Microsoft boss Satya Nadella then said Altman and Brockman would lead a new in-house AI research group at the $2.8 trillion software company. Instead, OpenAI’s board named Twitch co-founder and former chief Emmett Shear its second interim CEO, after the first - Chief Technology Officer Mira Murati - advocated in favor of Altman and Brockman returning to the company.

OpenAI’s investors and top executives also pressed for Altman to be reinstated. Both men returned on Sunday to try and negotiate a return to OpenAI, conditional in part on replacing existing members of the board. On Friday, a somewhat vague statement from the OpenAI board said Altman was being terminated as CEO because “he was not consistently candid in his communications with the board.” Greg Brockman, a fellow co-founder, was demoted from the board and quit in protest. Microsoft shares gyrated in response to the twists and turns in OpenAI’s leadership upheaval. OpenAI’s close relationship with Microsoft Corp., which holds a roughly 49% stake of OpenAI and is its key provider of computational power, only adds to the startup’s stature in the industry. That share sale now hangs in the balance. OpenAI was valued at about $86 billion in a tender offer that was approaching completion in the days before Altman’s exit. OpenAI’s technology has also become the benchmark for a growing list of rival AI companies around the world. ChatGPT’s huge success triggered a tidal wave of investment in generative AI and thrust artificial intelligence into the mainstream consciousness. The San Francisco firm released ChatGPT a year ago and the AI chatbot now has 100 million weekly users. The news shocked investors, partners and employees and has left the world’s preeminent artificial intelligence startup in a precarious state. No portion of this site may be reproduced without the express written permission of the Las Vegas Raiders.(Bloomberg) - ChatGPT creator OpenAI sparked a storm of controversy and speculation Friday with the ouster of its co-founder and chief executive officer, Sam Altman.

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