Highlights

  • OpenAI board hires Emmett Shear as CEO
  • Negotiation over disagreements about the board’s composition and role hit a roadblock
  • Ousted CEO Sam Altman mulls launching a new AI venture

Latest news

Man seeks therapy after swiping 500 profiles a day on Tinder

Man seeks therapy after swiping 500 profiles a day on Tinder

No 'Mann Ki Baat' for next 3 months: PM Modi

No 'Mann Ki Baat' for next 3 months: PM Modi

New Zealand to send security delegation to Pakistan ahead of T20I series

New Zealand to send security delegation to Pakistan ahead of T20I series

Rakul Preet Singh was a vision in golden as she picked a Falguni Shane Peacocok lehenga for sangeet night

Rakul Preet Singh was a vision in golden as she picked a Falguni Shane Peacocok lehenga for sangeet night

Farmers' protest: mobile internet restored in 7 Haryana districts

Farmers' protest: mobile internet restored in 7 Haryana districts

SAG Awards 2024: Margot Robbie reprises her 'Barbie' avatar, Selena Gomez shines in Versace bridal gown

SAG Awards 2024: Margot Robbie reprises her 'Barbie' avatar, Selena Gomez shines in Versace bridal gown

Woman accidentally bakes her iPad in oven, netizens react

Woman accidentally bakes her iPad in oven, netizens react

ICC suspends Hasaranga for two matches, Gurbaz fined 15 per cent of match fees

ICC suspends Hasaranga for two matches, Gurbaz fined 15 per cent of match fees

OpenAI board hires Former Twitch CEO Shear to succeed Sam Altman: Report

Even as the ousted OpenAI CEO Sam Altman mulls opening a new AI venture, the company's board has hired former Twitch CEO Emmett Shear as the new Chief Executive Officer, defying all the calls from the investors to re-instate Sam Altman

OpenAI board hires Former Twitch CEO Shear to succeed Sam Altman: Report

Emmett Shear named new Interim CEO of OpenAI: Dramatic events unfolded after Sam Altman was ousted as the CEO of OpenAI on Friday. In the latest development, talks of Sam being brought back seem to have fallen through.

The Board of Directors has hired former Twitch CEO Emmett Shear as the Interim Chief Executive Officer to succeed Sam Altman. This, even as OpenAI's executives and investors including Microsoft have been working to bring Sam Altman back.

However, the board of directors has chosen a new path by appointing Emmett Shear. This marks the third change in CEO leadership within a span of three days. The Verge reported that the board members failed to meet today's 6:30AM IST deadline to resign and reinstate him. Altman had demanded the current members of the board to exit and bring some changes in governance. He also sought a statement absolving him of wrongdoing.

Meanwhile Reuters reported that Sam Altman is mulling to launch a new artificial intelligence (AI) venture even while he is discussing a possible return to OpenAI.

Board hires ex-Twitch CEO, Emmett Shear

According to The Information, Sam Altman along with former president Greg Brockman joined the executives at the company's San Francisco headquarters on Sunday.

Also Read: Sam Altman reacts to OpenAI ouster: Calls it a 'weird experience'

The Board's decision to hire Shear has defied all the calls from the investors to reinstate Altman as the CEO of OpenAI. As per Bloomberg, Shear had won over the directors as he recognised the existential threats AI posed. The Board was concerned that Sam Altman was moving too quickly, without sufficient concern to the safety implications of a technology that, left unchecked, could create content capable of harming the public.

Shear had stepped down ast the CEO of Amazon.com Inc's game streaming platform Twitch earlier this year.

Sam Altman's possible new venture

After the fiasco, the ChatGPT maker is also considering launching a new AI venture. Altman’s position is strengthened by the loyalty of several employees, including top research scientists who contribute significantly to OpenAI’s intellectual property and the development of its groundbreaking ChatGPT chatbot.

If Altman had returned to OpenAI, Microsoft was considering taking a role on the board, reported The Information. It further claimed that Microsoft could either take a seat on OpenAI's board of directors, or as a board observer without voting power.

The board members led by OpenAI chief scientist Ilya Sutskever on Friday dismissed Altman and stripped him of his director role, saying “he was not consistently candid in his communications with the board.”


Up Next

OpenAI board hires Former Twitch CEO Shear to succeed Sam Altman: Report

OpenAI board hires Former Twitch CEO Shear to succeed Sam Altman: Report

Government aims for record road construction in FY24

Government aims for record road construction in FY24

Investors oust Raveendran; Byju's calls decision invalid

Investors oust Raveendran; Byju's calls decision invalid

Paytm crisis: RBI announces roadmap to ensure smooth transition for users with @paytm handles

Paytm crisis: RBI announces roadmap to ensure smooth transition for users with @paytm handles

Indian semi-conductor stocks rally after Nvidia's record gain

Indian semi-conductor stocks rally after Nvidia's record gain

Kia announces voluntary recall of over 4,300 Seltos cars in India

Kia announces voluntary recall of over 4,300 Seltos cars in India

More videos

Maharashtra FDA cracks down on McDonald's for using cheese substitutes

Maharashtra FDA cracks down on McDonald's for using cheese substitutes

Byju's investors file oppression, mismanagement suit against co-founder Raveendran at NCLT

Byju's investors file oppression, mismanagement suit against co-founder Raveendran at NCLT

Yulu raises $19.25 million from Magna, Bajaj Auto to fuel expansion plans

Yulu raises $19.25 million from Magna, Bajaj Auto to fuel expansion plans

Paytm app downloads plummet after RBI restrictions; BHIM UPI sees 49% surge

Paytm app downloads plummet after RBI restrictions; BHIM UPI sees 49% surge

Invest Smart: Expert guide for first-time mutual fund investors

Invest Smart: Expert guide for first-time mutual fund investors

Goldman Sachs downgrades SBI, ICICI, Yes Bank, says headwinds intensifying for financial services

Goldman Sachs downgrades SBI, ICICI, Yes Bank, says headwinds intensifying for financial services

Nvidia's rise propels CEO Jensen Huang to become world's 24th richest; here's everything about him

Nvidia's rise propels CEO Jensen Huang to become world's 24th richest; here's everything about him

US based Vice Media to lay off several hundreds, to stop website publishing

US based Vice Media to lay off several hundreds, to stop website publishing

BYJU's founder and board declare EGM invalid, decide to skip the meet

BYJU's founder and board declare EGM invalid, decide to skip the meet

Gold, Silver Price Today February 23, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Gold, Silver Price Today February 23, 2024: Check Latest Rates in Mumbai, Delhi, Chennai, Bengaluru

Editorji Technologies Pvt. Ltd. © 2022 All Rights Reserved.