Sam Altman will not return as CEO of OpenAI, after a furious weekend of negotiations.
Sam Altman will not return as CEO of OpenAI, despite efforts by company executives to bring him back, according to co-founder and board director Ilya Sutskever. After a weekend of negotiations with the board that fired him Friday, as well as his remaining executives and major investors, Altman will not return to the startup he co-founded in 2015, Sutskever said to the staff. Emmett Shear, co-founder of Amazon-owned video streaming site Twitch, will take over as interim CEO, Sutskever said.
The decision “which flies in the face of comments OpenAI executives shared with staff Saturday and early Sunday” could deepen a crisis precipitated by the board’s sudden ousting of Altman and removal of the chairman Greg Brockman of the board of directors on Friday. Brockman, one of the key engineers behind the company’s successes, resigned later in the day, followed by three senior researchers, threatening to trigger a broader wave of departures to OpenAI’s competitors, including Google, and to a new AI company that Altman planned along the way. of his dismissal.
Jason Calacanis, venture capitalist predicted on X:
OpenAI employees just lost billions of dollars in secondary stock sales that were about to happen at a $90 billion valuation – it’s over. Do.
I think OpenAI will lose half of its employees, 12 to 18 months ahead of schedule, and 90% of its valuation in 2024.
Just senseless value destruction
What is your prediction for the future of OpenAI?