BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)
Technology

OpenAI announces Sam Altman to return as CEO

Published Updated
By

SAN FRANCISCO: OpenAI announced on Tuesday its co-founder Sam Altman will return as CEO, days after he was fired by the board.

“We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” it said in a post on X, formerly Twitter.

OpenAI’s board sacked Altman last week, with Microsoft’s CEO Satya Nadella announcing soon after he was hiring Altman to run a new artificial intelligence research team.

But in the fast-moving sequence of events, Altman said Tuesday he had the support of Nadella for his return as OpenAI’s CEO.

“With the new board and w satya’s support, i’m looking forward to returning to openai, and building on our strong partnership with (Microsoft),” he wrote on X.

Sam Altman, ousted pioneer of OpenAI, is serial entrepreneur

Hundreds of staff at OpenAI threatened to quit following Altman’s dismissal.

In a letter released to media, the vast majority of the company’s 770-strong staff suggested they would follow Altman unless the board responsible for his departure resigned.

Among the signatories was co-founder Ilya Sutskever, OpenAI’s chief scientist and a member of the four-person board who pushed Altman out.

“I deeply regret my participation in the board’s actions,” Sutskever wrote on X on Monday. “I never intended to harm OpenAI.”

OpenAI had appointed Emmett Shear, a former chief executive of Amazon’s streaming platform Twitch, as its new CEO despite pressure from Microsoft and other major investors to reinstate Altman.

Comments

Comments are closed for this article.