Sam Altman, who is a US entrepreneur, investor, programmer, and founder and CEO of OpenAI, has returned as the CEO after several days of crisis and tumult. The previous leadership that ousted Altman has been replaced by three new board members, leaving the new board to be fully built. Negotiations are said to be underway to install representation from Microsoft or other major investors.
OpenAI’s new directors have extensive backgrounds in business and technology, including Bret Taylor, the co-CEO of Salesforce, Larry Summers, a former Treasury secretary, and Adam D’Angelo, the CEO of Quora. Three original board members, including Helen Toner and Tasha McCauley, are no longer on OpenAI’s board, and Ilya Sutskever, OpenAI’s co-founder and chief scientist, was removed from the board but still remains an executive of the company.
The new composition of the board, with experienced technology and business executives suggests that OpenAI may be transforming into a more conventional Silicon Valley startup. It is also noted that OpenAI remains a “capped-profit” entity owned by a nonprofit, with any excess profits continuing to flow up to that nonprofit.
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