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

Canada to lift counter-tariffs on US goods

Canadian Prime Minister Mark Carney has announced that Ottawa will remove its counter-tariffs on US goods covered under the Canada-US-Mexico Agreement (CUSMA), beginning 1 September. The move marks a partial easing of

PM Modi: India poised to lead next tech wave

PM Modi underscored that the country is poised to lead the next wave of digital transformation in 5G…reports Asian Lite News Prime Minister Narendra Modi on Wednesday hailed India’s progress in expanding

India Hits 100GW Solar

The expansion is not only in scale but also in quality, with significant capacity dedicated to high-efficiency modules. Many manufacturers have adopted vertically integrated operations, enhancing quality, reducing costs, and improving resilience

Jewellery Exports Shine Bright

The GJEPC noted that product diversification has played a major role in sustaining momentum. Lightweight and contemporary designs are gaining traction among younger global consumers, helping Indian jewellers appeal to a wider
Go toTop

Don't Miss

Google, Microsoft to use renewable energy in data centres

The move follows earlier agreements by both companies to buy

Bill Gates steps down from Microsoft board

“Microsoft received a concern in the latter half of 2019