Will Sam Altman return back as OpenAI CEO? Latest Update on Board Meeting

OpenAI, the cutting-edge AI research organization, is navigating a tumultuous period following the abrupt dismissal of its CEO, Sam Altman. The move, executed without prior notice, has sent shockwaves through the tech industry, with the company now teetering on the edge of a crisis.

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Multiple sources reveal that the OpenAI board is currently engaged in discussions with Altman regarding his possible reinstatement as CEO. However, Altman, described as “ambivalent,” is reportedly seeking substantial governance changes within the organization as a condition for his return.

The situation took a drastic turn when Altman, along with Greg Brockman, OpenAI’s president and former board chairman, was suddenly ousted. The speed at which Altman is back at the negotiating table, just a day after his dismissal, underscores the critical state of affairs within the company.

A source close to Altman suggests that there was an initial agreement for the board to resign, paving the way for Altman and Brockman’s return. However, this agreement appears to be wavering, missing a crucial 5 PM PT deadline that many OpenAI staffers had set for their potential resignations. If Altman decides to part ways with OpenAI and embark on a new venture, it’s anticipated that a significant number of employees will follow suit.

The Verge said on Saturday that OpenAI’s leaders were talking about getting Altman back. It’s not sure if these talks started because investors wanted it.

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The aftermath of Altman’s departure saw Brockman’s resignation, accompanied by a string of senior researchers leaving the company. Talks between Altman and Brockman about establishing a new company further add to the uncertainty surrounding OpenAI’s future.

Microsoft, OpenAI’s largest investor, released a statement expressing continued commitment to the partnership despite Altman’s firing. However, the lack of warning or input from investors on the board’s decision raises questions about the transparency and stability of the company.

The current composition of OpenAI’s board includes key figures such as chief scientist Ilya Sutskever, Quora CEO Adam D’Angelo, former GeoSim Systems CEO Tasha McCauley, and Helen Toner, the director of strategy at Georgetown’s Center for Security and Emerging Technology. Unlike traditional companies, the board’s focus is not on maximizing shareholder value but rather on ensuring the creation of “broadly beneficial” artificial general intelligence (AGI).

What is the fear in front of the OpenAI board members?

Sources suggest that Sutskever played a pivotal role in Altman’s removal, hinting at a power struggle between the research and product facets of the company. Now the fear is that Altman can be the competition for OpenAI. Check out what Kara Swisher (a CNN contributor) says:

Earlier on Saturday, The Information revealed that Altman had begun discussions with potential investors to secure financing for the project. An individual familiar with Altman’s plans noted that he was still considering different approaches. He remarked, “I think he truly wants the best outcome,” said the person. “He doesn’t want to see lives destroyed.”

With the future of OpenAI hanging in the balance and competitors racing to match the rise of technologies like ChatGPT, the outcome of these discussions will undoubtedly shape the trajectory of one of the most prominent players in the artificial intelligence (AI) landscape.

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