OpenAI announced that it has reached an agreement in principle and that Altman’s return is complete. Microsoft announced that it will obtain a non-voting observer seat on the non-profit board of directors that controls OpenAI.
“I’ve never been more excited about the future,” Altman said in a memo to employees shared with The Verge. “I’m extremely grateful for everyone’s hard work during uncertain and unprecedented circumstances, and I believe Our resiliency and spirit set us apart in the industry. I feel very, very good about our odds of succeeding in our mission.”
Since three of the four board members who decided to abruptly fire Altman have now departed, OpenAI’s new board consists of Chairman Bret Taylor, Larry Summers, and Adam D’Angelo. Adam D’Angelo was the only person on the previous board of directors who insisted on not firing.
OpenAI also added Microsoft to its board of directors as a “non-voting observer.” Microsoft is a major investor in OpenAI, owning 49% of the for-profit entity.
Altman said in a memo to employees that he has “zero ill will” toward OpenAI co-founder and chief scientist Ilya Sutskever. Ilya Sutskever was initially involved in the board dismissal, but later requested Altmann’s return. “While Ilya will no longer serve on the board, we hope to continue our working relationship and are discussing how he can continue his work at OpenAI,” Altman said.
Gizchina News of the week
Sam Altman Returns to OpenAI as CEO, Microsoft Joins the Board
After a brief period of uncertainty, Sam Altman has officially returned to his role as the CEO of OpenAI. This comes after his abrupt and unexpected temporary departure, which caused a whirlwind of speculation and concern. Altman, one of the founders of OpenAI, addressed the company’s employees in a memo, expressing his gratitude for their hard work during the unclear and unprecedented situation. He also confirmed that interim CEO Mira Murati will step down from her position and return to her previous role as chief technology officer. Also, Altman announced the new initial board, which will be chaired by Salesforce CEO Bret Taylor.
The new initial board of OpenAI, chaired by Bret Taylor, consists of prominent figures with diverse backgrounds and expertise. Larry Summers, the former United States Secretary of the Treasury, and Adam D’Angelo, the CEO of Quora, bring valuable experience to the board. The addition of Microsoft as a non-voting observer further strengthens the board and reflects the company’s commitment to enhancing its governance structure. The board will be focused on building out a board of diverse perspectives. This is a crucial step in ensuring the stability of OpenAI and building a strong foundation for the future.
Conclusion
Sam Altman’s official return as the CEO of OpenAI is coming after the initial troubles that led to his ousting. The addition of Microsoft to the board as a non-voting observer marks a new chapter in the company’s history. OpenAI is poised to succeed under Altman’s leadership. It has a focus on advancing its research, improving its products, and better-serving customers. The new initial board, chaired by Bret Taylor and including prominent figures. This includes Larry Summers and Adam D’Angelo. It reflects the company’s commitment to strengthening its governance structure and building a diverse and experienced leadership team. The addition of Microsoft to the board further enhances the company’s strategic partnerships. It also paves the way for a bright future for OpenAI.
