Tech
The OpenAI Saga: A Timeline from CEO Sam Altman’s Firing to Elon Musk’s Lawsuit
In a series of recent events, OpenAI CEO Sam Altman is set to return to the company’s board, along with three new directors. The tumultuous journey began on November 17 when Altman was fired, and President Greg Brockman quit. Mira Murati stepped in as interim CEO the following day. The reasons for Altman’s firing were cited as a breakdown in communication with the board, rather than misconduct.
On November 20, Microsoft announced that they had hired Altman and Brockman to lead a new advanced AI research team. OpenAI then appointed Emmett Shear as interim CEO and pledged to investigate Altman’s departure. The majority of OpenAI staff threatened to quit and join Altman at Microsoft, demanding the board’s resignation and the reinstatement of Altman and Brockman.
After much back and forth, on November 21, it was confirmed that Altman would return as CEO with a new initial board, and Brockman would also come back. The situation escalated with legal recourse being explored against the board by some investors, and the UK’s anti-trust regulator looking into Microsoft’s partnership with OpenAI.
Further developments included a partnership between Axel Springer and OpenAI, a lawsuit by The New York Times against OpenAI and Microsoft, and scrutiny from EU antitrust regulators. OpenAI also completed a deal valuing the company at $80 billion or more, and faced a copyright lawsuit from The New York Times.
As the saga continued, Altman was reported to be under investigation by the SEC for potentially misleading investors, and Elon Musk filed a lawsuit against OpenAI and Altman. Eventually, Altman’s return to the OpenAI board was confirmed on March 8, along with the appointment of three new directors.
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