‘Never been more excited,’ says Sam Altman after returning as OpenAI CEO; Microsoft to take non-voting position on board

Sam Altman has returned as CEO of OpenAI after being fired and rehired, with Greg Brockman returning as president and Mira Murati returning to her role as CTO.

Aman Gupta
Updated30 Nov 2023, 07:31 AM IST
(FILES) Sam Altman, US entrepreneur, investor, programmer, and founder and CEO of artificial intelligence company OpenAI, speaks at Tel Aviv University in Tel Aviv on June 5, 2023. ChatGPT creator OpenAI announced November 21, 2023, that Altman would return as its CEO, days after his shock dismissal plunged the pioneering artificial intelligence firm into crisis. Hundreds of OpenAI staff threatened to quit following Altman's sacking on November 17, demanding in a letter released to the media the resignation of the board, as speculation swirled about the future of the company. (Photo by JACK GUEZ / AFP)
(FILES) Sam Altman, US entrepreneur, investor, programmer, and founder and CEO of artificial intelligence company OpenAI, speaks at Tel Aviv University in Tel Aviv on June 5, 2023. ChatGPT creator OpenAI announced November 21, 2023, that Altman would return as its CEO, days after his shock dismissal plunged the pioneering artificial intelligence firm into crisis. Hundreds of OpenAI staff threatened to quit following Altman’s sacking on November 17, demanding in a letter released to the media the resignation of the board, as speculation swirled about the future of the company. (Photo by JACK GUEZ / AFP)(AFP)

OpenAI co-founder Sam Altman has officially returned as CEO of the AI startup after a tumultuous last week or so, which saw the 38-year-old fired and then announced he was being rehired. In addition, Greg Brockman is returning to his position as president of OpenAI, while Mira Murati, who was briefly appointed interim CEO of OpenAI following Altman's ouster, will now return to her role as the company's CTO.

Sam Altman reacted to his official return to the company in a blogpost, saying, “I have never been more excited about the future. I am extremely grateful for everyone’s hard work in an unclear and unprecedented situation, and I believe our resilience and spirit set us apart in the industry. I feel so, so good about our probability of success for achieving our mission.”

Altman also thanked OpenAI co-founder and former board member Ilya Sutskever, who was instrumental in hiring him as OpenAI's CEO but later changed his mind. Altman said he had " zero ill will" towards Sutskever, calling him a "guiding light" and a "gem of a human being". The 38-year-old noted that while Sutskever will no longer be a member of the new board, discussions are underway about how he can continue his work at OpenAI.

Microsoft to get a non-voting position on OpenAI board:

Microsoft has been OpenAI's biggest backer, investing more than $10 billion in the company, but has had little control over its affairs due to the AI startup's unusual governance structure. However, Altman announced on Thursday that Microsoft will now finally have a seat on OpenAI's new board, albeit as a non-voting observer.

Notably, many reports claimed that Microsoft CEO Satya Nadella was informed of Sam Altman's dismissal only moments before the public announcement. With a position on the OpenAI board, the Redmond company could potentially be more aware of the conversations taking place within OpenAI.

Announcing the decision to have Microsoft on the new OpenAI board, Altman said, “We clearly made the right choice to partner with Microsoft and I’m excited that our new board will include them as a non-voting observer. Thank you.”

Catch all the Business News , Corporate news , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.

Business NewsCompaniesNews‘Never been more excited,’ says Sam Altman after returning as OpenAI CEO; Microsoft to take non-voting position on board
MoreLess
First Published:30 Nov 2023, 07:04 AM IST
Most Active Stocks
Market Snapshot
  • Top Gainers
  • Top Losers
  • 52 Week High
Recommended For You
    More Recommendations
    Gold Prices
    • 24K
    • 22K
    Fuel Price
    • Petrol
    • Diesel
    Popular in Companies