In a surprising move, OpenAI, the artificial intelligence research lab, ousted its CEO, Sam Altman, raising eyebrows and leaving shareholders in the dark. While concerns about the rapid advancement of AI technology may have played a role in Altman's termination, the handling of the situation has drawn criticism from various quarters, reports CNN. The decision to remove Altman, credited with steering OpenAI from obscurity to a $90 billion valuation, was made abruptly, catching even major stakeholders like Microsoft off guard. Human drama at OpenAI: Board reportedly ‘in discussion’ with Sam Altman to return as CEO The CNN report suggests that Microsoft, OpenAI's most important shareholder, was unaware of Altman's dismissal until just before the public announcement, causing a significant drop in Microsoft's stock value. OpenAI employees, including co-founder and former president Greg Brockman, were also blindsided, leading to Brockman's subsequent resignation. The sudden departure of key figures prompted rumors of Altman and former employees planning to launch a competing startup, posing a threat to OpenAI's years of hard work and achievements, said the report. The situation worsened due to the peculiar structure of OpenAI's board. The company, a nonprofit, harbors a for-profit entity, OpenAI LP, established by Altman, Brockman, and Chief Scientist Ilya Sutskever. The for-profit arm's rapid innovation to achieve a $90 billion valuation clashed with the nonprofit's majority-controlled board, resulting in Altman's dismissal, it also said. The tipping point appears to be Altman's announcement at a recent developer conference, signaling OpenAI's intention to provide tools for creating personalised versions of ChatGPT. This move, seen as too risky by the board, may have triggered Altman's removal. ChatGPT-maker OpenAI fires CEO Sam Altman Altman's warnings about the potential dangers of AI and the need for regulatory limits indicate a clash between innovation and safety within OpenAI. The board's concerns about Altman's pace of development, while perhaps justified, were mishandled, leading to a crisis that could have been avoided. The aftermath sees OpenAI scrambling to reverse the decision, attempting to entice Altman back. The incident has strained relations with Microsoft, which now demands a seat on the board. OpenAI's future hangs in the balance, with possibilities ranging from Altman's return to a potential competition with a new startup, the report also said. In the end, OpenAI finds itself in a precarious position, facing potential internal upheaval and external challenges, highlighting the importance of strategic decision-making in the rapidly evolving field of artificial intelligence. Microsoft hires OpenAI founder Sam Altman to lead AI research team

The OpenAI board is reportedly "in discussion" with Sam Altman regarding his potential return as Chief Executive Officer (CEO) after he was suddenly fired on Friday (November 17, 2023), according to The Verge. Quoting sources close to the matter, The Verge reported that Altman is “ambivalent” about coming back and would want significant governance changes. Also read: ChatGPT-maker OpenAI fires CEO Sam Altman Earlier, many staffers of OpenAI, the US-based AI research and deployment company that developed ChatGPT, gave an ultimatum to the OpenAI board to resign and bring back Sam Altman and Greg Brockman, chairman of OpenAI who resigned in protest of firing Altman. As per The Verge, the board has initially reached an agreement to resign, making way for Altman and Brockman to return. However, there seems to have been a change in their stance since then. A source close to Altman told Verge that if he decides to start a new company, those staffers will go with him, which could lead OpenAI towards a state of free-fall. Also read: ChatGPT-4: All you need to know Following Altman’s termination as CEO, a string of senior researchers of the organisation have resigned from their posts at OpenAI. Meanwhile, in a memo sent to OpenAI staffers, one executive member of the company has reportedly said "we remain optimistic" about bringing back Sam Altman, The Verge reports, quoting The Information. The Verge, however, couldn't confirm whom the executive was referring to with the term "we."