The new board aims to enhance OpenAI's governance structure, following criticism of the company's decision to oust Altman without consulting its largest investors. An independent committee will review recent events, and the company plans to focus on advancing its research, improving its governance, and refocusing on its products. Despite the recent upheaval, Altman stated that OpenAI did not lose any customers.
Key takeaways:
- Sam Altman has been reinstated as CEO of OpenAI, and the company has a new initial board of directors, with Microsoft Corp. joining as a nonvoting observer.
- Mira Murati has returned to her role as CTO of OpenAI, and Greg Brockman has returned as the company's president after quitting in protest over Altman's firing.
- The new board of directors includes Bret Taylor, the former co-CEO of Salesforce Inc., Larry Summers, the former US treasury secretary, and Adam D’Angelo, the CEO of Quora Inc. Their primary task will be to build out a more permanent board.
- OpenAI is set to be valued at $86 billion in a planned tender offer, and the company plans to focus on advancing its research, improving its governance structure, and refocusing on its products.