Key takeaways:
- Sam Altman was removed as CEO of OpenAI on Friday, but has now agreed to return with a new board.
- The new board will be chaired by Bret Taylor, with Larry Summers and Adam D’Angelo also on the board.
- OpenAI is confident that the new board will help it to continue to innovate and create new technologies.
OpenAI, the tech startup behind ChatGPT, announced Tuesday that Sam Altman would be returning to the company as CEO, just days after he was removed from the position.
The ordeal began on Friday when the board of the nonprofit group that oversees OpenAI said it had removed Altman as CEO, citing his lack of candor in communications with the board.
On Sunday, Altman announced he was joining Microsoft, but OpenAI has now reached an agreement in principle for Altman to return as CEO with a new board. The new board will be chaired by Bret Taylor, with Larry Summers and Adam D’Angelo also on the board.
In a statement, Altman said that when he decided to join Microsoft, “it was clear that was the best path for me and the team,” but he said the new board announced by OpenAI and the support of the company’s founders had made him reconsider.
OpenAI said it was looking forward to having Altman back at the helm and that it was excited to have the new board in place. The company said it was confident that the new board would help it to continue to innovate and create new technologies.
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