Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      Interest rates next change ‘far more likely down than up’

      The Bank of England's Andrew Bailey will be closely monitoring movements in long-dated bonds

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Exclusive: London in talks to host return of sumo at Royal Albert Hall

      Getty Images logo prominently displayed on a sleek, modern office building facade with reflective glass panels.

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Bowls Club is the City’s most eccentric (and brilliant) pop-up

      Local bowls club members enjoying a sunny day on the green, engaging in a competitive match with vibrant surroundings.

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Wednesday 22 November 2023 10:29 am

Sam Altman retakes OpenAI throne – four days after being sacked

By: Darren Parkin

Add as a preferred source on Google
Sam Altman will return to OpenAI
Sam Altman will return to OpenAI

IN a dramatic plot twist to an already complex set of events, OpenAI – the firm behind the ChatGPT phenomenon – has restored Sam Altman as its CEO.

The move came in the wake of threats of a massive walkout by staff who were all offered jobs with Microsoft after the technology giant said it would bring Altman into the multinational corporation.

Four days ago, Altman was booted out of OpenAI’s San Fransico HQ with the board of directors citing a “lack of candid communication” from the 38-year-old.

READ MORE: Sam Altman dumped by ChatGPT creator OpenAI

It sparked a wave of unease for the Californian company, as critics and staff piled on to what they claimed was OpenAI losing its greatest asset – the man who kicked off what has now become an artificial intelligence boom.

OpenAI has also agreed to reshuffle its board of directors, and this morning named former US Treasury Secretary Larry Summers as a member and ex-Salesforce CEO Bret Taylor as chair.

Earlier today, Altman said he was looking forward to getting back to business as he praised the efforts of Microsoft CEO Satya Nadella.

“I love OpenAI, and everything I’ve done over the past few days has been in service of keeping this team and its mission together,” he said.

Read more

OpenAI listing plans hit as Altman scraps robotics spin-off idea

Sam Altman discussing OpenAIs ChatGPT advancements at a press conference, emphasizing AI innovation and future developments

“When I decided to join Microsoft on Sunday evening, it was clear that was the best path for me and the team. With the new board and with Satya’s support, I’m looking forward to returning to OpenAI, and building on our strong partnership with Microsoft.”

Nadella, whose corporation is deeply entwined with OpenAI as it looks to roll out the technology to its users, also commented.

“We believe this is a first essential step on a path to more stable, well-informed, and effective governance,” he said.

OpenAI now has what it refers to as a new ‘initial board’, in which Quora CEO Adam D’Angelo will stay on. It remains to be seen if any of its no-equity directors will stay, or if capped profit investors – Microsoft, for instance, with its 49 per cent ownership – will be appointed.

Read more

‘Delighted to be wrong’ – Sam Altman changes tune on AI job apocalypse fears

OpenAI chief executive Sam Altman emphasised the Stargate project’s significance.

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • Blockbeat

Categories

  • Crypto

Trending Articles

  • More Big Four blues as Deloitte plans to slash UK audit roles

  • Rathbones to suspend thousands of client account inflows after FCA probe deals £530m blow

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • Keeping up with the cash: SKIMS’ law firm hits record revenue 

  • As it happened: FTSE 100 see-saws after inflation undershoots; Oil at $80 as Trump threatens ‘dropping bombs’ on Iran

More from CityAM

  • OpenAI listing plans hit as Altman scraps robotics spin-off idea

    Tech
    Sam Altman discussing OpenAIs ChatGPT advancements at a press conference, emphasizing AI innovation and future developments
  • ‘Delighted to be wrong’ – Sam Altman changes tune on AI job apocalypse fears

    Tech
    OpenAI chief executive Sam Altman emphasised the Stargate project’s significance.
  • OpenAI files to go public as the race between tech giants heats up 

    Investing
    Sam Altman discussing OpenAIs ChatGPT advancements at a press conference, emphasizing AI innovation and future developments
  • Adobe and LinkedIn target AI skills gap in marketing roles

    Tech
    Office for National Statistics
  • Claude was the nice guy of AI – what changed?

    Opinion
    Claude AI interface showcasing advanced features in a business setting
  • Anthropic files for IPO as race with OpenAI heats up

    Tech
    Anthropics AI technology showcased at a tech conference, highlighting innovative advancements in artificial intelligence
  • London AI jobs boom as Anthropic salaries hit £630k

    Tech
    Anthropics AI technology showcased at a tech conference, highlighting innovative advancements in artificial intelligence
  • Londonmaxxing: Capital reclaims European tech crown as money floods into AI and fintech

    Tech
    Googles modern Kings Cross headquarters showcasing innovative architecture in Londons dynamic tech district

CityAM Canada — business, markets and opinion for Canadian readers.

Sections

  • Business
  • Markets
  • Tech
  • AI
  • Economics
  • Opinion
  • Cities

Company

  • About
  • Contact

Legal

  • Terms of Use
  • Privacy Policy
  • Cookie Policy
© 2026 CityAM Canada. All rights reserved.
Terms · Privacy · Cookies