Sam Altman is returning to OpenAI as CEO after his firing five days ago launched the company onto one of the wildest rollercoaster rides in tech history, the company announced in post on X. Former president Greg Brockman, who resigned on Friday in protest, will also return, The Verge‘s sources say. The original board has been disbanded and replaced by a new, temporary three-man board with Bret Taylor (chair), Larry Summers and original board member Adam D’Angelo.
Altman confirmed the news in a separate post. “With the new board and with Satya’s support, I’m looking forward to returning to OpenAI and building on our strong partnership with [Microsoft],” he said. That means Altman likely won’t be joining Microsoft after all, though he added that he felt his decision at the time “was the best path for me and the team.”
We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo.
We are collaborating to figure out the details. Thank you so much for your patience through this.
— OpenAI (@OpenAI) November 22, 2023
“We are encouraged by the changes to the OpenAI board,” Microsoft CEO Satya Nadella added in another post. “We believe this is a first essential step on a path to more stable, well-informed, and effective governance.”
The agreement has been struck “in principal,” and must still be approved by all parties. The only job of the initial board will be to vet and appoint a permanent board with up to 9 members that will resent OpenAI’s governance. One of those seats will likely to go Microsoft and Altman himself, The Verge reported.
Developing…
This article originally appeared on Engadget at https://www.engadget.com/sam-altman-is-reinstated-as-openai-ceo-five-days-after-being-fired-070037749.html?src=rss Sam Altman is returning to OpenAI as CEO after his firing five days ago launched the company onto one of the wildest rollercoaster rides in tech history, the company announced in post on X. Former president Greg Brockman, who resigned on Friday in protest, will also return, The Verge’s sources say. The original board has been disbanded and replaced by a new, temporary three-man board with Bret Taylor (chair), Larry Summers and original board member Adam D’Angelo.
Altman confirmed the news in a separate post. “With the new board and with Satya’s support, I’m looking forward to returning to OpenAI and building on our strong partnership with [Microsoft],” he said. That means Altman likely won’t be joining Microsoft after all, though he added that he felt his decision at the time “was the best path for me and the team.”
We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo.We are collaborating to figure out the details. Thank you so much for your patience through this.— OpenAI (@OpenAI) November 22, 2023
“We are encouraged by the changes to the OpenAI board,” Microsoft CEO Satya Nadella added in another post. “We believe this is a first essential step on a path to more stable, well-informed, and effective governance.”
The agreement has been struck “in principal,” and must still be approved by all parties. The only job of the initial board will be to vet and appoint a permanent board with up to 9 members that will resent OpenAI’s governance. One of those seats will likely to go Microsoft and Altman himself, The Verge reported.
Developing…This article originally appeared on Engadget at https://www.engadget.com/sam-altman-is-reinstated-as-openai-ceo-five-days-after-being-fired-070037749.html?src=rss Read More Board & Management Changes, Investment & Company Information, Finance, site|engadget, provider_name|Engadget, region|US, language|en-US, author_name|Steve Dent Engadget is a web magazine with obsessive daily coverage of everything new in gadgets and consumer electronics
