Sam Altman, the latest Silicon Valley success story leader was sacked a couple days back. He was reportedly fired online on a 30 minute meet. His colleague and also the co-founder of the company, Greg Brockman voluntarily quit the company, adjacent to his companion’s exit.
Recently there have been many revelations about Sam Altman’s later plans. He was reportedly working on other projects before being sacked by his company. Mira Murati, the interim CEO of the company was allegedly looking to hire the sacked duo back into the company. The people close to her, revealed that she valued their contributions and couldn’t let the minds leave the company.
Out of all the elite brands sacking their founders only Steve Jobs was able to make a dominant comeback and change the geography of their companies. When Apple Inc. sacked Steve the shares dipped marginally and the products gradually took a hit. The innovation details during that period was zero-to-none and technically the company was surviving on recurring sales of old products especially Macintosh.
In this case, there is no sales of products as such. ChatGPT and OpenAI are practically a non-profit companies depending majorly on the usage of the website. The only way OpenAI can welcome Sam Altman back again is on the basis of poor leadership; similar to what happened with Steve Jobs.
Is Sam Altman keen on planning another AI company to take over the world?
Amid the unfolding of the recent turn of events and the shocking ouster of Sam Altman from OpenAI, reports emerged that the AI tycoon was working to raise billions of dollars for a new AI-focused chip venture for OpenAI and take on mighty giants like Nvidia.
Sam Altman had been in the Middle East, raising funds for a project codenamed Tigris, according to sources. The CEO of OpenAI aimed to establish an AI-centric chip company capable of manufacturing semiconductors to rival Nvidia Corp., the current market leader in artificial intelligence applications.
The venture into chip development is still in its nascent stage, and discussions with potential investors are preliminary, as disclosed by anonymous sources familiar with the private deliberations
Altman has been actively seeking funding for an AI-focused hardware project developed in collaboration with former Apple Inc. design chief Jony Ive. Discussions about these initiatives involved key players such as SoftBank Group Corp., Saudi Arabia’s Public Investment Fund, Mubadala Investment Company, and others, with Altman aiming for substantial investments in the tens of billions of dollars.
This offer, allowing employees to sell shares at an $86 billion valuation, attracted interest from SoftBank and other parties, although they were placed on a waitlist for a potential future deal. In the meantime, Altman encouraged investors to consider his new ventures.
Does the world see Sam Altman returning to his den?
Sam Altman will not return as the CEO of OpenAI and ex-Twitch boss Emmett Shear will become the new interim CEO, The Information reported on Sunday (paywall), citing board director Ilya Sutskever’s statement to the company’s staff.
Shear co-founded Twitch and had stepped down from the Amazon.com-owned live video-streaming platform earlier this year. OpenAI did not immediately respond to a request for comment.
If Altman returns to OpenAI, Microsoft, its biggest backer, is considering taking a role on the board, the Information reported on Sunday, citing two people familiar with the talks. Microsoft could either take a seat on OpenAI’s board of directors, or as a board observer without voting power, the report added.
Apart from anyone, Mira Murati was very keen on hiring both the duo but the process didn’t fall through. Sam Altman was on his toes to return to the company to improve the governance structure of the company, add another set of features according to Reuters.