#Altman #Decision #Looms #Sequoia #Tiger #Negotiate #Scenes
OpenAI co-founder Sam Altman could make a decision as soon as Saturday evening on whether to return to the startup he co-founded, after some major investors urged the board that fired him to reverse the decision, according to people familiar with the discussions. In order to return, the members of the board would have to be replaced. Alternatively, Altman would continue with plans to launch a new venture.
Tiger Global is part of an investor group that is pushing to get OpenAI’s board of directors to reinstate Altman, according to a person familiar with the matter. Separately, Sequoia Capital has been talking to Altman about next steps, including a potential return, said a second person. The firm has also been encouraging executives at Microsoft, OpenAI’s largest backers, to help engineer their return, according to the person.
