Benzinga - by Michael Cohen, Benzinga Editor.
OpenAI announced a change in its leadership Friday. Sam Altman, the CEO of the artificial intelligence research lab, is stepping down from his role.
Mira Murati, who has been serving as the chief technology officer of the ChatGPT parent company, is set to take over the CEO position, CNBC reports. This transition marks a new chapter for the organization known for its groundbreaking work in AI.
The decision for this leadership change comes after the board's intensive review process. Concerns were raised regarding Altman's transparency in communications with the board, which ultimately led to a loss of confidence in his leadership, according to CNBC.
As a result, the board determined that a change at the top was necessary for the future of OpenAI.
Altman tweeted on Friday that he "loved" his time at the company, and "loved working with such talented people," adding that he would have additional comments in the future
Tech Analysts React: Wedbush analyst Dan Ives responded to the news, tweeting that Altman's departure is "a shocker but ultimately Microsoft will just have more control of the situation in our view given ownership stake."
The analyst added: "Altman a key to getting to where the platform is but we see little concern going forward with him gone. A year ago, different story."
Gene Munster, managing partner at Deepwater Asset Management, said in a tweet he's "shocked" by Friday's news.
"He just hosted a great DevDay, everybody loved it. More importantly, he has led the company to faster success than any other tech company. It doesn't feel that this decision is based on performance. There must be more to the story," Munster said.
OpenAI's Microsoft Partnership: Earlier this week, Financial Times reported that OpenAI is seeking additional funding from Microsoft Corp (NASDAQ: MSFT) to advance its quest for artificial general intelligence.
Altman praised the existing partnership with Microsoft CEO Satya Nadella, and said he anticipates significant future investments from Microsoft and others to support the development of advanced AI models.
Microsoft has substantially backed OpenAI, initially investing $1 billion in 2019 and following up with a $10-billion investment in January 2023 post the launch of GPT 3.5, cumulatively committing an estimated $13 billion to the AI firm.
Also Read: OpenAI's Game-Changing Move Into Education With ChatGPT Integration
Altman's AI Philosophy: Altman's tenure at OpenAI has been marked by his strong views on the potential of AI. At the Asia-Pacific Economic Cooperation summit on Wednesday in San Francisco, he expressed his belief that humanity is on a self-destructive path, but AI could be a key to a brighter future, according to Bloomberg.
"We need technology if we want to flourish for tens or hundreds of millions, or thousands of millions of years," he said.
Altman, known for advocating government oversight of AI, opined that while current AI technologies may not require heavy regulation, the need for more stringent oversight will increase as AI capabilities grow, Bloomberg reported.
He envisioned a future where AI could match the output of entire companies or countries, necessitating collective supervision to manage its impact.
MSFT Price Action: Microsoft stock dropped on the news of Altman's departure from OpenAI, and the tech giant closed Friday's session 1.68% lower at $369.84.
Now Read: OpenAI's ChatGPT, Plagued By Recent Outages, Has Now Briefly Paused New Sign-Ups Citing Surge In Demand
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Sam Altman photo by TechCrunch via Wikimedia.
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