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OpenAI Investors Plot Last-Minute Push With Microsoft To Reinstate Sam Altman As CEO

Nov 19, 2023 - news.bensbites.co
Investors in OpenAI are reportedly planning a counter-coup to reinstate former CEO Sam Altman, who was recently fired by the company's board of directors. Venture capital firms with stakes in OpenAI are considering collaborating with Microsoft and senior company employees to bring Altman back. The strategy would involve convincing the new management that their position is untenable through a combination of a mass revolt by senior researchers, withholding cloud computing credits from Microsoft, and a potential lawsuit from investors.

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.
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