tl;dr
OpenAI is in discussion with former CEO Sam Altman, who was ousted on Friday after the board lost confidence in him. The Verge reported that Altman is considering a return but is ambivalent and seeking governance changes. Several senior researchers have resigned in the wake of his ouster, and former...
OpenAI is in discussion with former CEO Sam Altman, who was ousted on Friday after the board lost confidence in him. The Verge reported that Altman is considering a return but is ambivalent and seeking governance changes. Several senior researchers have resigned in the wake of his ouster, and former president and board chairman Greg Brockman also stepped down, prompting rumors of starting a new company.
The board initially agreed to resign and allow Altman and Brockman to return, but have since waffled, prompting investor pushback and a missed deadline for many staffers to resign. OpenAI's largest investor, Microsoft, is now in discussions with other investors to reinstate Altman as CEO, while the company's CTO has been appointed interim CEO. The news of Altman's departure came just after the company's first developer conference, where he touted the company's growth and expressed interest in raising more money, potentially from Microsoft.
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Microsoft Corporation is a leading American multinational technology company with a diverse product portfolio. The company is known for its software products such as Microsoft Windows, Microsoft Office, and web browsers like Internet Explorer and Edge. In addition to software, Microsoft also produces hardware including Xbox video game consoles and the touchscreen personal computers in the Microsoft Surface lineup. The company ranked No. 21 in the 2020 Fortune 500 rankings of the largest U.S. corporations by total revenue, indicating its strong financial performance. Microsoft is considered one of the Big Five companies in the U.S. information technology industry. Its stock performance has been positive, with a market cap of $2.74 trillion and a share price of $403.31, reflecting market sentiment and investor confidence. Overall, Microsoft's financial data suggests strong performance in both software and hardware segments, making it an important player in the technology and services industry.