Sam Altman is back as CEO of OpenAI after inking a deal to return to the company following immense pressure from employees and investors on the board that ousted him less than a week 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!
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.
The only problem is that MS already owned 49% of openAi.
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.