However, a subsequent boardroom coup saw Altman reinstated as CEO, with the directors who had fired him being dismissed. Altman's return has been accompanied by suggestions of fundamental governance changes to prevent such incidents in the future and to make OpenAI more robust and potentially more commercial.
Key takeaways:
- OpenAI was valued at $86 billion ten days ago, with investors preparing to buy employee shares at this valuation.
- Following a boardroom coup, OpenAI's founder and CEO, Sam Altman, was fired, causing the company's valuation to potentially drop to zero.
- Microsoft Corp. was considering acquiring most of OpenAI's staff without paying the company or its other investors.
- After another boardroom coup, Altman was reinstated as CEO and it's suggested that governance changes will be made to prevent similar situations in the future.