Microsoft Mulls OpenAI Board Seat Amid Discussions For Sam Altman’s Return As CEO

If Altman's return to OpenAI is not feasible, insiders suggest that Microsoft might consider investing in Altman's new venture.

In the ongoing saga surrounding OpenAIMicrosoft Corp. (NASDAQ:MSFT), a staunch backer of the organization, is reportedly contemplating a potential board role as talks about reinstating ousted CEO Sam Altman gain traction.

What Happened: As reported by The Information, Microsoft, according to two individuals familiar with the situation, could potentially secure a seat on OpenAI’s board of directors or assume a non-voting observer role. These discussions form part of the larger initiative by OpenAI’s senior leadership and key supporters to facilitate Altman’s return.

See Also: Altman’s OpenAI Exit: Could Musk’s Complaints Be The Reason?

Microsoft’s CEO, Satya Nadella, is said to be assisting OpenAI’s interim CEO, Mira Murati, in the ongoing negotiations about Altman’s potential return. If Altman’s return to OpenAI is not feasible, insiders suggest that Microsoft might consider investing in Altman’s new venture.

Why It Matters: The support for Altman from significant investors and employees has been steadfast ever since his exit from OpenAI. This backing has been putting pressure on the OpenAI board and has increased the likelihood of his return. Notably, Microsoft CEO Satya Nadella has reportedly been in touch with Altman, pledging support for his future endeavors. This move comes in light of the unexpected management change at OpenAI, about which Microsoft was reportedly kept in the dark.

Previously, in May, Satya Nadella disputed claims by Elon Musk that Microsoft controlled OpenAI, asserting that OpenAI operated independently. However, the current developments indicate a possible shift in dynamics, with Microsoft potentially exerting more control over OpenAI in the future.

Read Next: Mark Cuban: Billionaires Who Say They Start From Scratch Are ‘Lying…’

Satya Nadella Microsoft (Created with artificial intelligence on MidJourney and The Art of Pics on Shutterstock)


Engineered by
Benzinga Neuro, Edited by


Pooja Rajkumari


The GPT-4-based Benzinga Neuro content generation system exploits the
extensive Benzinga Ecosystem, including native data, APIs, and more to
create comprehensive and timely stories for you.
Learn more.


Total
0
Shares
Related Posts
Read More

What’s Going On With Lucid’s Stock?

According to a Bloomberg report, the Biden administration plans to raise tariffs on Chinese electric vehicle imports from 25% to 100%, Sources familiar with the situation said the administration is expected to announce the tariffs on EVs and other clean energy imports on Tuesday. Lucid shares are moving on heavy trading volume Monday with more than 39.5 million shares traded in the session.

LCID