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.