Information reaching harblextips has it that Journalist confirms Satya Nadella acquired OpenAI for $0 as OpenAI did a black friday sale to Microsoft for 100% off.
Fred wrote: “OpenAI did a black friday sale to Microsoft for 100% off. OpenAI board destroying $100B in enterprise value in one weekend and allowing Satya Nadella to acquihire their entire team for $0 (zero) without any anti-trust scrutiny.”….
Hundreds of staff at OpenAI threatened to quit the leading artificial intelligence company on Monday and join Microsoft, deepening a crisis triggered by the shock sacking of CEO Sam Altman.
In a fast-moving sequence of events, Altman, who was ousted by the board on Friday, has now been hired by Microsoft where he will take the lead in developing a new advanced AI research team.
In a letter released to media, the vast majority of OpenAI’s 770-strong staff suggested they would follow Altman unless the board responsible for his departure resigned.
Its chief executive, who has the ear of world leaders, toppled as senior colleagues turn on him – only for the rest of the company to demand they themselves should be fired.
No, that’s not my pitch for a Netflix drama, that’s basically been the past few days at OpenAI.
Tech journalists, enthusiasts and investors have been binge-watching it all unfold – though opinions differ as to whether it was a high-stakes thriller or a farce.
The battle at the top of OpenAI, the creator of the AI chatbot ChatGPT, began very suddenly on Friday, when the board of directors announced that it was firing the co-founder and chief executive, Sam Altman.
In a blog post the board accused Mr Altman of not being “consistently candid in his communications”, and said as a result they had “lost confidence” in his leadership.
There are only six people on that board – and two of them were Sam Altman and his co-founder Greg Brockman who quit after Mr Altman was dismissed.
Microsoft CEO and Chairman Satya Nadella said on Monday that Altman, fellow OpenAI co-founder Greg Brockman and other former OpenAI employees will oversee a “new advanced AI research team” at the company.
“We look forward to moving quickly to provide them with the resources needed for their success,” Nadella said on X, formerly Twitter.
The announcement comes after tech news site The Information reported on Sunday that Altman would not return to OpenAI despite executives’ efforts to bring him back.
Ilya Sutskever, OpenAI co-founder and board director, told staff on Sunday night that Altman would not be coming back after a weekend of negotiations with the board of directors, company leaders and investors, The Information said.