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Globe/wire say Altman back at Microsoft-backed OpenAI

2023-11-23 08:12 ET - In the News

The Globe and Mail reports in its Thursday, Nov. 23, edition that Sam Altman is returning to OpenAI as chief executive officer and will oversee a revamped board that could bring sharper scrutiny to the AI developer. A Reuters dispatch to The Globe reports that strong support from investors including Microsoft may give Mr. Altman more leeway to commercialize OpenAI's technology. National University of Singapore Business School director of the centre for investor protection Mak Yuen says: "Sam's return may put an end to the turmoil on the surface, but there may continue to be deep governance issues. Altman seems awfully powerful and it is unclear that any board would be able to oversee him. The danger is the board becomes a rubber stamp." OpenAI's new board will boast more experience at the top level and strong ties to both the U.S. government and Wall Street. The board fired Mr. Altman last week with little explanation. Pressure from Microsoft -- and Mr. Altman's strong loyalty among the 700-plus OpenAI employees -- led to Mr. Altman's reinstatement as of Wednesday. Globaldata analyst Beatriz Valle says Mr. Altman has "too much power now." Gartner analyst Jason Wong says, "He can no longer do no wrong."

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