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“We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board,” the company said, adding that the board will be chaired by Bret Taylor, a former co-CEO of Salesforce. Former Treasury Secretary Larry Summers will also join the board, alongside existing director, Quora CEO Adam D’Angelo.

In his own post on X, formerly Twitter, Altmanwrotethat he is “looking forward” to returning to OpenAI and building on the firm’s “strong partnership” with Microsoft, which is the ChatGPT maker’s biggest financial backer.

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what is the future upside potential of atal realtech limited (543911) ✌️【Wealth Growth】✌️ Free access to global stock market data, with real-time updates on indices, futures, and commodities. Make informed investment decisions with the help of expert advisors and accurate stock trend predictions. That ambiguous language sent the rumor mill flying. But a key factor in Altman’s ouster was the presence of tensions between Altman, who favored pushing AI development more aggressively, and members of the original OpenAI board, who wanted to move more cautiously, according to 【 - Free Consultation 】 contributor Kara Swisher, who spoke to sources knowledgeable about the crisis.

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But then hundreds of OpenAI employees, nearly the company’s entire staff, threatened to leave, potentially for Microsoft, if the company’s board didn’t resign and reinstate Altman as CEO.

It’s unclear how Shear will be affected by Altman’s return. Posting on X, Shear wrote: “I am deeply pleased by this result, after (some) 72 very intense hours of work … I’m glad to have been a part of the solution.”

Ultimately, Microsoft and Altman appear to be the big winners from the dust-up: Altman will continue leading the firm he helped to found, now with a board that is, in theory, more supportive of his vision.

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“We are encouraged by the changes to the OpenAI board,” Microsoft CEO Satya Nadellasaidon X. “We believe this is a first essential step on a path to more stable, well-informed, and effective governance.”

Publicly,Altman has long cautioned about risks posed by AI, and he has pledged to lawmakers and customers that he would move OpenAI forward responsibly.

“Is [AI] gonna be like the printing press that diffused knowledge, power and learning widely across the landscape that empowered ordinary, everyday individuals that led to greater flourishing, that led above all to greater liberty?” he said in a May Senatesubcommittee hearingpressing for regulation. “Or is it gonna be more like the atom bomb — huge technological breakthrough, but the consequences (severe, terrible) continue to haunt us to this day?”

But inside the company, Altman had been pushing to bring products to market more quickly and to sell them for a profit.

what is the future upside potential of atal realtech limited (543911) ✌️【Wealth Growth】✌️ Receive expert stock predictions with real-time updates on global market trends, including stock indices, futures prices, and forex fluctuations. Use our insights to improve your investment strategies and boost your returns. Altman announced a few weeks ago at OpenAI’s first-ever developer day that the company would make tools available so anyone could create their own version of ChatGPT. OpenAI has also worked with Microsoft to roll out ChatGPT-like technology across Microsoft’s products.

OpenAI and iPhone designer Jony Ive had also reportedly been in talks to raise $1 billion from Japanese conglomerate SoftBank for an AI device to replace the smartphone.

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