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OpenAI Board Pressed by Microsoft, Investors to Restore Altman

Nov 19, 2023 - news.bensbites.co
OpenAI's major investors, including Microsoft Corp., Thrive Capital, and Tiger Global Management, are urging the company to reinstate Sam Altman as CEO following his unexpected dismissal. Microsoft, the startup's largest supporter with a stake exceeding $10 billion, is leading the push to bring Altman back.

The decision to fire Altman came as a surprise and has been met with resistance from the company's investors. Altman has been considering a new venture but is open to returning to OpenAI. The board has contemplated resignation but has not made a final decision.

Key takeaways:

  • OpenAI’s biggest investors are urging the company to reinstate Sam Altman as CEO after he was fired on Friday.
  • Microsoft Corp., the startup’s biggest backer with a more than $10 billion stake, is working with investors including Thrive Capital and Tiger Global Management to bring back Altman.
  • The decision to fire Altman was made by the board, but they are now considering resigning.
  • Altman has been considering a new venture, but is open to returning to OpenAI.
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