BREAKING: Sam Altman will not return as CEO of OpenAI. Emmett Shear new Interim CEO, per the Information

11/20/2023

In a recent development at OpenAI, Sam Altman, who co-founded the company in 2015, will not be resuming his role as CEO. This decision follows intense discussions with the board of directors, which terminated his position last Friday, and consultations with other key figures and investors in the company. Ilya Sutskever, a co-founder and board director, conveyed this news to the employees. Emmett Shear, known for co-founding Twitch, now an Amazon property, has been appointed as the interim CEO.

This outcome contradicts earlier statements made by OpenAI executives over the weekend and marks a significant turn in the company's current turmoil. This turmoil began with the abrupt dismissal of Altman and the removal of President Greg Brockman from the board. Brockman, instrumental in the company's achievements, resigned on the same day. This series of events led to the resignation of three senior researchers and poses a risk of further personnel losses to competitors like Google and a new venture that Altman is reportedly exploring since his departure from OpenAI.

Full story available at https://www.theinformation.com/articles/breaking-sam-altman-will-not-return-as-ceo-of-openai

Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.

Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.

The Blubber

Trump has told Walmart, $WMT, to 'eat the tariffs' instead of raising prices

Moody’s downgrades US credit rating to Aa1 from Aaa

YouTube, GOOGL, viewers will start seeing ads after ‘peak’ moments in videos

CEOs say that just a fraction of AI initiatives are actually delivering the return on investment they expected

Stay Updated