Stocks

Microsoft executive Dee Templeton joins OpenAI board – Bloomberg News

1 Mins read

© Reuters. FILE PHOTO: OpenAI logo is seen in this illustration taken, February 3, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) – Microsoft (NASDAQ:) executive Dee Templeton has joined OpenAI’s board as a non-voting observer as part of a broader boardroom revamp, Bloomberg News reported on Friday, citing a person familiar with the matter.

The ChatGPT maker had made headlines in November, when CEO Sam Altman was briefly ousted by the OpenAI board and reinstated days later after more than 700 employees threatened to quit and join backer Microsoft in solidarity.

After returning to his position, Altman said Microsoft would take a non-voting, observer position on OpenAI’s board.

The observer position means Microsoft’s representative can attend OpenAI’s board meetings and access confidential information, but Microsoft does not have voting rights on matters including electing or choosing directors.

Templeton, a 25-year veteran at the tech giant, is currently vice president for technology and research partnerships and operations for the company, according to her LinkedIn profile.

The report added that she has already begun attending OpenAI board meetings.

OpenAI and Microsoft did not respond to Reuters requests for comment.

Agreeing to partly reconstitute the board of directors that had dismissed Altman, OpenAI said Bret Taylor, formerly co-CEO of Salesforce (NYSE:), and Larry Summers, former U.S. Treasury Secretary, along with Quora CEO and current director Adam D’Angelo, would be part of the board.

Read the full article here

Related posts
Stocks

NVIDIA launches 800Gb/s networking platforms for AI By Investing.com

2 Mins read
SAN JOSE, Calif. – NVIDIA (NASDAQ:) has unveiled its latest networking platforms, the Quantum-X800 InfiniBand and Spectrum-X800 Ethernet, which are the first…
Stocks

Upexi CEO buys $44.7k in company stock By Investing.com

2 Mins read
In a recent move, Allan Marshall, the Chief Executive Officer of UPEXI, Inc. (NASDAQ:UPXI), a company specializing in medicinal chemicals and botanical…
Stocks

Apple dominates buybacks as S&P 500 share repurchases jump by nearly fifth in Q4 By Investing.com

2 Mins read
Investing.com — Stock buybacks among companies climbed by nearly a fifth in the fourth quarter from the prior quarter, with Apple leading…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

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