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OPENAI CEO SAM ALTMAN REINSTATED IN RAPID TURNAROUND

OpenAI CEO Sam Altman has been reinstated in his position, after the startup faced immense pressure from employees and investors to bring him back. Former Salesforce co-CEO Bret Taylor and former Treasury Secretary Larry Summers are set to join OpenAI’s board, with Taylor serving as chairman. Adam D’Angelo, co-founder and CEO of Quora, will continue to be a member of the board, as the company collaborates to work out the details of the changes.

The move to reinstate Altman comes after hundreds of employees, including co-founder and board member Ilya Sutskever, threatened to leave if Altman was not brought back. In response, Microsoft CEO Satya Nadella announced that Altman and fellow co-founder Greg Brockman would join Microsoft to form a new AI lab, reining in the possibility of a mass exodus from OpenAI to Microsoft.

The upheaval at OpenAI comes after the board had initially announced ex-Twitch CEO Emmett Shear as Altman’s interim replacement, prompting an outpouring of support for Altman’s return. Altman himself expressed his eagerness to return to OpenAI and build on the company’s partnership with Microsoft, with both parties indicating that Altman and Brockman will continue to play a crucial role in steering OpenAI forward.

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The rapid turnaround at OpenAI is a testament to the immense value the company places on its leadership, as well as the continued support from its investors and technology partners, including Microsoft. The company emerged as a leading AI startup following the release of its ChatGPT chatbot, highlighting the potential for impactful innovation in the AI space. The reintroduction of Altman and Brockman is being viewed as a positive step and a demonstration of the commitment of OpenAI and its partners to the next phase of AI development.

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