OpenAI's Board Gets Veto Power To Undo Sam Altman's Decisions And Hold Him Accountable
Portfolio Pulse from Rounak Jain
OpenAI has introduced a 'Preparedness Framework' that allows its board of directors to veto decisions made by the leadership, including CEO Sam Altman. The framework focuses on AI safety, dividing responsibilities among three groups: Safety Systems, Preparedness, and Superalignment. The board's veto power acts as a failsafe against decisions that may compromise the company or stakeholders. The framework is still in 'beta' and will be refined over time. This change follows a recent event where Altman was briefly fired by the board and then reinstated after employee backlash.
December 19, 2023 | 8:53 am
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Microsoft Corp., which backs OpenAI, may see indirect effects from OpenAI's new governance framework emphasizing AI safety and board empowerment. The framework could influence perceptions of AI safety in Microsoft's AI investments.
While Microsoft is a backer of OpenAI, the direct impact of OpenAI's internal governance changes on Microsoft's stock is likely to be minimal in the short term. However, as AI safety becomes a more prominent issue, Microsoft's association with OpenAI's proactive stance on the matter could positively influence investor perception of Microsoft's commitment to responsible AI development.
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