A PYMNTS Company

Sam Altman Contemplates Return to OpenAI Amidst Talks of New AI Venture

 |  November 19, 2023

Sam Altman, the recently ousted CEO of OpenAI, is reportedly engaged in discussions about a potential return to the company that brought the ChatGPT bot to life. Simultaneously, Altman is contemplating the launch of a new artificial intelligence (AI) venture, according to a source with knowledge of the matter.

The unexpected decision to remove Altman from his position as CEO left the tech world in suspense, and now, just a day after his ousting, Altman is actively engaging with OpenAI executives to explore avenues for improving the company’s governance structure. At the same time, he is in talks with key OpenAI researchers and individuals loyal to him, exploring the possibility of establishing a new AI company, reported Reuters.

The fate of Altman, a prominent figure in the realm of generative AI, remains uncertain, with the source cautioning that discussions about a potential return or a fresh start are still in flux. The individual providing this information chose to remain anonymous, citing a lack of authorization to speak on behalf of the involved parties.

Read more: OpenAI’s Altman Calls For Global AI Coordination

Reuters reports investors in OpenAI, including major supporter Microsoft, are in discussions regarding damage control. Concerns about a potential mass exodus of talent without Altman at the helm have prompted discussions about pushing the board to reinstate him as CEO.

Notably, Khosla Ventures, an early supporter of OpenAI, is advocating for Altman’s return to the company. Vinod Khosla, the founder of Khosla Ventures, expressed support for Altman, stating that the fund would back him in his future endeavors.

The sudden management upheaval has triggered heightened emotions among current and former OpenAI employees. Many are expressing anger over Altman’s dismissal and voicing concerns about the potential impact on an upcoming $86 billion share sale. As the situation continues to unfold, the tech community eagerly awaits further developments in the saga surrounding Sam Altman and the future of OpenAI.

Source: Reuters