OpenAI reverses course, brings back Altman as CEO

The artificial intelligence tech company has had a tumultuous few days after initially deciding to fire Altman.

Sam Altman is back at OpenAI just days after being fired. 

His return brings an end to a power struggle that sent waves through the tech industry this week. 


The big picture: OpenAI announced late Tuesday that it reached an agreement to have Altman return as CEO. 

  • Bret Taylor, Larry Summers and Adam D’Angelo will serve as the new initial board, the company announced. 

Driving the news: OpenAI’s previous board refused to give specific reasons for firing Altman, leading to internal conflict and outside pressure from investors.

  • Altman’s return was supported by Microsoft, which has invested billions of dollars in OpenAI and has rights to its existing technology.
  • Altman’s dismissal and subsequent hiring by Microsoft emboldened OpenAI employees to call for the board’s resignation and Altman’s return.
  • OpenAI has experienced executive turmoil in the past, including a falling out between Altman and Elon Musk in 2018.
  • It is unclear if the board’s structure will change with the new members.
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