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Sam Altman to Reassume CEO Role At OpenAI In a Board Restructure

Sam Altman will be making a comeback to lead the company, now under the oversight of a freshly assembled board.

Edited By : Malika Sahni | Updated: Nov 22, 2023 13:01 IST
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OpenAI, a leading player in the realm of artificial intelligence, made waves on Wednesday with a significant announcement: Sam Altman is set to return as CEO following an agreement that also marks the formation of a freshly appointed board. The inaugural board includes Bret Taylor, Larry Summers, and Adam D’Angelo, a move poised to recalibrate the company’s leadership structure.

The announcement was delivered via a statement on X (formerly Twitter), highlighting the key shifts within the company. Altman, expressing his anticipation about his return, conveyed his enthusiasm and commitment to the organization. “I am looking forward to returning to OpenAI,” his statement read, emphasizing his dedication to the team and its overarching mission. Altman’s recent brief transition to a role at Microsoft, another of OpenAI’s supporters, preceded his reinstatement.

The reshuffle at OpenAI was initiated earlier in the week when the company appointed Emmett Shear, the former head of Twitch, as the interim CEO, replacing Altman following his move to Microsoft. However, the swift changes in leadership showcased a dynamic evolution in the company’s structure, ultimately leading to Altman’s reinstallation at the helm.

Sam Altman’s return was met with positive affirmation from Satya Nadella, CEO of Microsoft. Nadella expressed optimism about the newly appointed board, emphasizing its crucial role in stabilizing and enhancing governance within OpenAI. Nadella’s statement echoed a strong commitment to the partnership between Microsoft and OpenAI, aiming to leverage the potential of AI for their customers and partners.

This significant leadership transformation arrives in the wake of Altman’s prior removal from the CEO position, a decision primarily attributed to a ‘lack of consistent candor in his communications.’ OpenAI, in a statement released last Saturday, cited this as the principal cause for Altman’s departure. The board’s assessment led to the conclusion that Altman’s communication style impeded the board’s ability to fulfill its responsibilities effectively.

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First published on: Nov 22, 2023 12:24 PM IST

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