If the reinstatement plan fails, Altman and OpenAI ex-president Greg Brockman are prepared to raise capital for a new startup. Microsoft, a key partner of OpenAI that has invested $10 billion in the company, would be a crucial player in any reinstatement attempt. The company's CEO, Satya Nadella, was reportedly surprised and "furious" about Altman's ouster.
Key takeaways:
- Investors in OpenAI are plotting to restore former CEO Sam Altman after his unexpected dismissal by the company's board of directors.
- Venture capital firms holding positions in OpenAI’s for-profit entity are considering working with Microsoft and senior employees at the company to bring back Altman.
- Sequoia, a venture capital firm, is independently in contact with Microsoft to encourage it to work to restore Altman and Brockman.
- Microsoft, OpenAI’s key partner that has invested $10 billion into the company, would prefer to see stability at a key partner and was reportedly left surprised and “furious” by Altman's ouster.