OpenAI Hires Back Sam Altman, The Previous CEO After Employees Rebels

by

22 November 2023

News

OpenAI Hires Back Sam Altman, The Previous CEO After Employees Rebels

Sam Altman, the previous CEO of OpenAI, returns after he was overthrown from the company by the last board members, including D’Angelo. Even though there was no specific information given as to why Altman was fired from the company, he is being hired back.

The decision taken by the board of directors of OpenAI last Friday shocked the Artificial Intelligence industry, especially because it was Altman who was the face and one of the company’s co-founders.

The startup organization, OpenAI, faced internal conflict as another co-founder, Greg Brockman, resigned as the president. Furthermore, a board member and fellow co-founder of OpenAI posted on X about how he deeply regretted his decision to fire Sam Altman from his position as CEO.

The post on the social media platform seemed like a mending of the bridge and trying to bring him back to the company. With all these developments among the senior management, the 770 startup employees also brazenly signed a letter.

In the letter, the employees called for the previous CEO Altman’s return and the previous board’s resignation. On the other hand, Microsoft’s approach to hiring Altman might not be happening anymore after this development.

The CEO Satya Nadella at Microsoft announced on Monday on X about the joining of Altman and Brockman to a new advanced team. Considering Microsoft is one of the largest investors of OpenAI, they believe that Altman will be working for them under any condition.

He also confirmed that he is open to Altman going back to OpenAI as long as the board’s problems at OpenAI are resolved along with the smooth governance of the organization. Initially, OpenAI was co-founded by Altman to benefit humanity by creating smarter content; however, it later became a profitable business.

He also shouted out to the employees at OpenAI regarding their petition in support of Altman. Further, the CEO offered jobs that matched the current job profile and responsibilities of all employees at OpenAI.

Learn More About:

Sagnika Sinha is a content writer who is passionate about writing travel vlogs, entertainment and celebrity articles and literature-based pieces. With a 4 years experience in teaching, she loves reading books. A procrastinator by nature, she loves travelling, listening to music, planting and gardening.

View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Related

Is Walmart Open On Thanksgiving

Is Walmart Open On Thanksgiving? Here Is A List Of What’s Open

Prepare for Thanksgiving with this quick guide on what's open and closed this holiday. Whether you're in need of last-minute groceries, planning to grab a quick bite, or thinking about some holiday shopping, here's what you need to know. Some major players like Costco and Target are taking a break on Thursday, but fear not – options abound. Kroger and Big Lots keep their doors open, although some have reduced hours. According to industry experts, this shift reflects changing consumer habits and a nod to employee well-being. Walmart is giving its associates a break, with all stores closed on Thanksgiving. Similarly, Target and Ross are following suit, keeping their doors shut this year on the holiday. https://twitter.com/USATODAYmoney/status/1727077184932655409?s=20 Costco and Sam's Club won't be luring shoppers in on Thanksgiving either. Meanwhile, Home Depot and Lowe's are also taking a pause. Ace Hardware stores, being independently owned, have varying hours, but many will join the Thanksgiving closure trend, according to the company. Most CVS stores keep regular hours for those needing some pharmacy items, and the same is true for Walmart Pharmacy. But it's wise to check for local variations. For the first time in its history, Walgreens is closing most locations on Thanksgiving, with 24-hour stores being the exception. Remember, the U.S. Postal Service won't deliver mail on Thursday, but fear not – normal operations resume on Friday. UPS and FedEx stores are also closed on Thanksgiving, and no packages will arrive to you on Thursday. Operations return to normal on Friday for both. If you're in banking mode, major banks like Wells Fargo, Bank of America, Capital One, Citibank, PNC, and Truist are closing their branches on Thanksgiving. However, Friday sees them back in business as usual. Stay informed by checking your local store or restaurant online before heading out – hours and closures can vary. Thanksgiving is a time to give thanks, and knowing what's open and closed makes planning your day a breeze. Enjoy your Thanksgiving! Read More About: How To Cancel Walmart Plus? – Step By Step Guide Walmart Deals On Black Friday: Apple Watch, PS5, And More

READ MOREDetails
Retail Giants Gear Up For Earnings Walmart & Ross Leads Target Lags Behind

Retail Giants Gear Up For Earnings; Walmart & Ross Leads, Target Lags Behind  

This week, several key players in the retail sector are slated to reveal their quarterly earnings. The spotlight is on companies navigating these turbulent waters in a year marked by economic challenges and fluctuating consumer confidence. Those prioritizing discount goods over discretionary items have emerged as industry leaders. Predicting Earnings Surprises   Investors eyeing these retail giants have a powerful tool at their disposal—Zacks Earnings ESP (Expected Surprise Prediction). This tool aims to identify companies experiencing positive earnings estimate revisions, leveraging the belief that recent information holds predictive power during earnings season. Historically, combining a Zacks Rank #3 or better with a positive Earnings ESP has yielded positive surprises 70% of the time, boasting a 28.3% average annual return over a 10-year period. https://twitter.com/anycurrencynews/status/1725133408811065432?s=20 Earnings Anticipation In Retail   In the challenging landscape of retail, this year has been a litmus test for what resonates with consumers. Despite varied stock performances, all eyes are on a group of retailers forecasted to beat earnings estimates, indicating a bullish sentiment among analysts. Walmart   Walmart, a standout performer this year with a 20.3% year-to-date rally, holds a Zacks Rank #2 (Buy). The retail giant's strategic focus on discount offerings and a robust e-commerce expansion have contributed to its success. Walmart's Q3 earnings report, set for November 16, is anticipated to exceed estimates, with a Zacks ESP forecasting a 0.8% beat. The TJX Companies   Benefiting from its discount pricing strategy, TJX Companies has seen an 18% YTD gain. Operating across 4,900 stores in nine countries, this off-price retailer is set to report earnings on November 15. The Zacks ESP projects a 2.6% earnings beat, reflecting a mixed earnings outlook. Ross Stores   With a Zacks Rank #2 (Buy), Ross Stores has capitalized on the discount retail trend, gaining 10% YTD. Expected to report on November 16, the Zacks ESP suggests a 2.08% earnings beat. Ross Stores offers in-season, branded, and designer merchandise at prices 20% to 60% below regular department store rates. Target   Facing headwinds this year, Target's stock has dipped by -23.7% YTD. Target reported on November 15 that it had experienced a significant drop in comparable sales as consumers cut back on discretionary spending. Despite a Zacks Rank #4 (Sell), indicating falling earnings estimates, there's a glimmer of hope with a Zacks Earnings ESP projecting a 1.97% earnings beat. While Walmart continues to lead the pack, Target's dip in valuation raises questions about its future trajectory. Investors are advised to stay vigilant and monitor shifts in earnings estimates for potential investment opportunities in this dynamic retail landscape. Learn More About: Walmart Deals On Black Friday: Apple Watch, PS5, And More Elon Musk To Introduce New Products That Will Challenge YouTube And LinkedIn

READ MOREDetails
WhatsApp Is Testing Pinning Feature With Specific Timeframe

WhatsApp Is Testing Pinning Feature With Specific Timeframe

According to the latest reports, WhatsApp is exploring the message pinning feature for the upcoming set of updates. WABeta Info has revealed, “A limited group of beta testers can now pin messages and experiment with a redesigned attachment menu.” The website further revealed, “This option allows users to pin a message to the top of the conversation, making it easier for users to highlight and access important or frequently referenced messages quickly. Additionally, some beta testers may experiment with a redesigned chat attachment menu that features a new modern style.” https://twitter.com/suarasocial/status/1711351152539791807?s=20 According to the site, this feature has already been made available to a test group using the 2.23.6.17 version update of the Android app. The latest feature is named “pin.” It shows up on the screen when a text box is long-pressed. It takes you to the settings menu, which can be found in the three-dot icon. This feature will allow users to pin a certain message to the top of the conversation. It allows easy access to frequently referenced messages. The website has also said, “It’s worth noting that pinned messages are also available in individual conversations, making it easier to highlight specific content even within private chats.” Users are set to be able to pin the message for a span of 30 days, 7 days, or 24 hours. Whatsapp users can also have the flexibility to remove the message before the expiration minute arrives. Learn More About: The Names Of Best Movies Which You Should Know On Max Right Now   Instagram Head Adam Mosseri Says, “Threads Is Not Going To Amplify News”

READ MOREDetails