Cointime

Download App
iOS & Android

Sam Altman rejoins OpenAI board, following investigation

Validated Media

Sam Altman has returned to the OpenAI board, following a whirlwind series of events in November last year, where he was initially let go from the company, only to be reinstated within days.

According to a statement published on March 8, Altman has been brought back on to the OpenAI board of directors alongside three new members, including former CEO of the Bill and Melinda Gates Foundation, Dr. Sue Desmond-Hellmann, former EVP and General Counsel at Sony Corporation Nicole Seligman, and chair of Instacart, Fidji Simo.

Just four months ago, Altman was ousted from the board and briefly dismissed from his role as the company's chief executive officer.

In November 2023, Cointelegraph reported that the OpenAI board fired Altman for allegedly being “not consistently candid in his communications with the board.”

However, employees of the company were not happy with the decision, with 505 of the 700 employees signing a letter to the board demanding that they resign. 

In a separate statement on the same day, OpenAI announced that the law firm WilmerHale had interviewed several members of the board and scrutinized over 30,000 documents. 

It was noted that the previous board had not anticipated the extent to which the sudden decision to let Altman go would destabilize the company.

Bret Taylor, chair of the OpenAI board, confirmed that Sam Altman and Greg Brockman are still the preferred choices to lead the company.

“We have unanimously concluded that Sam and Greg are the right leaders for OpenAI.”

Meanwhile, on March 6, OpenAI released a series of emails between its board members and Elon Musk regarding Musk's desire to transform the company into a “for-profit” entity.

This follows a lawsuit against OpenAI filed by Musk on Feb. 29 over an alleged breach in the original agreement to make AI breakthroughs “freely available to the public” through a multibillion-dollar partnership with Microsoft.

Musk’s suit requested that OpenAI revert back to its principles as an open-source company while requesting an injunction to prevent the for-profit exploitation of artificial general intelligence (AGI) technology.

Comments

All Comments

Recommended for you

  • BTC Surpasses $71,000

    Market data shows that BTC has surpassed $71,000, currently priced at $71,007.73, with a 24-hour decline of 2.79%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Falls Below $2200

    Market data shows that ETH has fallen below $2200, currently priced at $2199.99, with a 24-hour decline of 3.64%. The market is experiencing significant volatility, so please ensure proper risk management.

  • ETH Surpasses $2200

    Market data shows that ETH has surpassed $2200, currently priced at $2201.53, with a 24-hour decline of 3.92%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $71,000

    Market data shows that BTC has surpassed $71,000, currently priced at $71,007.05, with a 24-hour decline of 2.81%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Falls Below $71,000

    Market data shows that BTC has fallen below $71,000, currently priced at $70,974.17, with a 24-hour decline of 2.69%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Trump: U.S. Navy to Begin Blockade of Strait of Hormuz

    U.S. President Trump: The talks between the U.S. and Iran are going well, with most topics reaching a consensus, but the only truly important nuclear issue has not been resolved. Effective immediately, the U.S. Navy will begin a blockade of any vessels attempting to enter or exit the Strait of Hormuz. I have also instructed the U.S. Navy to search and seize every ship in international waters that has paid a toll to Iran.

  • U.S. Negotiation Team Members Have All Left Pakistan

    On April 12, a U.S. official stated that after the U.S.-Iran talks concluded, all members of the U.S. negotiation team have left Pakistan. The official noted that personnel, including Witkoff, Kushner, and the technical team, did not remain in the capital of Pakistan, indicating that both sides will not immediately resume direct negotiations. Earlier that day, Vance mentioned at a press conference in Islamabad that the U.S. has not reached a consensus with Iran and will return to the United States. The negotiations between the U.S. and Iran in Islamabad ended on the 12th without any agreement. The Iranian side stated that the talks were conducted in an atmosphere of 'distrust and suspicion,' with both sides having differences on two or three key issues. The U.S. side claimed that it had clearly outlined its 'red lines,' but the Iranian side did not accept the U.S. conditions.

  • ETH Falls Below $2200

    Market data shows that ETH has fallen below $2200, currently priced at $2195.81, with a 24-hour decline of 1.97%. The market is experiencing significant volatility, so please ensure proper risk management.

  • BTC Surpasses $73,000

    Market data shows that BTC has surpassed $73,000, currently priced at $73,010, with a 24-hour increase of 3.3%. The market is experiencing significant volatility, so please ensure proper risk management.

  • Iranian Armed Forces Declare Readiness to Fire at Any Time

    On April 10, a spokesperson for the Central Headquarters of the Iranian Armed Forces, Khatam al-Anbiya, stated that due to the repeated breaches of trust by the United States and Israel, the Iranian Armed Forces remain on full alert and are ready to fire at any time. (Xinhua News Agency)