Elon Musk

Sam Altman has returned to the OpenAI board following a whirlwind series of events in November 2023, where he was initially let go from the company, only to be reinstated within days.
<a href="https://openai.com/blog/openai-announces-new-members-to-board-of-directors" target="_blank" rel="noopener nofollow">According</a> to a&nbsp;statement&nbsp;published on March 8, Altman has been brought back on to the OpenAI board of directors alongside three new members: the former CEO of the Bill and Melinda Gates Foundation, Sue Desmond-Hellmann; the former executive vice president and general counsel at Sony Corporation, Nicole Seligman; and the 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 CEO.
In November 2023, Cointelegraph reported that the <a href="https://cointelegraph.com/news/openai-staff-board-resign-after-sam-altman-ousting-report">OpenAI board fired Altman</a> 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.&nbsp;
In a separate <a href="https://openai.com/blog/review-completed-altman-brockman-to-continue-to-lead-openai" target="_blank" rel="noopener nofollow">statement</a> on the same day, OpenAI announced that the law firm WilmerHale had interviewed several members of the board and scrutinized over 30,000 documents.&nbsp;
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 Altman and Greg Brockman are still the preferred choices to lead the company.
<blockquote data-ct-non-breakable="true">
 “We have unanimously concluded that Sam and Greg are the right leaders for OpenAI.”
</blockquote>
Meanwhile, on March 6, OpenAI released a series of emails between its board members and Elon Musk regarding Musk’s&nbsp;<a href="https://cointelegraph.com/news/open-ai-releases-musk-emails-for-profit-stance">desire to transform the company</a>&nbsp;into a “for-profit” entity. 
Related: <a href="https://cointelegraph.com/news/experts-artificial-intelligence-open-ai-in-precarious-position-might-become-next-we-work">Experts say OpenAI in ‘precarious position,’ ‘might become next WeWork’</a>
This follows a <a href="https://cointelegraph.com/news/elon-musk-sues-sam-altman-openai-agreement-breach">lawsuit against OpenAI filed by Musk</a> 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 technology.
Magazine: <a href="https://cointelegraph.com/magazine/truth-behind-ai-reply-guys-copilot-picture-panic-trump-deepfakes-ai-eye/">Truth behind AI reply guys, Copilot picture panic, Trump deepfakes: AI Eye</a>

Sam Altman rejoins OpenAI board following investigation

Cointelegraph

Other articles published on Mar 10, 2024

Bitcoin Exceeds All-Time High, BONK Soars by 200% Weekly, and Investors FOMO Rebel Satoshi ($RBLZ...

Shiba Inu surges by over 62% as burn rate increased by over 22,000% in just 24 hours

Worldcoin Price Prediction: WLD Pumps 52% As This Red Hot AI Meme Coin Raises $4 Million In A Wee...

On a quest for democracy and privacy: Unveiling Rarimo’s Freedom Tool with Lasha Antadze

Portugal elections: Is the country’s crypto-friendly status at stake?

Here’s what’s going on with Bitcoin, Ethereum, and the S&P 500

Join our free newsletter for daily crypto updates!