Saturday, May 10, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

Salesforce CEO Benioff Eyes OpenAI Talent Post-Altman Firing

Simon Osuji by Simon Osuji
November 21, 2023
in Creator Economy
0
Salesforce CEO Benioff Eyes OpenAI Talent Post-Altman Firing
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

The artificial intelligence industry was rocked last week when OpenAI, the company behind the highly successful ChatGPT, experienced a significant boardroom shakeup.

CEO Sam Altman was unexpectedly removed by OpenAI’s board of directors on November 17, and the decision has sparked a backlash among the company’s employees, with many threatening to resign — and Salesforce CEO Marc Benioff swooping in with a competitive offer that may be hard for some of them to refuse, per TheStreet.

Image Credit: Bloomberg | Getty Images. Salesforce CEO Marc Benioff.

Related: ‘The Board No Longer Has Confidence In His Ability’: ChatGPT Fires Controversial CEO Sam Altman

Greg Brockman, former Stripe Chief Technology Officer and co-founder of OpenAI wasted no time in expressing his solidarity with Altman. Brockman has already resigned from OpenAI, further intensifying the unrest within the company. Additionally, over 700 OpenAI employees have signed a letter demanding the resignation of the entire board, expressing their dissatisfaction with their current leadership.

Not willing to let this opportunity pass, competing technology giants have begun to make moves to attract disillusioned OpenAI workers. Microsoft, an investor in OpenAI and a user of ChatGPT in its Bing search engine, signed a contract with Altman to work on new AI projects. The company also managed to secure Brockman’s services over the weekend.

Salesforce’s CEO Marc Benioff has also entered the scene, making an enticing offer to disgruntled OpenAI employees. Benioff, known for his success in building Salesforce into a global business software powerhouse, promised to match the salary of any OpenAI researcher — who can receive a base salary of $300,000 — who decides to leave.

Related: Sam Altman Joins Microsoft After Sudden Firing From OpenAI

OpenAI sought a new valuation of up to $90 billion in the sale of existing shares in September, roughly tripling an earlier valuation this year, The Wall Street Journal reported. Although that sale is in danger of falling through amid the chaos, per The Information, OpenAI employees still hold significant equity options — potentially worth millions, for some — that might discourage them from jumping ship to work for a competitor.

But Benioff’s offer addresses that too: The CEO is willing to compensate researchers for any unvested OpenAI options they may give up by joining Salesforce.

Source link

Related posts

Many Small Business Owners Are Still ‘Optimistic’: Survey

Many Small Business Owners Are Still ‘Optimistic’: Survey

May 10, 2025
Startups Weekly: Different paths on the road to liquidity

Startups Weekly: Different paths on the road to liquidity

May 9, 2025
Previous Post

Singapore Acquires Four Offshore Patrol Vessels

Next Post

ANA Talks with Kokopelli Gallery Founder, Dare Herald

Next Post
ANA Talks with Kokopelli Gallery Founder, Dare Herald

ANA Talks with Kokopelli Gallery Founder, Dare Herald

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Wheat inches higher as US crop gets off to poor start

Wheat inches higher as US crop gets off to poor start

6 months ago
Dino Scholars: Children of the African Diaspora Inspiring a Literary Renaissance

Dino Scholars: Children of the African Diaspora Inspiring a Literary Renaissance

2 years ago
Mano River Union Delegation Studies Successful Border Post Model to Enhance Women’s Cross-Border Trade

Mano River Union Delegation Studies Successful Border Post Model to Enhance Women’s Cross-Border Trade

2 months ago
Nigerians will soon start paying less for electricity- FG

Nigerians will soon start paying less for electricity- FG

7 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Matthew Slater, son of Jackson State great, happy to see HBCUs back at the forefront

    0 shares
    Share 0 Tweet 0
  • Dolly Varden Focuses on Adding Ounces the Remainder of 2023

    0 shares
    Share 0 Tweet 0
  • US Dollar Might Fall To 96-97 Range in March 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.