Reuters reports that the CEO of OpenAI, Mr. Sam Altman, who was recently fired from the position, is now saying there is a possible return for the ChatGPT bot. The turmoil at OpenAI has left investors and employees alike anxious about the future of the company.
Let's delve into Sam Altman's relationship with OpenAI and his impact on the industry. According to a Thompson Reuters article, Sam Altman has been viewed as the face of generative AI, making his recent ousting from his position a shock. Some investors in OpenAI, among which its largest backer, Microsoft, who holds almost 49% of the AI company, are now deliberating putting Altman back into position due to a fear of further damaging the company. Being an early backer of OpenAI, Khosla Ventures wants Altman back in his position at OpenAI and says he "will back him in whatever he does next". Employees of OpenAI are now distraught over the management disruption and fear for an upcoming $86 billion share sale.
It is crucial to understand why such a significant change occurred in OpenAI's leadership structure. According to an article by the New York Intelligencer, Sam Altman, the co-founder and CEO of OpenAI, was fired from his position last Friday due to the fact that he was not completely honest with the company he led. OpenAI said that there was a "deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities." Although this company was considered by numerous people to be the beginning of an AI revolution, the company viewed Mr. Altman as someone who "the board no longer has confidence in his ability to continue leading OpenAI."
In order to get a clearer perspective, let's briefly explore Reuters' role as an information provider. According to Investopedia, Reuters is a news media company and global information provider that is currently headquartered in London, England. Its parent company is Thompson Reuters Corporation. This is because Reuters was an independent news company until the Thompson Financial Corporation, headquartered in New York, bought the media agency in 2008. This agency provides analytics, data, content, trading, news articles, and messaging capabilities to a worldwide audience. It is a major provider of financial markets information and news.