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OpenAI The board is fired Sam Altman Saying he lost confidence in the tech executive's ability to lead the company behind celebrities ChatGPT Chatbot. Less than 24 hours after he was fired, there were discussions about Altman's next move. Some say he plans to return, while others say the tech executive may be starting a new venture.
Back to cards?
Citing people familiar with the discussions, The Information reports that the OpenAI co-founder could return after some major investors urged the board to reverse the decision. If this happens, the board members should be replaced.
Investors Tiger Global and Sequoia Capital are seeking to reinstate Altman to OpenAI's board of directors. The latter is also said to be encouraging Microsoft executives, OpenAI's biggest backers, to help Altman return to the company.
Altman's new venture
A separate report from the publication claims that Altman may be planning a new venture and has told investors about it. Former OpenAI president Greg Brockman is expected to join Altman, and the project is still in development, a person familiar with the matter was quoted as saying.
After the board fired Altman, Brockman, who had been fired as board chairman, resigned. Three OpenAI leaders have since stepped down, and many of those who have stepped down may join Altman in his new venture.
Meanwhile, investors are also expecting a massive exodus of talent at the company, often attributed to the creation of artificial intelligence (AI) technology and generative AI mainstreaming. People close to the company expect several more exits in the coming days, the report said.
Microsoft reportedly owns 49% of the company, while other investors and employees control 49%, with OpenAI's nonprofit parent holding 2%.
What could Altman's next venture be?
Previous reports suggested Altman and former Apple design chief Jony Ive were discussing the creation of a new artificial intelligence hardware device, and SoftBank CEO Masayoshi Son was involved in the conversation.
However, Altman shot down the speculation, saying he was interested in the concept of an “iPhone AI” but wasn't sure what such a device would look like.
“I am interested in this topic, I think it is possible. “Something big needs to be done, but I don't know what it is yet,” he said.
Back to cards?
Citing people familiar with the discussions, The Information reports that the OpenAI co-founder could return after some major investors urged the board to reverse the decision. If this happens, the board members should be replaced.
Investors Tiger Global and Sequoia Capital are seeking to reinstate Altman to OpenAI's board of directors. The latter is also said to be encouraging Microsoft executives, OpenAI's biggest backers, to help Altman return to the company.
Altman's new venture
A separate report from the publication claims that Altman may be planning a new venture and has told investors about it. Former OpenAI president Greg Brockman is expected to join Altman, and the project is still in development, a person familiar with the matter was quoted as saying.
After the board fired Altman, Brockman, who had been fired as board chairman, resigned. Three OpenAI leaders have since stepped down, and many of those who have stepped down may join Altman in his new venture.
Meanwhile, investors are also expecting a massive exodus of talent at the company, often attributed to the creation of artificial intelligence (AI) technology and generative AI mainstreaming. People close to the company expect several more exits in the coming days, the report said.
Microsoft reportedly owns 49% of the company, while other investors and employees control 49%, with OpenAI's nonprofit parent holding 2%.
What could Altman's next venture be?
Previous reports suggested Altman and former Apple design chief Jony Ive were discussing the creation of a new artificial intelligence hardware device, and SoftBank CEO Masayoshi Son was involved in the conversation.
However, Altman shot down the speculation, saying he was interested in the concept of an “iPhone AI” but wasn't sure what such a device would look like.
“I am interested in this topic, I think it is possible. “Something big needs to be done, but I don't know what it is yet,” he said.
