Sam Altman Rejoins OpenAI Board Amid Elon Musk's Lawsuit and Profit Transformation Controversy
Summary:
Sam Altman returns to OpenAI board following a brief dismissal last year, with three new members joining him. His firing caused distress within the company, leading to an extensive review and his reappointment. Simultaneously, a thread of emails between OpenAI and Elon Musk reveals Musk's aim to make OpenAI a profitable entity. This comes amidst Musk's lawsuit against OpenAI, citing a breach of their original agreement to make AI developments openly accessible.
Following last year's shocking dismissal and subsequent swift reappointment, Sam Altman rejoins the OpenAI board, according to an announcement on March 8. Three new members join him, comprising former Bill and Melinda Gates Foundation CEO Dr. Sue Desmond-Hellmann, former Sony Corporation EVP and General Counsel Nicole Seligman, and Instacart chair Fidji Simo.
Altman's departure from OpenAI back in November 2023 was reported by Cointelegraph when the board members accused him of lacking honesty in his dialogues. Nonetheless, the company's workforce disagreed with the decision, leading 505 out of 700 employees to pen a letter to the board demanding their resignations.
In a tandem announcement, it was disclosed that the law firm WilmerHale had conducted interviews with a number of board members and reviewed over 30,000 documents. The prior board, they found, hadn't foreseen the extent of destabilization Altman's sudden firing would bring.
Bret Taylor, the present OpenAI board chair, affirms Altman and Greg Brockman's positions as the desired leaders for OpenAI, stating they have been unanimously voted in favor.
In a separate event on March 6, OpenAI made public a string of emails between its board and Elon Musk, revealing Musk's aim to convert the company into a profit-making business.
Tightly linked to this is Musk's Feb 29 lawsuit against OpenAI over allegedly breaching their original pact with Microsoft to make AI advancements openly accessible, which raised questions about OpenAI turning into another WeWork. His litigation seeks to uphold OpenAI's original principles as an open-source company and to stop the commercial utilization of AGI technology.
Published At
3/10/2024 8:58:30 AM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.