Board

Back in November, Sam Altman was fired from his position as CEO of OpenAI on a Friday the week before a holiday weekend—only to return to his job after a chaotic 86 hours that nearly tanked the $80 billion company. This past Friday, OpenAI dropped another bombshell. It announced the outcome of the investigation into the behavior that prompted Altman’s ouster—and it introduced a handful of new members to the board.According to OpenAI, a review of more than 30,000 documents by WilmerHale, a law firm that was contracted to…

Sam Altman is rejoining the board of ChatGPT-maker OpenAI along with three new directors, as the startup tries to move past his sudden ouster in November that had shocked the tech industry.Altman had returned as CEO of OpenAI just four days after his firing with a new board made up of Quora CEO Adam D’Angelo, former U.S. Treasury Secretary Larry Summers and former co-CEO of Salesforce Bret Taylor.The board will now expand with the addition of Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation;…

OpenAI CEO and co-founder Sam Altman has been reinstated to the firm’s board of directors following an outside investigation into the turmoil that led the company to abruptly fire and rehire him in November.OpenAI said the investigation by the law firm WilmerHale concluded that Altman’s ouster had been a “consequence of a breakdown in the relationship and loss of trust” between Altman and the prior board and that the CEO’s conduct “did not mandate removal”.For more than three months, OpenAI said little about what led its…

San Francisco: OpenAI Chief Executive Sam Altman will return to the ChatGPT-maker’s board along with three new directors, the world’s most prominent artificial intelligence company said on Friday.An investigation by law firm WilmerHale into the events surrounding Altman’s November firing has concluded, and the company has created new governance rules and strengthened its conflict of interest policy. The board said it unanimously backed Altman’s leadership. Employees, investors and OpenAI’s biggest financial backer,…

Sam Altman, the CEO of artificial intelligence (AI) company OpenAI, was reinstated to its board of directors following an investigation Friday. “We have unanimously concluded that Sam and are the right leaders for OpenAI,” Bret Taylor, chair of the OpenAI board, said in a Friday blog post. Altman was fired and quickly rehired as CEO of OpenAI and also booted from its board in a notable debacle in November. The company also announced that it would form a new board in the wake of the incident. In its…

OpenAI CEO Sam Altman will return to the board of the company which is behind popular artificial intelligence (AI) chatbot ChatGPT. The development comes after a boardroom drama that saw Altman being fired in November last year. Altman will join the board with three new directors – Sue Desmond-Hellmann, former CEO of the Bill and Melinda Gates Foundation; Nicole Seligman, former president of Sony Entertainment; and Fidji Simo, CEO of Instacart.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

In its investigation, which involved reviewing more than 30,000 documents and interviewing dozens of people, WilmerHale found that the four board members had accurately portrayed their reasoning when they fired Altman citing his lack of candor with the board. The report found that they had not expected firing Altman “would destabilize the company,” according to OpenAI’s blog post on Friday. OpenAI released only a summary of the findings, not a complete report.“WilmerHale also found that the prior board’s decision did not…

OpenAI Chief Executive Officer Sam Altman was cleared of any wrongdoing that would have mandated being fired from the company late last year, according to a report based on a monthslong investigation into the events leading up to his brief ouster.WilmerHale, the law firm that conducted the inquiry, found that the board's decision to fire Altman was a “consequence of a breakdown in the relationship and loss of trust between the prior board and Mr. Altman,” the artificial intelligence startup said Friday. It did not arise…

Sam Altman, the CEO of OpenAI, has a seat at the table — or board, rather — once again. OpenAI today announced that Altman will be rejoining the company’s board of directors several months after losing his seat and being pushed out as OpenAI’s CEO. Joining him are three new members: former CEO of the Bill and Melinda Gates Foundation Sue Desmond-Hellmann, ex-Sony Entertainment president Nicole Seligman and Instacart CEO Fidji Simo — bringing OpenAI’s board to eight people. The members of the transitionary board — the…

CEO Sam Altman will return to the board of OpenAI, the company said on Friday, just months after a boardroom dustup that saw him fired and rehired by the company behind ChatGPT.Altman was also found to have been wrongly fired in an internal investigation that was launched in the days after his chaotic dismissal last year, the company said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitMITMIT Technology Leadership and…