/

Exclusive

Sam Altman Returns as CEO of OpenAI Amidst Boardroom Turmoil

by

Aam Altman is set to return as the CEO of OpenAI, following a week of boardroom chaos that initially led to his firing. The company released a statement announcing an “agreement in principle” for Altman’s return, accompanied by former president Greg Brockman, who resigned in protest when Altman was ousted.

The new board, comprised of Bret Taylor, Larry Summers, and Adam D’Angelo, is tasked with resetting OpenAI’s governance. D’Angelo is retained from the previous board, providing continuity during this transitional phase. Both Microsoft and Altman aim to secure representation on the expanded board, signaling a shift in governance and decision-making within the organization.

The reinstatement of Altman follows a series of rapid developments, including employee unrest and threats of defection to Microsoft if the board did not resign. The internal power struggle, marked by conflicting decisions and limited transparency, has prompted an agreement to conduct an investigation into the events leading to Altman’s removal.

Altman expressed his commitment to OpenAI’s mission, stating, “Everything I’ve done over the past few days has been in service of keeping this team and its mission together.” The unexpected nature of Altman’s return underscores the complexities and dynamics within OpenAI’s leadership structure.

Investors, including Thrive Capital, view Altman’s return as a positive outcome for the company’s future. Thrive partner Kelly Sims highlighted Altman and Brockman’s dedication to OpenAI’s integrity and their leadership capabilities. The tumultuous week concludes with an air of uncertainty as the organization navigates its path forward under Altman’s leadership once again.

Related Stories

Latest News Stories

Discover more from Silicon Valley Journals

Subscribe now to keep reading and get access to the full archive.

Continue reading