boardroom coup, with former president Greg Brockman also returning. Amidst the turmoil, an initial three-person board featuring Bret Taylor, Larry Summers, and current member Adam D’Angelo was established to select an expanded nine-member board, which Microsoft and Altman hope to join. An independent investigation into the events leading up to the upheaval has been agreed upon. Despite the appearance of a resolution, tensions suggest the power struggle within OpenAI may not be fully resolved. Stakeholders and investors voiced support for Altman and Brockman’s return, seeing it as beneficial to the company and its mission. Interim CEO Emmett Shear has played a role in navigating the company towards a safe and equitable solution.
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What does it mean?

  • CEO: The Chief Executive Officer, the highest-ranking person in a company or other institution, ultimately responsible for making managerial decisions.
  • OpenAI: An artificial intelligence research laboratory consisting of the for-profit OpenAI LP and its parent company, the non-profit OpenAI Inc, focused on developing advanced AI technologies.
  • Boardroom coup: A sudden and often unexpected takeover of power within the upper management or board of directors of a company.
  • President: An executive role in a company whose holder is often responsible for key decisions, next in command after the CEO.
  • Bret Taylor: An individual who is not defined within the text but is likely to be a notable person in the business or technology sector involved with OpenAI's board.
  • Larry Summers: An individual whose specific role is not described in the text but is most likely a professional influential in business or economics, involved with OpenAI's board.
  • Adam D’Angelo: An individual mentioned without context, presumably a current board member or executive associated with OpenAI.
  • Microsoft: A multinational technology company that develops, manufactures, licenses supports, and sells computer software, consumer electronics, personal computers, and related services.
  • Independent investigation: A third-party examination to review events or allegations impartially, without bias from those involved in the incident.
  • Stakeholders: Individuals, groups, or organizations that have an interest or concern in an organization's operations and outcomes.
  • Investors: Persons or entities that commit capital with the expectation of obtaining a financial return or benefit.
  • Interim CEO: A temporary Chief Executive Officer appointed to manage a company until a permanent CEO is hired or the current CEO returns.
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