22nd July 2024

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OpenAI says Sam Altman to return as chief executive under new board

Standard Lesotho Bank launches groundbreaking M11 million cashback rewards for loyal customers footer
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Sam Altman
Ousted OpenAI chief Sam Altman will return to run the company he co-founded, following days of speculation and turmoil at the leading generative artificial intelligence start-up.

In a dramatic reversal, Altman, who was fired by OpenAI’s board of directors last week, will be reinstated under the supervision of a new board, the company said late on Tuesday in California.

Greg Brockman, the co-founder and president who quit the company on Friday after Altman was fired, will return alongside him. It was not announced what role he would take up on his return.

Read more on the subject:

The selfie that says ‘we are so back’: Jubilant staff celebrate the return of OpenAI whiz kid Sam Altman after five tumultuous days and claim rife days that stunned the tech world from his bombshell firing, Microsoft hiring and triumphant reinstatement

Microsoft has hired Sam Altman and Greg Brockman to head up a team conducting artificial intelligence research after the pair were pushed out of OpenAI

Under an “agreement in principle”, Altman will serve under the supervision of a new board of directors, consisting initially of former Salesforce chief executive Bret Taylor as chair; former US Treasury secretary Larry Summers; and Adam D’Angelo, an existing OpenAI board member and chief executive of question-and-answer platform Quora. Altman’s reinstatement provides a resolution to a crisis that pitted almost all of the company’s employees and investors against the four-person board.

“I love OpenAI, and everything I’ve done over the past few days has been in service of keeping this team and its mission together,” Altman wrote on the social media site X in response to the announcement of his return.

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