In a surprising turn of events, OpenAI announces the reinstatement of Sam Altman as its Chief Executive Officer.
This decision follows an intense five-day period of discussions, debates, and protests within the company after Altman's sudden dismissal last week.
OpenAI, recognized as the most valuable U.S. startup, reveals an "agreement in principle" for Altman's return, accompanied by a significant restructuring of its board.
The new board will include notable figures like Bret Taylor, fomer Salesforce co-CEO, serving as the chair, alongside Larry Summers and Adam D’Angelo.
Microsoft, a major investor with over $11 billion in OpenAI and holding about 49% ownership, expressed surprise at OpenAI's earlier decision.
In response, Microsoft promptly hired Altman to lead a new AI group. The departure of Greg Brockman, former President of OpenAI, and other members in protest of the board's decision added to the turmoil.
Sam Altman, commenting on the development, expressed his love for OpenAI and the team's mission.
He stated, "With the new board and with Satya’s support, I’m looking forward to returning to OpenAI and building on our strong partnership with Microsoft."
Microsoft CEO Satya Nadella, previously disappointed by the OpenAI board's decision, welcomed the changes on Wednesday.
Nadella emphasized the importance of stable governance and expressed optimism about the collaboration between Altman, Brockman, and the OpenAI leadership team.
The announcement comes amidst widespread internal dissent, with more than 700 OpenAI employees signing a letter calling for the board's resignation and Altman's reinstatement.
The company's initial decision lacked a comprehensive explanation, leading to public scrutiny and potential legal actions by frustrated investors.
OpenAI's significance in the AI landscape and its role as a leader in the current AI race add weight to these developments.
Altman's return is seen as a pivotal moment, with the potential to shape the future trajectory of OpenAI and its contributions to the world of artificial intelligence.