OpenAI fires Sam Altman, Microsoft and other investors push for reinstatement
OpenAI’s largest investors, including Microsoft, which invested more than $10 billion in the company, are working with investors including Thrive Capital and Tiger Global Management to promote the reinstatement of Sam Altman, who was fired by the board of directors on Friday. .
In order to achieve the goal of returning to the CEO position, investors are also putting pressure on the replacement of current board members. Sources said board members have considered resigning but currently have reservations about the move. The situation is still undecided. If the board ultimately decides to resign, investors are looking at the list of possible new directors. One of the candidates is former Salesforce co-CEO Bret Taylor.
OpenAI’s board of directors has been heavily criticized for its decision to fire Altman. The decision surprised not only investors but Altman himself. Over the years, he has been instrumental in transforming the company from a non-profit to a commercially successful enterprise and has worked tirelessly to launch revolutionary tools that have revolutionized the way people do everything from homework to coding. His departure upset companies that support OpenAI.
Thrive, which was expected to lead the subscription offer for employee shares, has not yet remitted the funds and has indicated to OpenAI that Altman's departure will affect its actions. Thrive, the largest OpenAI investor other than Microsoft, is working to reinstate Altman and company president Greg Brockman, who resigned in protest on Friday.
Some people familiar with the matter said Altman is open to returning to the company. But they also say that if he returns, he will demand changes to how the company is governed.
Microsoft CEO Satya Nadella has been in contact with Altman and pledged to support him in whatever steps he takes next. Nadella was blindsided by the board's decision, according to people familiar with the situation.
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