Sam Altman will be back as CEO of OpenAI, after navigating an attempted boardroom coup that struck panic into the company over the last few days. Former OpenAI President Greg Brockman, who quit after Altman’s firing, will return too.

The company said in a statement on Tuesday that it has an “agreement in principle” with Altman to return alongside a new board made up of Bret Taylor, Larry Summers, and Adam D’Angelo. D’Angelo is a holdover from the prior board that initially sacked Altman on Friday. He stays on this new board to give the prior board a voice, we’re told.

People who know the negotiations say that the real job of the initial board is to check and place an expanded board of up to 9 people that will change the governance of OpenAI. Microsoft, which has invested over $10 billion into the company, wants to take a seat on that expanded board, as does Altman himself. During a press tour, CEO Satya Nadella said the company didn’t want more “surprises.”

Source: https://www.theverge.com/2023/11/22/23967223/sam-altman-returns-ceo-open-ai