Sam Altman returns to OpenAI in a bizarre reversal of fortunes

Sam Altman has agreed to return to lead OpenAI, the company said in a Wednesday post on X, just days after his surprise ouster as chief executive and an employee backlash that threatened to undermine what has been the leading company in the fledgling artificial intelligence industry.

âWe have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board,â the company said, adding that the board will be chaired by Bret Taylor, a former co-CEO of Salesforce. Other members include Quora CEO Adam DâAngelo and former Treasury Secretary Larry Summers.

In his own post on X, formerly Twitter, Altman wrote that he is âlooking forwardâ to returning to OpenAI and building on the firmâs âstrong partnershipâ with Microsoft, which is the ChatGPT makerâs biggest financial backer.

The announcement appears to bring to an end days of chaos for the AI industry that included negotiations over who should lead OpenAI and how the firm should be run, as well as broader discussions about just how fast the arms race to develop AI technology should be moving.

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