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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

Technology

Technology

Microsoft to take non-voting, observer position on OpenAI’s board

ChatGPT logo is seen in this illustration taken
ChatGPT logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/F... ChatGPT logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
ChatGPT logo is seen in this illustration taken
ChatGPT logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/F... ChatGPT logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

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In his first formal letter since regaining control of the firm on Wednesday, Microsoft CEO Sam Altman said that the corporation will continue to serve on OpenAI’s board of directors as an observer without the ability to vote.

Microsoft’s representative can attend OpenAI’s board meetings and have access to material since it has the observer position. However, the representative does not have voting powers on subjects such as electing or appointing directors.

Satya Nadella, the CEO of Microsoft, has previously stated that there is a need for governance restructuring at the ChatGPT manufacturer. Nadella hired Altman to work for Microsoft after he was fired from OpenAI.

Last week, OpenAI revealed a brand-new inaugural board. Bret Taylor, a former co-CEO of Salesforce, will serve as chair of the board, and Larry Summers, a former Treasury Secretary of the United States, will also serve on the board. Altman and Quora CEO Adam D’Angelo, a board member who decided to remove Altman, remained on board for the new one.

Currently, the newly formed OpenAI board is actively looking for six additional members with experience in various sectors, including technology, safety, and policy. According to sources who spoke with Reuters, it is highly improbable that investors in OpenAI would be granted a seat on the board of directors of the non-profit organization.

Microsoft is committed to investing more than ten billion dollars in OpenAI, holding a 49 percent stake. Requests for comment were not immediately met with a response from the company.

Mira Murati, who had previously served as OpenAI’s chief technology officer and at one point was appointed temporary CEO following Altman’s dismissal, is now serving as the company’s chief technology officer once again.

Altman was fired from his position at OpenAI on November 17 without any explanation, which caused investors and staff to become concerned. Within four days, he was restored with the assurance that a new board would be appointed.

Because of Altman’s departure, there is a lot of uncertainty over the firm’s future, which is at the core of the rise in artificial intelligence. According to what Altman said on Wednesday, his co-founder Greg Brockman, who had followed Altman out of the business, would be returning to the position of president.

The management of this business is a joint venture between Greg and me. Even though we have never entirely worked out how to convey it on the organizational chart, Altman stated that we will.

According to Altman, Ilya Sutskever, the head scientist for OpenAI, will no longer be a board member.

However, Sutskever signed an employee letter seeking Altman’s reinstatement, expressing sorrow for his “participation in the board’s actions.” Sutskever had previously participated in the drive to terminate Altman by signing the letter.

I have a lot of love and respect for Ilya, and I believe that he is a shining example of what it means to be a treasure of a person. Altman says, “I have absolutely no ill will toward him.” He also mentioned that the business was considering Sutskever possibly continuing his work at OpenAI.

In addition to Altman, Brockman, Sutskever, and D’Angelo, the former board of directors for OpenAI II I included other individuals such as Tasha McCauley, an entrepreneur, and Helen Toner, who was the head of strategy at Georgetown’s Center for Security and Emerging Technology.


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