Posts with «board & management changes» label

Sam Altman will not be returning to OpenAI

Talks over reinstating co-founder and former CEO Sam Altman at OpenAI have apparently broken down. According to The Information and Bloomberg, the board has now hired Altman's fellow Twitch co-founder Emmett Shear as OpenAI's new interim CEO. This appointment was apparently announced internally by co-founder and board director Ilya Sutskever.

Altman was originally fired from OpenAI over "a breakdown in communication between Sam and the board," according to an oddly blunt internal staff memo published by Axios earlier. The news was subsequently followed by resignations from several key members, including co-founder Greg Brockman (who was ousted as the chairman of the board), along with a few senior researchers.

Developing...

This article originally appeared on Engadget at https://www.engadget.com/sam-altman-will-not-be-returning-to-openai-062957892.html?src=rss

Sam Altman and Greg Brockman are meeting with OpenAI execs now at HQ in ongoing talks over reinstatement

Newly ousted OpenAI CEO Sam Altman and former president Greg Brockman are meeting with executives at the company’s San Francisco headquarters now as discussions about possibly reinstating their positions continue, The Information reports. Per The Information, interim CEO Mira Murati and others have been leading the push to get Altman reinstated as CEO, and invited the two to HQ on Sunday. Altman and Brockman showed up for talks this afternoon, sources told The Information.

Around the time of the report’s publication, Altman tweeted a photo of himself wearing a guest badge for entry into the building, writing, “first and last time i ever wear one of these (sic).”

first and last time i ever wear one of these pic.twitter.com/u3iKwyWj0a

— Sam Altman (@sama) November 19, 2023

After Altman was fired without warning on Friday, Brockman stepped down in solidarity, along with a slew of senior researchers. Other staff members have reportedly pledged to resign as well and follow the two to other projects, signaling their support on social media, according to The Verge. The state of Altman's position — and OpenAI’s future leadership — has remained up in the air this weekend as backlash against the board’s initial decision grows. 

On Saturday evening, The Verge broke news that the board was considering reinstating him as CEO, and had “agreed in principle” to resign if so. But, the board reportedly couldn’t make up its collective mind in time, and missed the deadline that had been set for the decision

According to Bloomberg, that’s at least in part because they’ve hit a brick wall in trying to agree on what the board will look and what its role will be if he’s reinstated. Altman reportedly wants the existing board gone if he’s to return, among other “governance changes” — including making former Salesforce CEO Bret Taylor a board member and possibly bringing on a Microsoft executive, Bloomberg reported, though the latter has not yet made a decision.

There has been much speculation over the reason behind Altman’s removal as CEO and from the OpenAI board of directors, which came as a surprise to Altman, staff, and investors. An internal memo sent that morning to staff and seen by Axios said that the decision to unseat Altman came as the result of “a breakdown in communication between Sam and the board.” It “was not made in response to malfeasance or anything related to our financial, business, safety, or security/privacy practices,” the memo from COO Brad Lightcap said.

Altman was reportedly fundraising for a custom AI chip project codenamed “Tigris” prior to his unexpected firing, Bloomberg reported. Per Bloomberg and The New York Times, which previously reported on his plans for other AI ventures, Altman has already pitched the idea of custom Tensor Processing Units (TPUs) that would rival NVIDIA’s to potential investors in the Middle East.

Altman was also reportedly looking for backers to fund his hardware collaboration with former Apple designer, Jony Ive, for which he approached SoftBank founder Masayoshi Son. Sources with knowledge of the discussions told Bloomberg that Altman is trying to raise “tens of billions of dollars” to get these projects off the ground.

This article originally appeared on Engadget at https://www.engadget.com/sam-altman-and-greg-brockman-are-meeting-with-openai-execs-now-in-ongoing-talks-over-reinstatement-212124319.html?src=rss

OpenAI potentially considering reinstating its freshly-ousted CEO Sam Altman

Following his surprise firing on Friday, currently-former OpenAI CEO Sam Altman might not be as out of a job as we initially thought he was, according to new word from The Verge on Saturday. Reportedly, sources close to Altman say that the board itself, in a stunning reversal, have "agreed in principal" to resign while reinstating him to his former position. However, the board has has since reportedly missed a 5pm PT deadline regarding the decision.

Shortly after Altman's firing on Friday afternoon, several senior staffers — including former Chairman and President Greg Brockman, Director of Research Jakub Pachocki, Head of Preparedness Aleksander Madry and Senior Researcher Szymon Sidor — tendered their resignations in protest. More departures are reportedly still incoming as of publication of this story. Numerous additional OpenAI staffers were set to quit in solidarity at that meeting. They're reportedly willing to follow Altman, a la Jerry Maguire, to a new AI startup venture should he decide to launch one. 

An internal memo circulated after Altman's dismissal argued that his termination was not related to "malfeasance or anything related to our financial, business, safety, or security/privacy practices,” per Axios' reporting.

Sam and I are shocked and saddened by what the board did today.

Let us first say thank you to all the incredible people who we have worked with at OpenAI, our customers, our investors, and all of those who have been reaching out.

We too are still trying to figure out exactly…

— Greg Brockman (@gdb) November 18, 2023

Microsoft is a major investor in the OpenAI venture — having injected some $13 billion into the project's coffers this past January as part of a long term partnership between the two. It maintains the "utmost confidence" in OpenAI interim-CEO Mira Murati, and "remains confident" in the partnership overall. 

Despite those assurances, rank-and-file employees were given little notice prior to the official announcement going out (Altman himself receiving even less) of the change in leadership. Altman had, in the days leading up to his termination, remained an active supporter and recruiter for the firm, appearing at the Asia-Pacific Economic Cooperation forum less than a day prior to his firing. 

According to the New York Times, neither Altman nor Brockman are guaranteed a return to power, largely on account of the company's non-profit origins, which preclude investors from directing company-wide decisions. They instead leave those choices to members of the board itself. Altman and Brockman were both members of the OpenAI board. However, with their departures, only lead researcher, Ilya Sutskever; Quora CEO Adam D’Angelo; director of strategy at Georgetown’s Center for Security and Emerging Technology Helen Toner; and computer scientist Tasha McCauley remain members — at least, through the weekend.

This article originally appeared on Engadget at https://www.engadget.com/openai-potentially-considering-reinstating-its-freshly-ousted-ceo-sam-altman-051223213.html?src=rss

Sam Altman was 'shocked and saddened' by OpenAI's decision to fire him

Sam Altman and Greg Brockman were "shocked and saddened by what the board did" and are still trying to figure out what exactly happened. The former CEO and the former President of OpenAI have published a post on X, sharing the details of what they do know and how they found out the former was being fired. Apparently, company co-founder Ilya Sutskever invited Altman for a meeting at noon on Friday, which was then attended by the whole board except for Brockman. It was at that meeting that Altman found out he was being fired and that OpenAI was going to announce it "very soon."

Shortly after that, Sutskever reportedly invited Brockman to a separate Google Meet conference, where he was told that Altman had gotten fired and that he was being removed from the board. However, the rest of the board members told him that he was "vital to the company and would retain his role." Brockman chose to quit on his own. The two former OpenAI executives also said that the rest of the company's management team, other than interim CEO Mira Murati, only found out about the board's decision after Altman was already removed from his post. "The outpouring of support has been really nice; thank you, but please don’t spend any time being concerned," their joint statement reads. "We will be fine. Greater things coming soon."

Sam and I are shocked and saddened by what the board did today.

Let us first say thank you to all the incredible people who we have worked with at OpenAI, our customers, our investors, and all of those who have been reaching out.

We too are still trying to figure out exactly…

— Greg Brockman (@gdb) November 18, 2023

i love you all.

today was a weird experience in many ways. but one unexpected one is that it has been sorta like reading your own eulogy while you’re still alive. the outpouring of love is awesome.

one takeaway: go tell your friends how great you think they are.

— Sam Altman (@sama) November 18, 2023

While OpenAI's c-suite shakeup might have come as a surprise for onlookers, employees were reportedly very much aware that turmoil was already brewing within the organization. According to The Information, Altman's ouster followed internal arguments on whether OpenAI was developing artificial intelligence technology in a safe manner. During the all-hands meeting after Altman's firing, employees asked Sutskever if the CEO's removal was a "coup" or a "hostile takeover." That seems to imply that some personnel were wondering whether the organization's leadership removed Altman because he was was commercializing OpenAI's technology too quickly at the expense of potential safety concerns. 

Bloomberg says Altman and Sutskever were the two people within the organization who butted heads the most when it came to the speed of development and the company's commercialization. Sutskever is one of the two employees leading a team within OpenAI that's dedicated to preventing its technologies from going rogue.

Renowned journalist and podcast host Kara Swisher posted similar information on X. She said employees felt that "the profit direction of the company under Altman and the speed of development" were at odds with the "nonprofit side dedicated to more safety and caution." Swisher also expects more major departures of "top folks" at OpenAI. 

Sources tell me that the profit direction of the company under Altman and the speed of development, which could be seen as too risky, and the nonprofit side dedicated to more safety and caution were at odds. One person on the Sam side called it a “coup,” while another said it was…

— Kara Swisher (@karaswisher) November 18, 2023

These concerns over the safety of AI development within the organization didn't pop up overnight, however. OpenAI has been grappling with the issue from the beginning, and it's the reason why a group of employees left in 2020 to form their own startup that became known as Anthropic. Still, investors were blindsided by Altman's firing, Forbes reports. Even Microsoft, which pledged to invest $10 billion into the organization over the next few years, reportedly learned about his removal a minute before the announcement went out. 

This article originally appeared on Engadget at https://www.engadget.com/sam-altman-was-shocked-and-saddened-by-openais-decision-to-fire-him-051538582.html?src=rss

OpenAI CEO Sam Altman ousted as 'board no longer has confidence' in his leadership

In a surprise shakeup of its c-suite Friday, OpenAI's board of directors announced that CEO Sam Altman is leaving both the company and the board, effective immediately. Chief Technology Officer Mira Murati has been named interim CEO.

Altman oustering reportedly follows an internal "deliberative review process" which found he had not been "consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," the company announced. As such, "the board no longer has confidence in his ability to continue leading OpenAI."

The board of directors thanked Altman' for his "many contributions to the founding and growth of OpenAI," but believes that "as the leader of the company’s research, product, and safety functions, Mira is exceptionally qualified to step into the role of interim CEO. We have the utmost confidence in her ability to lead OpenAI during this transition period.”

This is a developing story. Please check back for updates.

This article originally appeared on Engadget at https://www.engadget.com/openai-ceo-sam-altman-ousted-as-board-no-longer-has-confidence-in-his-leadership-204924006.html?src=rss

Unity CEO John Riccitiello stepping down, effective immediately

Unity game developer said that John Riccitiello will step down as president and CEO of the company after nine years in leadership, effective immediately. James Whitehurst, who previously served as senior advisor and president at IBM, will fill in as interim CEO. The leadership transition comes during a turbulent time for the company.

Just a month ago, Unity rolled out some significant concessions to its developer pricing model after widespread backlash over its plan to charge developers for game installations. The move will directly impact developers, publishers and distributors. The upheaval of Unity’s business model came at the same time as a series of massive layoffs. In 2023, the company reduced its headcount three times in an attempt to cut costs.

Despite the recent controversy, Unity said it expects third-quarter revenue to fall somewhere between $540 million to $550 million, which is up 67 to 70 percent from last year.

This article originally appeared on Engadget at https://www.engadget.com/unity-ceo-john-riccitiello-stepping-down-effective-immediately-231422660.html?src=rss

Ex-Microsoft exec Panos Panay is confirmed as the new head of Amazon's devices team

Former Microsoft executive Panos Panay will be taking over as the head of Amazon’s Devices and Services (D&S) division, the company confirmed. He'll start his new role at the end of October, CEO Andy Jassy said.

"As a strong product builder and inventor who has deep experience in both hardware and integrated services, Panos will be a great addition to our D&S organization moving forward," Jassy wrote in a memo. "I remain quite excited about the invention happening and businesses that we’re building in D&S, and look forward to working with Panos."

It emerged last week that Panay was leaving Microsoft after a 19-year run, most recently as the chief product officer, where he oversaw Surface devices and Windows 11 development. Rumors quickly suggested that Panay would move to Amazon to lead the Alexa and Echo teams.

Panay will be taking over from outgoing D&S head Dave Limp, and the pair will work together for a couple of months to make the transition a smooth one. Limp also has a new job. He is leaving Amazon to become the CEO of Jeff Bezos' space company Blue Origin. 

This article originally appeared on Engadget at https://www.engadget.com/ex-microsoft-exec-panos-panay-is-confirmed-as-the-new-head-of-amazons-devices-team-154233605.html?src=rss

Dave Limp will lead Jeff Bezos' Blue Origin after 'retiring' from Amazon

Reports of David Limp's retirement have been greatly exaggerated. The former SVP of Devices and Services announced last week at Amazon's 2023 Devices Event that he would be stepping down from the role he had held for more than a decade. By Monday, however, Limp had reportedly been tapped by Jeff Bezos to take over for current Blue Origin CEO, Bob Smith, who is retiring at the start of December.

MSNBC reports that Smith will stick around until January 2, 2024 to assist with the transition. Bezos sent the following announcement to the Blue Origin's workforce on Monday: 

I’m excited to share that Dave Limp will join Blue starting December 4th as CEO, replacing Bob, who has elected to step aside on January 2. The overlap is purposeful to ensure a smooth transition.

Before I provide some background on Dave, I’d like to take the time to recognize Bob and the significant growth and transformation we’ve experienced during his tenure. Under Bob’s leadership, Blue has grown to several billion dollars in sales orders, with a substantial backlog for our vehicles and engines. Our team has increased from 850 people when Bob joined to more than 10,000 today. We’ve expanded from one office in Kent to building a launch pad at LC-36 and five million square feet of facilities across seven states.

Our mission has grown too – we’ve flown 31 people above the Kármán Line, almost five percent of all the people who have been to space. Flight-qualified BE-4 engines are ready to boost Vulcan into orbit. New Glenn is nearing launch next year, and, with our recent NASA contract, we will land Americans back on the Moon, this time to stay. We have also engaged and inspired millions of children and educators through our Club for the Future efforts. We’ve made tremendous progress in building a road to space for the benefit of Earth, thanks to each of you and Bob’s leadership.

I’ve worked closely with Dave for many years. He is the right leader at the right time for Blue. Dave joins us after almost 14 years at Amazon, where he most recently served as senior vice president of Amazon Devices and Services, leading Kuiper, Kindle, Alexa, Zoox, and many other businesses. Before Amazon, Dave had roles at other high-tech companies, including Palm and Apple. Dave is a proven innovator with a customer-first mindset and extensive experience leading and scaling large, complex organizations. Dave has an outstanding sense of urgency, brings energy to everything, and helps teams move very fast.

Please join me in welcoming Dave and thanking Bob. Through this transition, I know we’ll remain focused on our customer commitments, production schedules, and executing with speed and operational excellence. I look forward to the many exciting and historic milestones ahead of us!

Jeff    

MSNBC obtained Limp's welcome as well:

Team Blue,

It’s been about six years since I joined Blue Origin. During that time, our team, facilities, and sales orders have grown dramatically, and we’ve made significant contributions to the history of spaceflight.

With pride and satisfaction in all that we’ve accomplished, I’m announcing that effective December 4, I will be stepping aside as Chief Executive Officer of Blue Origin. I will remain with Blue until January 2 to ensure a smooth transition with the new CEO.

It has been my privilege to be part of this great team, and I am confident that Blue Origin’s greatest achievements are still ahead of us. We’ve rapidly scaled this company from its prototyping and research roots to a large, prominent space business. We have the right strategy. a supremely talented team, a robust customer base, and some of the most technically ambitious and exciting projects in the entire industry. We also have a team that cares deeply about its mission, legacy, and how we contribute to the next generation and bring everyone into a brighter future.

Jeff and I have been discussing my plan for months, and Jeff will announce Blue’s new CEO in a separate note shortly. I’m very excited about the operational excellence and culture of innovation this new leader will bring to Blue. building on the foundation we’ve created over the past few years.

I’m committed to ensuring this transition is flawless, and everyone should know that Ill always be on Team Blue.

Gradatim Ferociter.

Bob Smith

Amazon has not officially named its successor for Limp, though Microsoft's product chief, Panos Panay — who also just so happened to leave the role he held for two decades last week — has been rumored as a leading choice for that position.

This article originally appeared on Engadget at https://www.engadget.com/dave-limp-will-lead-jeff-bezos-blue-origin-after-retiring-from-amazon-212411125.html?src=rss

PlatinumGames co-founder Hideki Kamiya is leaving the studio

Bayonetta director Hideki Kamiya is leaving PlatinumGames, after helping to found the company back in 2006 when it was called Seeds Inc. Kamiya was recently promoted to VP, so this move comes as a slight surprise. He recently said on social media that it was "by no means an easy decision to make."

Kamiya still has a couple of weeks on his post, as he officially exits the company on October 12. As for the why of it all, he wrote that the move “came after a lot of consideration based on my own beliefs," but didn't offer further explanation. He says he’s still going to make games in his “Hideki Kamiya way”, but hasn’t announced if he’s heading to another company, starting his own or even just planning to tinker away in a garage somewhere. He’s only 52, so a complete retirement is highly unlikely.

Kamiya’s mark on gaming is massive. Most recently, he was the supervising director of the critically-acclaimed Bayonetta 3. During his more than 15 years at PlatinumGames, Kamiya worked on classics like the original Bayonetta, the Wii U and Switch cult hit The Wonderful 101 and the action-heavy Astral Chain, among others. He was staffed at Capcom and its spin-off studio Clover before founding PlatinumGames, helming Resident Evil 2, Viewtiful Joe and Ōkami.

Kamiya has been hard at work these past few years on a superhero title internally referred to as Project GG. He was lead director on the “heroic” game and the company has marketed it as a conclusion to his superhero trilogy, joining Viewtiful Joe and the Wonderful 101. PlatinumGames hasn’t announced if the game’s still coming or if it will poof into vaporware with Kamiya’s departure.

This article originally appeared on Engadget at https://www.engadget.com/platinumgames-co-founder-hideki-kamiya-is-leaving-the-studio-154529517.html?src=rss

Microsoft’s Panos Panay leaves company after nearly 20 years

Panos Panay is leaving Microsoft after 19 years with the company, as confirmed via an official tweet. He’s been operating as the chief product officer with Microsoft, heading up Windows 11 development and the company’s Surface line. Rajesh Jha, Microsoft’s vice president of experience and devices, broke the news in an email to employees, as reported by The Verge.

Panay was hired on by Microsoft back in 2004 as a group program manager, overseeing a number of premium products. After heading the development of the initial Surface line of tablets and hybrid laptops, he was named the company’s chief product officer in 2018. His rise continued in 2021 when he was promoted to executive vice president after a successful Windows 11 launch, eventually becoming involved in a leadership team that directly advised CEO Satya Nadella.

There’s been no actual reason given by either party, but Panay says he has “decided to turn the page and write the next chapter.” The timing here is a bit suspicious, as Microsoft’s conducting a livestream event on Thursday that will almost certainly be dedicated to new Surface products. We reached out to the company for clarification as to why Panay left his position and what that means moving forward. We’ll update this post when we hear more.

As for what’s next, Microsoft has already said that Yusuf Mehdi, Microsoft’s current corporate vice president of modern life, search and devices, will take Panay’s place as the head of the Windows and Surface divisions. The company also still seems committed to two areas of the business that Panay consistently championed: integrating AI into Windows 11 and mixed-reality. Microsoft CEO Satya Nadella said in a statement released to TechCrunch that the company remains “steadfast and convicted in our strategy.” We’ll have to see how this unfolds Thursday during Microsoft’s Surface-centric event.

This article originally appeared on Engadget at https://www.engadget.com/microsofts-panos-panay-leaves-company-after-nearly-20-years-153513258.html?src=rss