Sam Altman is set to return as the CEO of OpenAI
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- Sam Altman is returning as the CEO of OpenAI.
- He was fired from the job on Friday, kicking off a weekend of chaos in Silicon Valley.
- OpenAI said they'd have a new initial board of Bret Taylor, Larry Summers, and Adam D'Angelo.
Sam Altman is set to return as OpenAI's CEO.
The ChatGPT maker announced Altman's return in a post on X, formerly known as Twitter, on Wednesday morning. OpenAI said they "reached an agreement in principle" for Altman's return.
The company also announced it will welcome "a new initial board" consisting of Bret Taylor, Larry Summers, and Adam D'Angelo. Taylor, a former Salesforce executive, will serve as board chair.
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.
— OpenAI (@OpenAI) November 22, 2023
We are collaborating to figure out the details. Thank you so much for your patience through this.
The news comes after a chaotic weekend in Silicon Valley.
Altman was fired as OpenAI's CEO on Friday. OpenAI's board said in a statement that Altman "was not consistently candid in his communications with the board" but did not give further details.
His return to the job comes just days after Microsoft CEO Satya Nadella said Altman will be leading Microsoft's new advanced AI research team.
Nadella told Bloomberg TV on Monday that it didn't matter if Altman was working at Microsoft or OpenAI because "irrespective of where Sam is, he's working with Microsoft."
Representatives for OpenAI did not immediately respond to a request for comment from Business Insider sent outside regular business hours.
This is a developing story.