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    Prosecutors demand six-year prison sentence for Simon Ekpa

    Prosecutors demand six-year prison sentence for Simon Ekpa

    SEC alerts Nigerians of illegal operator Silverkuun Investment Cooperative Society/Silverkuun Limited

    SEC alerts Nigerians of illegal operator Silverkuun Investment Cooperative Society/Silverkuun Limited

    Legal Expert says only Rivers State can collect VAT as at today following Appeal Court’s order to “maintain status quo”

    Wike describes Seyi Makinde as chief architect of PDP problems

    ELECTION: Cutix Plc reschedules Board Meeting

    Weekly Report: Nigerian Exchange sees mixed performance as Cutix Plc emerge top gainer

    Breaking: President Tinubu dissolves Boards of Parastatals, Agencies, Institutions

    President Bola Tinubu Approves New Heads of Federal Agencies & Commissions

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    UH Real Estate Investment Trust to distribute N5.05 per unit to unit holders

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    Breaking: President Joe Biden diagnosed with “aggressive” cancer

    Mexican Navy Ship crashes into New York Bridge

    Mexican Navy Ship crashes into New York Bridge

    Pope Leo XIV holds inaugural mass, sets tone for his papacy

    Pope Leo XIV holds inaugural mass, sets tone for his papacy

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    UK tightens visa rules for care workers, skilled workers and students

    UK tightens visa rules for care workers, skilled workers and students

    United States scraps visa dropbox service for Nigerian applicants

    President Donald Trump cancels protection for 500,000 Haitian migrants

    Spain golden visa scheme ends as Portugal and Greece demand increases

    Spain golden visa scheme ends as Portugal and Greece demand increases

    CBN fines nine banks 150 million Naira each for failing to dispense cash

    CBN ends free ATM withdrawals for other banks’customers

    FG increases private university application fee from N5m to N25m

    FG increases private university application fee from N5m to N25m

    United States scraps visa dropbox service for Nigerian applicants

    United States scraps visa dropbox service for Nigerian applicants

    Buhari says Nigeria security and economy improved during his tenure

    Buhari says Nigeria security and economy improved during his tenure

    Air Sierra Leone commences flight operations to Lagos

    Air Sierra Leone commences flight operations to Lagos

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

    Nigeria renews $2 billion currency swap deal with China to boost bilateral trade

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    Honeywell Flour Mills Plc reports N14.6 billion profit for FY ended March 2025

    Honeywell Flour Mills Plc reports N14.6 billion profit for FY ended March 2025

    List of Stockbrokers in Nigeria

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    NNPC Ltd Announces Maintenance Shutdown of Port Harcourt Refinery

    Security features of the new naira notes revealed by the CBN

    The Frontier Fund unit holders to get N17 per unit distribution

    Banks begin to charge taxes on bonds, T-bills as exemption expires

    Skyway Aviation Handling Company Plc announces N0.6 final dividend for 2024 FY

    Dangote Refinery reduces petrol price by N15 nationwide

    Dangote Refinery reduces petrol price by N15 nationwide

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    Beta Glass Plc announces N2.95 final dividend for 2024 FY

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    Again DMO offers N360 billion FGN bond for February

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    NGX Daily Equities Market Report: Market gains for third consecutive days

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    BITCOIN hits $103,000 for the first time

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    Alhaji Dahiru Mangal sold his 1.96bn Oando Shares for N11.81bn

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Sam Altman returns as OpenAI CEO days after being fired

Wednesday, 22 November 2023, 11:49 am
in Business, Companies
0
Microsoft hires ex-OpenAI leaders Altman and Brockman
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Sam Altman will return as chief executive of OpenAI after the ChatGPT developer said it had “reached an agreement in principle” for his reinstatement.

Recall that the board of OpenAI had on Friday fired Altman accusing him of not being “consistently candid in his communications with the board, hindering its ability to exercise its responsibilities” – but did not specify what he is alleged to have not been candid about.

Then on Monday, OpenAI biggest investor Microsoft, announced that it has hired Altman and OPenAI’s co-founder Greg Brockman to lead up a “new advanced AI research team.”

Greg Brockman who had quit OpenAI on Friday after his colleague’s sacking also announced his return to the company in an X post, writing “we are so back” in a selfie with colleagues.

we are so back pic.twitter.com/YcKwkqdNs5

— Greg Brockman (@gdb) November 22, 2023

“We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo. We are collaborating to figure out the details. Thank you so much for your patience through this,” OpenAI wrote on its official account on X, formerly known as Twitter.

Altman posted soon after: “I love OpenAI, and everything I’ve done over the past few days has been in service of keeping this team and its mission together.” He added: “I’m looking forward to returning to OpenAI.”

Also, Satya Nadella, CEO of Microsoft in a post on X Wednesday morning said, “We are encouraged by the changes to the OpenAI board. We believe this is a first essential step on a path to more stable, well-informed, and effective governance.

“Sam, Greg, and I have talked and agreed they have a key role to play along with the OAI leadership team in ensuring OAI continues to thrive and build on its mission. We look forward to building on our strong partnership and delivering the value of this next generation of AI to our customers and partners.”

We are encouraged by the changes to the OpenAI board. We believe this is a first essential step on a path to more stable, well-informed, and effective governance. Sam, Greg, and I have talked and agreed they have a key role to play along with the OAI leadership team in ensuring… https://t.co/djO6Fuz6t9

— Satya Nadella (@satyanadella) November 22, 2023

Nearly all of OpenAI’s 750-strong workforce had threatened to quit unless the board overseeing the business brought back Altman and then quit immediately afterwards.

The deal that brought the Altman back to OpenAI includes a new-look board led by Bret Taylor, the former co-CEO of software firm Salesforce. The board will include Larry Summers, the former US treasury secretary, and Adam D’Angelo, the tech entrepreneur and current board member who played a role in Altman’s firing.

Altman had been replaced with ex-Twitch CEO Emmett Shear, who called the job a “once-in-a-lifetime opportunity”.

Mr Altman, 38, helped launch the firm – best known for creating the popular ChatGPT bot which has been accused of political and religious bias.

Ifunanya Ikueze
Ifunanya Ikueze

Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.

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