Sam Altman is set to return as CEO of OpenAI five days after the board fired him, The Wall Street Journal’s Deepa Seetharaman reports. The company plans to form a new initial board, including Bret Taylor, the former co-CEO of Salesforce (CRM), Larry Summers, the former Treasury secretary, and Adam D’Angelo, the only member of OpenAI’s previous board to remain. TThe new board is expected to add as many as six additional members, according to a person familiar with the matter. OpenAI’s biggest investor is Microsoft (MSFT).
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on MSFT:
- OpenAI’s Researchers Had Warned of AI Breakthrough Before Sam Altman’s Exit
- Thursday Macro & Markets Update
- AMZN, GOOG, MSFT: Leading Hedge Fund Expert Favors These 3 Tech Stocks
- Microsoft (NASDAQ:MSFT) Gains as Wedbush Sees “Cinderella Ending” Ahead
- OpenAI Saga Continues with the Return of Sam Altman