Sam Altman Tried To Push Out Another Board Member Before Losing And Getting Ousted Himself: Report
Portfolio Pulse from Rounak Jain
Sam Altman, co-founder of OpenAI, attempted to remove board member Helen Toner over differences in AI development philosophy but was ousted himself. The conflict centered on a research paper by Toner criticizing OpenAI's safety approach, which led to a boardroom battle involving other members and chief scientist Ilya Sutskever. Despite the turmoil, Altman is set to return as OpenAI CEO, and a new board is being formed with Bret Taylor, Larry Summers, and Adam D'Angelo.
November 22, 2023 | 10:37 am
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Microsoft Corp. (NASDAQ:MSFT) is mentioned as a backer of OpenAI, where a boardroom battle led to the temporary ousting of Sam Altman. Altman is now set to return as CEO, and a new board is being formed.
While the news involves a company backed by Microsoft, the direct impact on Microsoft's stock is likely to be minimal in the short term. The event is more focused on OpenAI's internal governance rather than Microsoft's operations or financial performance. However, as a backer, any significant changes in OpenAI's direction or public perception could have a tangential impact on Microsoft's investment and its associated initiatives in AI.
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