News Report Technology
November 29, 2023

OpenAI Welcomes Back Sam Altman as CEO, Microsoft Joins Board

OpenAI Welcomes Back Sam Altman as CEO, Microsoft Joins Board

In a significant turn of events, OpenAI has reinstated Sam Altman as CEO, just a week after his abrupt removal by the company’s board. The decision marks a new chapter for the AI research firm, which is also welcoming Microsoft in a non-voting capacity on its newly restructured board.

Altman’s return follows a period of controversy, where the OpenAI board cited a lack of candor in his communications as the reason for his initial dismissal.

The board’s lack of confidence in his leadership led to the appointment of CTO Mira Murati as interim CEO. Altman praised Murati’s exceptional leadership during this transitional phase, confirming her return to the CTO role.

OpenAI’s Restructuring and Microsoft’s Board Involvement

The newly formed OpenAI board will see Bret Taylor assuming the role of Chair, replacing Greg Brockman.

The board will also include economist Larry Summers, Quora co-founder and CEO Adam D’Angelo, and a non-voting observer from Microsoft, the company’s largest investor. Altman emphasized the board’s diversity and experience, reflecting the multifaceted mission of OpenAI.

Altman also addressed potential conflict of interest concerns regarding Adam D’Angelo’s dual role as a board member and CEO of Quora and Poe. He assured that D’Angelo had been transparent and responsible in managing these concerns.

The reappointment of Altman and Brockman as CEO and President respectively, only 72 hours after their departure, signifies a strong comeback. Altman expressed gratitude towards Microsoft’s leadership for their support during this tumultuous period and is optimistic about the future of their partnership.

As OpenAI continues its journey in building beneficial AGI, the return of its co-founder and the new board dynamics are set to influence the direction and governance of one of the leading entities in AI research.

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

More articles
Nik Asti
Nik Asti

Nik is an accomplished analyst and writer at Metaverse Post, specializing in delivering cutting-edge insights into the fast-paced world of technology, with a particular emphasis on AI/ML, XR, VR, on-chain analytics, and blockchain development. His articles engage and inform a diverse audience, helping them stay ahead of the technological curve. Possessing a Master's degree in Economics and Management, Nik has a solid grasp of the nuances of the business world and its intersection with emergent technologies.

Hot Stories

Top 10 Crypto Games to Invest in 2024

by Viktoriia Palchik
February 27, 2024
Join Our Newsletter.
Latest News

Top 10 Crypto Games to Invest in 2024

by Viktoriia Palchik
February 27, 2024

How to Automate Mining With AI?

by Viktoriia Palchik
February 27, 2024

NFTs & Mining: A Digital Synergy

The rise in usage of the non-fungible tokens has changed the way we see and engage with ...

Know More

AI in Crypto

Explore the ever-evolving realm of artificial intelligence within the cryptocurrency sphere. Discover the transformative impact of AI ...

Know More
Join Our Innovative Tech Community
Read More
Read more
ETH Holders Prefer Layer 2 Solutions Over Traditional Chains in 2024, claims Nansen
Opinion Markets
ETH Holders Prefer Layer 2 Solutions Over Traditional Chains in 2024, claims Nansen
February 27, 2024
Top 10 Crypto Games to Invest in 2024
Crypto Wiki Digest
Top 10 Crypto Games to Invest in 2024
February 27, 2024
Anonymous Dogwifhat (WIF) Trader Bags $1.4M Profit Investing $310 as the Memecoin Surges 50%
Markets News Report
Anonymous Dogwifhat (WIF) Trader Bags $1.4M Profit Investing $310 as the Memecoin Surges 50%
February 27, 2024
HTX Re-Applies for Hong Kong Virtual Asset Trading License Days After Withdrawal
Markets News Report
HTX Re-Applies for Hong Kong Virtual Asset Trading License Days After Withdrawal
February 27, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.