👀 Latest Sam Altman Updates: Fired and Rehired?

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Happy Monday, everyone!

There’s been one story that’s been unfurling over the weekend; some could even describe it as a saga. Read on below to find out the latest updates about Sam Altman’s firing and potential rehiring….

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Read Time: 4 minutes

👀  Latest Sam Altman Updates: Fired and Rehired?

Our Report: On Friday, Sam Altman was removed as OpenAI’s CEO by the Board of Directors in a shocking move that almost no one expected (including Sam Altman himself).

🔑 Key Points:

• The company's board of directors cited issues with Altman's lack of transparency in communications as the reason for his removal, and abruptly informed Altman of his removal through a last-minute Google Meet link (the most ironic detail of an already bizarre story).

• Greg Brockman, co-founder of OpenAI, has also stepped down, and a number of other senior executives have left the company following Sam’s removal—most likely in an act of solidarity.

• The new interim CEO will be Mira Mutari (CTO), who replaces Sam whilst the board searches for a new permanent CEO. According to sources, Mira was informed the night before Sam’s departure…

• Late Sunday night, an even more bizarre thread started to unfurl over on X, where later developments suggested that Sam Altman may return as CEO—a charge led by Microsoft’s Satya Nadella that would result in the entirety of the Board of Directors resigning.

• As of 3 hours ago, Sam & Greg have officially been hired by the team at Microsoft whilst Emmet Shear, a former chief executive of Amazon’s Twitch streaming service, has been appointed as interim CEO of OpenAI.

🤨 Why you should care: In the end, it looks like Sam Altman is unlikely to return as CEO, and OpenAI will continue the course as before. It’s highly likely that OpenAI’s stock could suffer both acutely and in the long term from this as many remain fiercely loyal to Altman himself.

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Until next time, Martin & Arturo.