Altman Returns as OpenAI CEO in Chaotic Win for Microsoft

Reinstatement follows intense pressure from OpenAI’s investors
Altman agreed to internal investigation around his dismissal

WATCH: OpenAI is bringing back Sam Altman as CEO and overhauling its board. Bloomberg Intelligence’s Matt Bloxham has the details.Source: Bloomberg

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By Rachel Metz, Emily Chang, and Vlad Savov

November 22, 2023 at 6:12 AM UTC

Updated on

November 22, 2023 at 3:03 PM UTC

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Sam Altman will return to lead OpenAI less than five days after he was pushed out of one of the world’s most valuable startups, setting off a shock back-and-forth drama that transfixed Silicon Valley and the global AI industry.

Altman is returning as chief executive officer and the initial board will be led by Bret Taylor, a former co-CEO of Salesforce Inc. The other directors are Larry Summers, the former US Treasury Secretary, and existing member Adam D’Angelo, the co-founder and CEO of Quora Inc. OpenAI is now working “to figure out the details,” the company said in a post on X, formerly Twitter.