Altman's homecoming or Nadella's victory? Read the full story of the five-day drama in Silicon Valley

After five days of high voltage drama in Silicon Valley, Sam Altman is back as CEO of OpenAI. Along with this, it was also decided to change the board of the company. The recent developments in the world of Artificial Intelligence are no less than a drama. Let us know which character played what role in this high voltage drama that lasted for five days?

Altman will return to OpenAI as Chief Executive Officer (CEO). On the other hand, Brett Taylor has been given command of the primary board of the company, Taylor has been the co-CEO of Salesforce. The company has announced on social media that one of its other directors will also be former US Finance Minister Larry Summers. Apart from this, current board member Adam D'Angelo will also remain in it. Adam is the co-founder and CEO of Quora.

Altman's return to OpenAI is a big win for Satya Nadella
Sam Altman's return to the world's most famous AI startup OpenAI is being considered a big win for the company's biggest investor Microsoft. Microsoft, along with other investors, played a key role in reversing the decision of Altman's departure from OpenAI. Microsoft CEO Satya Nadella publicly supported Altman amid the turmoil at the AI company. Even after Altman was removed from OpenAI, Nadella also announced the appointment of him as the head of a research group at Microsoft. Was.

The two new Open AI board members, Larry Summers and Brett Taylor, are well-known names on Wall Street and Silicon Valley. Larry Summers is a Harvard graduate and is associated with Bloomberg Television as a paid coordinator. He sits on the boards of several companies, including Jack Dorsey's Startup Block. Taylor, on the other hand, is a director at Shopify. He also joined the board of Twitter as a director during the acquisition of Twitter by Elon Musk.

There may be more changes in the board of AI company in future
A person with knowledge of the matter, on the condition of anonymity, has said that the latest change in the board of OpenAI is not the last. The company's priority is to select nine new directors. Let us tell you that after Altman's exit on Friday, the structure of the board had proved to be a major obstacle in the ongoing talks for his return.

According to the information, the giants are still trying to determine who other members will remain on the OpenAI board apart from D'Angelo. According to a source, Microsoft, whose AI strategy is based on the startup's technology, may also have representation in the new board. Certainly his role will be that of an observer on the board and may get one or more seats.

The reasons for the dismissal decision will also be investigated
The source said Altman had agreed not to take a board seat during initial discussions about returning to the startup. However, it is expected that he will eventually join the board. According to another expert, he has also agreed to an internal investigation into the reasons due to which the decision to dismiss him was taken.

The first OpenAI board members included D'Angelo, OpenAI co-founder and chief scientist Ilya Sutskever, Tasha McCauley of GeoSim Systems, and Helen Toner, director of Georgetown's Center for Security and Emerging Technology.

Major characters of Altman's comeback episode dominated social media
The agreement for Altman's return came after several rounds of negotiations at OpenAI over five days. During this time, almost all the employees of the company had threatened to leave the company if Altman was not reinstated. The company's financiers, Silicon Valley stalwarts and all the major stalwarts from Nadella to Altman made several posts on social media during this entire episode, with the effect that this entire episode turned into a high voltage drama. Many people came out openly in support of Altman on social media. Following the news of Altman's return to OpenAI, key characters in the story congratulated him on social media. Former company president Greg Brockman was also among those congratulated. He also announced that he too was returning to the company. Apart from this, Chief Technology Officer Meera Murati will also remain.

Altman was ousted alleging lack of communication with the board.
OpenAI said in a statement on Friday that the board's internal review found that Altman was not consistently forthright in his communications with the board, which raises questions about his ability to discharge his responsibilities. On this basis, the decision was taken to oust Altman from the company.

An agreement for his return could not be reached on Sunday due to pressure from Altman and others for current board members to resign, according to people with knowledge of the matter. On the other hand, the company's outgoing board appointed former Twitch CEO Emmett Shear as interim CEO.

Within hours of this decision, a letter signed by the majority of OpenAI's 770 employees was sent to the board stating that if Altman was not reinstated and all directors did not resign, they would all step down. Can join Microsoft. Murati, who was named interim CEO on Friday after Altman was replaced, was among several signatories of the letter.

Company relieved by Altman's return to OpenAI, questions on future of AI
Altman's return to the company may please investors and come as a relief to employees who had planned to leave the company, but this latest development raises questions about the future of the ChatGPT maker and other AI startups. These companies have built expensive computing infrastructure to develop AI and have raised large amounts of capital from investors. In such a situation, the turmoil in these companies also affects the investments made in them.

Investors were kept in the dark regarding Altman's removal. Microsoft, which has invested in OpenAI with a stake of more than $10 billion, was informed of Altman's dismissal only minutes earlier. Microsoft has about 49% stake in Open AI. The software giant then began working with other investors in the company, such as Thrive Capital and Tiger Global Management, to secure Altman's return, according to people with knowledge of the matter.

Sam Altman has emerged as the face of the Artificial Intelligence industry.
Over the past few years, Altman, 38, has emerged as the face of a new era of artificial intelligence technology. He is credited with the success of ChatGPT. In recent months, Altman has been at the center of the AI world's efforts to work with regulators. During this, he met senior leaders like US President Joe Biden, British Prime Minister Rishi Sunak and Indian Prime Minister Narendra Modi. Just last Thursday, he appeared on a panel at the Asia-Pacific Economic Cooperation Conference (APEC), in which the future of AI and its risks were discussed.

Altman had a dispute with the board on the question of developing generative AI.
However, behind the scenes, according to sources, Altman had disputes with his board members, particularly Sutskever. There was disagreement between the two regarding how much haste should be shown in developing Generative AI. How to commercialize products and take necessary steps to minimize their potential harm to the public. During this time, board members raised questions about Altman's entrepreneurial ambitions.

Altman is trying to raise billions of dollars from a Middle East sovereign wealth fund to build an AI chip startup to compete with AI accelerators made by Nvidia Corp, according to a person with knowledge of the investment proposal. Altman, along with SoftBank Group Corp. Chairman Masayoshi Son, were preparing a multibillion-dollar investment in a new business to create AI-oriented hardware in partnership with former Apple designer Jony Ive.

OpenAI's boardroom drama reminded people of past coups in Silicon Valley. Apple co-founder Steve Jobs was fired as CEO in 1985. Twitter co-founder Dorsey was ousted from the company in 2008 and returned as CEO seven years later.