OpenAI reaches deal with Sam Altman to return as chief executive

OpenAI has reached a deal for ousted boss Sam Altman to return as its chief executive, the company said on Wednesday. The artificial intelligence company said it would reinstate a board consisting of Bret Taylor, Larry Summers, and Adam D’Angelo. “We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” the company posted on X. The AI company’s board abruptly fired Mr Altman on Friday saying it “no longer has confidence in his ability to continue leading OpenAI”. Within days, OpenAI brought in the former head of Twitch Emmett Shear as interim chief. But chaos soon erupted at the company with over 500 employees threatening to quit unless its board resigned and reinstated their dismissed boss. The announcement earlier on Wednesday confirms rumours that the OpenAI founder is returning to the helm of his company. “We are collaborating to figure out the details,” the company said. More follows Read More Microsoft stock just hit an all-time high amid OpenAI chaos Microsoft chief hints Sam Altman may return as OpenAI staff demand board resignation OpenAI staff ‘threaten to quit over ousting of Sam Altman’