Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Alamy Stock Photo

Investors in OpenAI seek return of fired CEO, US media report

One member of the company’s board has expressed concerns that Altman has underestimated the risks of the company’s AI technology.

MAJOR INVESTORS IN OpenAI, the company behind hugely popular ChatGPT, are working to orchestrate the return as CEO of Sam Altman, a leader in the AI revolution who was fired in a shock move Friday, US media has reported.

Investors as important as Microsoft and venture firm Thrive Capital “are making efforts to bring back Sam Altman,” the Wall Street Journal (WSJ) reported, citing unnamed sources.

Microsoft and Thrive are the two largest investors in OpenAI, but other investors are supportive of these efforts, the WSJ said.

The New York Times meantime said that Ilya Sutskever, a respected AI researcher and member of the company’s board of directors, had expressed growing concern about the possible dangers of OpenAI’s technology, and felt Altman underestimated such risks.

OpenAI sent a shock through the industry on Friday when it announced the immediate ouster of Altman, a major Silicon Valley star.

A statement from OpenAI’s board referred to the company’s stated mission of making sure artificial intelligence benefits everyone, and said that “new leadership is needed for the company to move forward.”

Greg Brockman, one of OpenAI’s co-founders, was pushed from the company’s board in the shakeup Friday. He said later that he had quit. Several other company officials also said they were leaving.

The company said that Altman’s departure followed “a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.”

“The board no longer has confidence in his ability to continue leading OpenAI.”

The statement added: “We are grateful for Sam’s many contributions to the founding and growth of OpenAI. At the same time, we believe new leadership is necessary as we move forward.”

Sequoia Capital, another investor in OpenAI, said it supported Altman and Brockman in whatever they chose to do next, whether to return to the company or create a new startup, CNBC reported, quoting an unnamed source.

The 38-year-old Altman was pondering a return to the company but wanted changes in both the board of directors and the company’s governance structure, the WSJ said.

It said Altman was at the same time holding talks on possibly creating a new company, including several of the OpenAI employees who resigned after his firing. A final decision was expected as soon as this weekend.

Since ChatGPT went online on 30 November, 2022, millions of people have used it to help compose messages, request a recipe or invent a story for their children – which the robot can then read to them.

© Agence France-Presse

Author
View 13 comments
Close
13 Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel

     
    JournalTv
    News in 60 seconds