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Leadership Tumult

All articles tagged with #leadership tumult

technology2 years ago•3 min saved

"OpenAI Introduces GPT Store for Custom AI Tools and Chatbots"

OpenAI launches GPT Store, similar to the App Store, allowing users to list personalized chatbots, and introduces ChatGPT Team for businesses with fewer than 150 users. The company aims to stay ahead of rivals in the AI arms race, with plans to pay U.S. GPT builders based on user engagement. The leadership tumult, including CEO Sam Altman's temporary ouster, has been resolved, and the company's tender offer, led by Thrive Capital, remains on track, valuing OpenAI at about $86 billion.

via CNBC|

#artificial-intelligence #chatgpt-team #gpt-store

business2 years ago•2 min saved

OpenAI's Leadership Turmoil Threatens January Tender Offer

OpenAI's tender offer, led by Thrive Capital, is still on track and set to value the company at around $86 billion. The offer allows employees to sell their shares to outside investors, providing liquidity. The round had been extended to January 5, following a period of leadership turmoil and board reshuffling. Sam Altman's temporary ouster threatened the round, but his return cleared the way for it to proceed. Microsoft CEO Satya Nadella's announcement that Altman and OpenAI president Greg Brockman would lead a new AI lab under Microsoft caused uproar among investors and employees, leading to significant board turnover. Altman and Brockman have now officially returned to their previous roles, and a new board has been announced. Microsoft holds a 49% stake in OpenAI.

via CNBC|

#business #leadership-tumult #openai