News Talks to reinstate OpenAI’s ousted CEO Sam Altman are to continue today, according to reports

[Admin]

After his surprising and unceremonious ousting on Friday, there have been talks, and pressure from big investors like Microsoft, to reinstate Sam Altman.

Talks to reinstate OpenAI’s ousted CEO Sam Altman are to continue today, according to reports : Read more

 

[usertests]

This is the craziest tech business story in a while. They got removed by a "coup", but if Altman, Brockman, and others do come back, they will clean house and have more control than ever. Meanwhile, chaos at OpenAI will give other companies a chance to grab customers.

 

[PEnns]

Hard to believe this is the top story everywhere you look the last 3 days! This is beyond silly.

 

[ivan_vy]

fired cause OpenAI might cost 700k daily, stockholders got nervous.
might get him back to avoid competition with the very same Altman, stockholders got nervous.

The Untold Drama: Why Sam Altman Was Fired from OpenAI

In this article, we’ll deeply dive into what led to Sam Altman being fired, why it happened, and what’s next with GhatGPT Plus, GPT4 and…

medium.com

 

[Bikki]

The story of Steve Job get ousted then backed again, but compressed to 7 days.

 

[elforeign]

What were these guys thinking? Fire CEO and no plan seemingly?

 

[RedBear87]

What were these guys thinking? Fire CEO and no plan seemingly?

Good question, the alternatives basically are that they were either not up to the task or they didn't care about losing their investors' money. But considering how quickly Altman is seemingly returning, he's entered OpenAI's HQ earlier today, it looks like they do care about their investors. So I'm just left with the impression that they were not up to the job (and should get dismissed ASAP).

 

[NinoPino]

I'd really like to know what are all the true reasons for Altman dismissal. 'lack of confidence' sounds a bit generic.

 

[palladin9479]

Good question, the alternatives basically are that they were either not up to the task or they didn't care about losing their investors' money. But considering how quickly Altman is seemingly returning, he's entered OpenAI's HQ earlier today, it looks like they do care about their investors. So I'm just left with the impression that they were not up to the job (and should get dismissed ASAP).

Boards don't really have a choice when it comes to owners money, and that's what investors are, owners. 51% of a companies ownership can replace a board by just filing for a special election with the SEC. I'm thinking the "board" were tech startup people who didn't understand this and thought "I am the law", large shareholders (owners) making phone calls is enough to scare any BOD.

 

[bit_user]

The story of Steve Job get ousted then backed again, but compressed to 7 days.

No, this is just a high-stakes boardroom drama, played out in public.

Steve went off and did other stuff for like 15 years (including co-owning Pixar). He changed, grew, matured, and Apple brought him back along with his NextStep OS, as the basis for OS X.

 

[bit_user]

51% of a companies ownership can replace a board by just filing for a special election with the SEC.

I thought the SEC just had jurisdiction over publicly-traded companies & stock exchanges.

 

[pclaughton]

Hard to believe this is the top story everywhere you look the last 3 days! This is beyond silly.

I hope it never ends! It's Downton Abbey for nerds!

 

[RedBear87]

I hope it never ends! It's Downton Abbey for nerds!

I wondering if OpenAI will change interim CEO every day from now on. They've already replaced Murati with Shear, and the new CEO on X is saying some serious stuff, including potential changes to the governance, aimed evidently at restoring investor's confidence in OpenAI. But are Ilya and company really going to allow that?

 

[elforeign]

I wondering if OpenAI will change interim CEO every day from now on. They've already replaced Murati with Shear, and the new CEO on X is saying some serious stuff, including potential changes to the governance, aimed evidently at restoring investor's confidence in OpenAI. But are Ilya and company really going to allow that?

Well, Sam and Greg are now Microsoft employees. Ilya sounds like he stuck his foot in his mouth, then forced it down his throat and it's currently tickling him somewhere around his intestines - good luck with that one!

Mira looks like she's headed out the door.

Really need Netflix to step up its game here and provide us with the entertaining visuals.

 

[NinoPino]

Well, Sam and Greg are now Microsoft employees. Ilya sounds like he stuck his foot in his mouth, then forced it down his throat and it's currently tickling him somewhere around his intestines - good luck with that one!

Mira looks like she's headed out the door.

Really need Netflix to step up its game here and provide us with the entertaining visuals.

Interesting.... may be this was the problem from the beginning, who knows if Sam and Greg already have some stranger perfume, "eau de Microsoft" ?

 

[bit_user]

Really need Netflix to step up its game here and provide us with the entertaining visuals.

Perhaps generative AI could help!
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