OpenAI confirms Sam Altman's return as CEO 'in principle' after days of boardroom battles
File photo of Sam Altman
Following a recent boardroom upheaval that had OpenAI in chaos over the last few days, former CEO Sam Altman is set to return to his position in the company.
Speculation about his return to OpenAI was confirmed by the company after it released a post on X (formerly Twitter) on Wednesday, stating, “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. We are collaborating to figure out the details. Thank you so much for your patience through this.”
In response Altman wrote on X saying, “I love OpenAI, and everything I’ve done over the past few days has been in service of keeping this team and its mission together. When I decided to join Microsoft on Sunday evening, it was clear that was the best path for me and the team. 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.”
The OpenAI Saga
Previously, OpenAI announced the removal of CEO Sam Altman on November 17 after a board review revealed a lack of consistent communication.
Following this, Microsoft's Chief Satya Nadella confirmed continued collaboration with OpenAI, emphasising their commitment to AI benefits. Altman's departure prompted co-founder Greg Brockman to quit.
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Later reports suggested disagreements between Altman and the board, especially with co-founder Ilya Sutskever. Speculations arose around AI safety, technology development speed, and commercialisation differences.
On November 19, investors urged reconsideration of Altman's dismissal, fearing employee exits and declining investments. OpenAI's board missed a crucial deadline on November 19, raising concerns about potential mass resignations.
Altman declined OpenAI's return despite discussions on November 20. Microsoft announced Altman and Brockman's leadership in a new AI research team. Sutskever expressed regret for his role in the board's actions.
Around 505 employees threatened mass resignation on November 20 if the board didn't step down. The letter suggested a shift to Microsoft's new AI team.
Altman shared a message of unity and commitment on November 21, continuing with Microsoft's partnership. Reports indicated investors considering legal action against OpenAI due to concerns about employee departures and investment devaluation.
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