OpenAI employees were in the middle of a tender offer that was set to end at the beginning of December, in which Thrive Capital and potential others had offered to purchase their shares at an $86 billion valuation.
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TechTranscript
00:00 The OpenAI saga is far from over and a lot of people will lose a lot of money if it stops
00:04 here.
00:05 Here's a recap.
00:06 Sam Altman was fired from being the CEO of OpenAI on Friday.
00:09 The company's board gave only vague reasons as to why they fired Altman, saying he was
00:13 not consistently candid in his communications with the board.
00:16 In protest to Altman's dismissal, OpenAI president Greg Brockman and several other
00:20 employees quit.
00:21 Microsoft, which has invested $13 billion in OpenAI and infused its technology throughout
00:26 its products, appeared caught off guard by the news and was reportedly working to reinstate
00:30 Altman and Brockman.
00:31 But on Sunday, it was confirmed that Altman would not return and that the co-founder of
00:35 Twitch, Emmet Shear, would be the new interim CEO.
00:38 That's when Nadella decided to swoop in and hire Altman and Brockman, announcing on Monday
00:42 that the two would run an AI research group at Microsoft.
00:45 Ilyas Iskever, the OpenAI co-founder who helped oust Altman, now says he deeply regrets his
00:50 role in the saga and is threatening to quit unless the board resigns.