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Peter Davis

An writer at FOMOdrive

  • Nov 21, 2023
  • 2 min read

The scandal surrounding OpenAI and Sam Altman is gaining momentum

Without warning, Sam Altman, a co-founder of OpenAI, was dismissed by the board of directors on Friday.

On Monday, Microsoft revealed that they had hired the former head of ChatGPT developer, who had been let go previously.

Following the dismissal of Sam Altman, OpenAI employees that evening demanded the resignation of the board of directors.

On Monday, Microsoft stocks experienced a 2% surge, reaching unprecedented heights.

At an emergency meeting on Friday, the board of directors of OpenAI decided to dismiss Sam Altman, the company's CEO, due to a loss of trust. OpenAI is the developer of the chatbot with artificial intelligence ChatGPT.

The statement indicated that Sam Altman's lack of openness with the board of directors hindered his capacity to fulfill his duties.

Employees were taken aback by the sudden dismissal of Altman, who had been the public face of OpenAI since its launch in 2015 with Elon Musk.

The cause of the conflict remains a mystery - some of Bloomberg's sources mention Altman's intentions to establish a rival company, while CNN reports on the philosophical differences between the co-founders concerning the advancement of AI. Other sources, however, point to a disagreement between Altman and OpenAI's scientific director, Ilya Sutskever, as the root of the problem.

Microsoft announced on Monday that Sam Altman, the former CEO of OpenAI, will be heading a new artificial intelligence division. He will be joined by Greg Brockman, the ex-president of ChatGPT, and other prominent researchers who have departed OpenAI.

Microsoft's stock prices reached their highest point ever last week after the announcement of their involvement with OpenAI. Microsoft is the biggest investor in OpenAI, having invested around $13 billion in the company and using their technologies to update their entire product range.

On Monday evening, CNN reported that more than 500 of OpenAI's 700 employees had issued an ultimatum: either the board of directors resigns or the employees will quit and move to Altman. This was yet another information bomb to detonate.

OpenAI has yet to reply to the ultimatum given by its employees, and Emmet Shear, the ex-CEO of Twitch streaming platform, has been appointed as the acting head of the organization. Microsoft CEO Satya Nadella expressed his enthusiasm for Altman's transition to Microsoft and confirmed that Microsoft will keep collaborating with OpenAI.

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