OpenAI Officially Marks Return Of Sam Altman As CEO – Crypto News – Crypto News
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OpenAI Officially Marks Return Of Sam Altman As CEO – Crypto News

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In what could officially put an end to the uncertainty around Sam Altman’s future at OpenAI, the company on Wednesday said it all set for Altman’s return as chief executive officer. In addition, the company reportedly said it has finalized arrangements to give its partner and investor Microsoft a non-voting seat on its board.

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OpenAI Has New Initial Board

This comes after drama unfolded on November 17, 2023, when OpenAI fired Sam Altman from the company. This move has escalated an ugly internal conflict for the company, with employees threatening to quit over Altman’s exit. Following this, the company’s board announced it would bring back Altman as CEO. In a statement, the company announced that Mira Murati will return to the role of CTO while the new initial board will have Bret Taylor as Chair besides Larry Summers, and Adam D’Angelo.

The board emphasized on its plans to further stabilize the OpenAI organization, and enhance the company’s governance structure.

Sam Altman Has A Message On Return As CEO

Altman said he was looking forward to continue the task of building beneficial artificial general intelligence (AGI). In his blog post, Altman reiterated on OpenAI’s terms with Microsoft, adding that the tech giant will be part of the board as non-voting observer. “We clearly made the right choice to partner with Microsoft and I’m excited that our new board will include them as a non-voting observer.”

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Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1,200 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or twitter.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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