OpenAI has 'full confidence' in CEO Sam Altman after investigation, reinstates him to board

FILE OpenAI CEO Sam Altman participates in a discussion during the Asia-Pacific Economic Cooperation CEO Summit, Nov. 16, 2023, in San Francisco. OpenAI is reinstating CEO Altman to its board of directors and said it has full confidence in his leadership after a law firm concluded an investigation into the turmoil that led the company to abruptly fire and rehire him in November.

In a parting shot, two board members who voted to fire Altman before getting pushed out themselves wished the new board well but said accountability is paramount when building technology “as potentially world-changing” as what OpenAI is pursuing. Much of OpenAI's conflicts have been rooted in its unusual governance structure. Founded as a nonprofit with a mission to safely build futuristic AI that helps humanity, it is now a fast-growing big business still controlled by a nonprofit board bound to its original mission.

Nor was it about OpenAI’s finances or any statements made to investors, customers or business partners, Taylor said. Altman and Brockman did not regain their board seats when they rejoined the company in November. But an “initial” new board of three men was formed, led by Taylor, a former Salesforce and Facebook executive who also chaired Twitter’s board before. The others are former U.S. Treasury Secretary Larry Summers and Quora CEO Adam D’Angelo, the only member of the previous board to stay on.

Legal experts have expressed doubt about whether Musk’s arguments, centered around an alleged breach of contract, will hold up in court.

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