Sam Altman returns as OpenAI CEO with new board
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 22 November 2023
⏱️ 8 minutes
🧾️ Download transcript
Summary
Episode transcripts seekingalpha.com/wsb.
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Transcript
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| 0:00.0 | Welcome to See King Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:08.0 | Good morning. Today is Wednesday, November 22nd. I'm Julie Morgan. |
| 0:12.8 | Sam Altman is back at Open AI as CEO. |
| 0:16.3 | Invidia slips, even though the company posted in earnings |
| 0:19.7 | and revenue beat, and a judge rules that a trial involving Tesla's autopilot system can proceed. |
| 0:27.0 | And just like that, he's back. Sam Altman is returning to Open AI as CEO. |
| 0:33.4 | When we left this story on Monday, it seemed like it wasn't really complete. |
| 0:37.7 | There had to be an alternate ending or those coveted scenes |
| 0:40.9 | after the credits for a movie. And if you since the same thing, you were right. |
| 0:45.2 | Overnight we got word on X, the social media network formerly known as Twitter, |
| 0:50.4 | from Open AI, Sam Altman, and Greg Brockman that the team was together again, but changes had been made to the board. |
| 0:58.2 | According to the statement, the new initial board of Open AI will feature former Sales Force Co CEO Brett Taylor as |
| 1:05.3 | Chairman former Treasury Secretary Larry Summers and Quara co-founder and CEO |
| 1:11.1 | Adam De Angelo. De Angelo was a member of the board that voted to get rid of Altman less than a week ago. |
| 1:17.0 | So yes, this means that Altman and Brockman will not be leading the Open AI team at Microsoft, but even after Microsoft CEO |
| 1:25.7 | Satya Nadella tweeted that update on Monday, there were still reports swirling that even that |
| 1:31.4 | move was up in the air. |
| 1:33.2 | The mood at open AI had clearly shifted |
| 1:36.0 | with reports that nearly all of open AI's |
| 1:38.9 | more than 700 employees had signed a letter threatening to quit if things did not return to normal. |
| 1:45.8 | In this latest move Open AI wrote on X, we are collaborating to figure out the details. |
| 1:51.5 | Thank you so much for your patience through this. |
... |
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