OpenAI Saga Plays Out: 3 CEOs In 3 Days As Mira Murati's Efforts To Reinstate Sam Altman Fall Through — Board Names New CEO (UPDATED)
Portfolio Pulse from Shanthi Rexaline
OpenAI has named former Twitch CEO Emmett Shear as its new CEO after Mira Murati's efforts to reinstate former CEO Sam Altman failed. Murati, who was interim CEO, and the board, represented by Quora CEO Adam D'Angelo, were in talks to bring back Altman and ex-President Greg Brockman. Microsoft, an investor in OpenAI, supported Altman, who was removed by the board for lack of transparency. Altman's potential AI chip startup and funding efforts may have contributed to the board's decision.
November 20, 2023 | 7:15 am
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Microsoft, an investor in OpenAI, supported Sam Altman, who was removed from his CEO position. Microsoft's $10 billion investment in OpenAI is for using its AI model in its products.
Microsoft's investment in OpenAI is significant, and the leadership changes could impact the direction and strategy of OpenAI, potentially affecting Microsoft's use of OpenAI's technology. However, as the company is privately held and the situation is still developing, the immediate impact on Microsoft's stock is likely to be limited.
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