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Nov 21 2023
News
What revolt at OpenAI means for Microsoft
T continues,” tweeted Sam Altman, the co-founder of Open , the startup behind Chat , on November 19th. But precisely where it will continue remains unclear. Mr Altman’s tweet was part of announcement that he was joining Microsoft. Two days earlier, to the astonishment of Silicon Valley, he had been fired from Open for not being “consistently candid in his communications with the board”. Then
The Economist
Nov 21 2023
News
Avelo breaks annual flight record for Delaware
NEW CASTLE – With two months to go, Avelo Airlines has already broken the record for most commercial passengers out of Wilmington Airport (ILG), marking a significant victory for the startup airline’s run here. Since launching the service in February, Avelo has flown more than 200,000 customers to or from Wilmington, nearly doubling the prior record set in 2014. It also broke the previous mark
Delaware Business Times
Nov 20 2023
News
Catching up on OpenAI's wild weekend
Listen here or wherever you get your podcasts. Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week. This past weekend was all about the massive shakeup at OpenAI, and the high-impact machinations
TechCrunch
Nov 20 2023
News
OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t Quit
Hundreds of OpenAI employees have threatened to resign and follow ousted leader Sam Altman to Microsoft Corp. unless the current board resigns, following its poorly handled firing of the chief executive officer on Friday. A letter signed by about 500 of the artificial intelligence startup’s roughly 770 employees states that the signatories are “unable to work for or with people that lack
Bloomberg
Nov 20 2023
News
Tuesday Briefing: OpenAI’s Future in Doubt
The future of OpenAI is in jeopardy after more than 700 of its 770 employees signed a letter yesterday saying they may leave the company for Microsoft if the ousted chief executive, Sam Altman, is not reinstalled at the high-profile artificial intelligence start-up. OpenAI’s four-person board shocked the tech industry Friday afternoon when it removed Altman, saying it could no longer trust him
New York Times (News)
Nov 20 2023
News
OpenAI’s crisis is an era-defining moment
The “traitorous eight,” the PayPal Mafia and … the OpenAI expats? OpenAI’s meltdown is likely to become the latest installment in what’s becoming a Silicon Valley tradition: turmoil at a leading company spurring a round of employee departures that ends up seeding a fresh crop of startups. The drama-filled weekend that’s now spilling into this week saw the ouster of co-founder Sam Altman from
TechCrunch
Nov 20 2023
News
Explaining the Upheaval at OpenAI
Hello! We’re back with another bonus edition of On Tech: A.I., a pop-up newsletter that teaches you about artificial intelligence, how it works and how to use it. The artificial intelligence landscape will never be the same after the extraordinary upheaval at OpenAI, the start-up that set off a technology arms race by releasing ChatGPT nearly one year ago. The OpenAI board ousted Sam Altman as
New York Times (News)
Nov 19 2023
News
Race to reinstate Sam Altman as OpenAI CEO reaches impasse over new role and makeup of the board that ousted him
A group of OpenAI executives and investors racing to get Sam Altman reinstated to his role as chief executive officer have reached an impasse over the makeup and role of the board, according to people familiar with the negotiations. The decision to restore Altman’s role as CEO could come quickly, though talks are fluid and still ongoing. At midday Sunday, Altman and former President Greg
Fortune
Nov 19 2023
News
Sam Altman’s Attempt to Return as OpenAI CEO Fails as Board Turns to ex-Twitch CEO
Shear cofounded livestreaming platform Twitch, which sold to Amazon for nearly $1 billion in 2014. He stepped down as CEO in March, ending a 16 year run at Twitch, citing the birth of his first child. Shear moved in some of the same Silicon Valley circles as the CEO whose shoes he must now fill. In 2011, Shear and Altman both were named part-time partners at the same time for the startup
Wired
Nov 19 2023
News
OpenAI interim CEO to re-hire Sam Altman, Greg Brockman
After the OpenAI board’s shocking ouster of CEO Sam Altman, Altman’s replacement, interim CEO Mira Murati, is reportedly planning to rehire Altman and president Greg Brockman, per Bloomberg. Meanwhile, members of the OpenAI board are looking to hire their own CEO to succeed Altman, though the details have yet to be finalized, Bloomberg reported. Altman was fired from the $29 billion startup he
Fortune