HomeTechnologyOpenAI in Discussions to Restore Sam Altman as CEO

OpenAI in Discussions to Restore Sam Altman as CEO

The board of OpenAI is engaged in discussions with former CEO Sam Altman to return to the company in his previous role. This comes after he was promptly dismissed from his role on Friday without any prior notice.

In response to Altman’s dismissal, several OpenAI employees threatened to resign from the company. While the board met their demand to allow the former CEO to return, they missed the 5 p.m. deadline set by the workers. Greg Brockman, OpenAI’s president and former board chairman, resigned after Altman’s dismissal, as did several senior researchers, with reports emerging of further resignations in the works.

Following Altman’s dismissal, Microsoft, OpenAI’s largest investor, affirmed its commitment to the ChatGPT maker, however, investors were caught off guard by the decision given that no prior warning was given nor any opportunity to weigh in on the issue.

U.S. Job Gains Reach Lowest Level in 6 Months, Unemployment Rate on the Rise

The U.S. job market is facing an unexpected shift compared to the start of 2024. A recent report from the Bureau of Labor Statistics...

McDonald’s Reports Mixed Q1 Results, Misses on Sales Estimates

Fast food enthusiasts haven’t been flocking to McDonald’s in the first quarter of 2024 in the manner the company expected. Sharing its quarterly result,...

Blackstone Reaches $1.6 Billion Takeover Agreement for Hipgnosis Songs

Alternative investment management company Blackstone has reached an agreement to acquire Hipgnosis Songs, a song management fund that owns the music catalog rights of...