December 1, 2023
2 mins read

Microsoft on OpenAI Board, Altman Takes Charge

OpenAI’s new board consists of chair Bret Taylor, Larry Summers, and Adam D’Angelo, the only remaining holdout from the previous board….reports Asian Lite News

Sam Altman has officially returned to OpenAI as CEO after an intense drama earlier this month, with Microsoft getting a non-voting observer seat on the company’s board.

OpenAI’s new board consists of chair Bret Taylor, Larry Summers, and Adam D’Angelo, the only remaining holdout from the previous board.

Microsoft is a major investor in OpenAI, with a 49 percent stake in the for-profit entity that the nonprofit board controls, reports The Verge.

In a memo to employees, Altman said that he harbours “zero ill will” towards Ilya Sutskever, OpenAI’s co-founder and chief scientist who was behind Altman’s ouster.

“While Ilya will no longer serve on the board, we hope to continue our working relationship and are discussing how he can continue his work at OpenAI,” Altman said in the memo.

“The fact that we did not lose a single customer will drive us to work even harder for you,” he told employees.

He said that OpenAI will advance research plan and further invest in its full-stack safety efforts.

“Our research roadmap is clear; this was a wonderfully focusing time. I share the excitement you all feel; we will turn this crisis into an opportunity! I’ll work with Mira (Murati) on this,” Altman said.

OpenAI board chair Taylor told employees that they are thrilled that “Sam, Mira and OpenAI President and co-founder Greg Brockman are back together leading the company and driving it forward”.

“We will build a qualified, diverse board of exceptional individuals whose collective experience represents the breadth of OpenAI’s mission – from technology to safety to policy. We are pleased that this Board will include a non-voting observer for Microsoft,” he added.

Altman was earlier fired as CEO of OpenAI, the developer of AI chatbot ChatGPT, and the earlier board had said it “no longer has confidence in his ability to continue leading OpenAI.”

Later, Microsoft Chairman and CEO Satya Nadella announced to hire Altman and Brockman to help the company pursue its advanced AI dreams with a new vertical.

ALSO READ: Indian Jeweller Malabar Gold Enters Canada

Previous Story

Cabinet Nod to Imran Khan’s Jail Trial in Cipher Case

Next Story

MODIFI Aligns Growth with ‘Make in India’

Latest from Business

RBI Holds Rates, Boosts Outlook

One of the most significant announcements was the upward revision of India’s GDP growth forecast for FY 2025–26—from 6.5% to 6.8% In a move reflecting cautious optimism, the Reserve Bank of India

Nykaa Expands Global Footprint with UK Debut

To commemorate this significant global debut, Nykaa’s leadership hosted an exclusive soiree at the George Club in Mayfair, London Nykaa, India’s leading beauty and lifestyle destination, is set to make a grand

Nothing’s CMF Goes Indian with $100M JV

Company has announced a $100 million joint venture with Indian electronics manufacturer Optiemus Infracom Limited….reports Asian Lite News Smartphone maker Nothing has spun off its budget sub-brand CMF into an independent subsidiary,

Airbnb Boosts India Economy

Among international guests, the largest inbound sources were the United States, United Kingdom, Canada, and Australia Hospitality giant Airbnb made a significant impact on India’s economy in 2024, contributing Rs 113 billion

Rupee, Markets Gain Amid Trade Optimism

Emerging market currencies, including the rupee, have gained support amid softening in the dollar. Reports suggesting that the US economy is on the verge of a recession have contributed to the greenback’s
Go toTop

Don't Miss

OpenAI restores access to ChatGPT in Italy after ban

EU users can submit a new form to remove personal

ISRO, Microsoft team up to boost startups

Through ‘Microsoft for Startups Founders Hub’, space-tech startup founders in