OpenAI's CEO Sam Altman, who was briefly ousted and then reinstated, announced that his co-founder Greg Brockman will return as president. Meanwhile, OpenAI’s chief scientist Ilya Sutskever will no longer be part of the board. The company is currently discussing how Sutskever could continue his work at OpenAI. Microsoft, which owns 49% of OpenAI and has committed to invest over $10bn in the company, did not immediately respond to requests for comment.
Key takeaways:
- Microsoft will take a non-voting, observer position on OpenAI’s board, allowing them to attend meetings and access confidential information, but not vote on matters such as electing directors.
- OpenAI's new initial board includes former Salesforce co-CEO Bret Taylor as chair and Larry Summers, former US treasury secretary. They are actively searching for new members with expertise in various fields.
- Microsoft has committed to invest over $10bn into OpenAI and owns 49% of the company. However, OpenAI investors are unlikely to get a seat on the non-profit board.
- Sam Altman, who was ousted from OpenAI on 17 November and reinstated four days later, has taken back the reins of the company. His co-founder Greg Brockman will return as president, while OpenAI’s chief scientist Ilya Sutskever will no longer be part of the board.