this post was submitted on 22 Nov 2023
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OpenAI brings Sam Altman back as CEO less than a week after he was fired by board (ground.news)
submitted 1 year ago by jayandp@sh.itjust.works to c/technology@lemmy.world
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[โ€“] time_lord@lemmy.world 3 points 1 year ago (1 children)

The only problem is that MS already owned 49% of openAi.

[โ€“] toothbrush@lemmy.blahaj.zone 3 points 1 year ago

but thats exactly why they did it! They want to be majority shareholder to get the company under their control, and the board was likely against putting more shares on the market!

https://www.nytimes.com/2023/10/20/technology/openai-artifical-intelligence-value.html

Here it says that just a month ago, there were rumors that they would do it, but then it didnt happen, so I believe altman wanted to but the board did not.