Artificial intelligence 

 

Sam Altman has agreed to return to OpenAI, the company said Wednesday in a post on X, just days after he was ousted as CEO of the leading artificial intelligence company. The announcement appears to bring an end to several days of chaos for the AI industry that included negotiations over who should lead OpenAI — the company behind ChatGPT — and how the firm should be run, as well as broader discussions about just how fast the arms race to develop AI technology should be moving. It also comes after 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.

5 Things to Know Before Markets Open

News of the day for November 22, 2023

By 

TERRY LANE

 

Published November 22, 2023

Justin Sullivan / Staff / Getty Images

ChatGPT maker OpenAI said Sam Altman will return as CEO and Nvidia reported big jumps in earnings and revenue on the back of strong data center sales. Here’s what investors need to know today.

1. ChatGPT Maker OpenAI Brings Back Sam Altman as CEO 

OpenAI said it would bring back Sam Altman as CEO, less than a week after the board dismissed him and he was hired by Microsoft. The announcement included the addition of new board members at OpenAI. Microsoft CEO Satya Nadella said he would support the changes to the governance structure at the Microsoft-backed startup, and shares of Microsoft (MSFT) edged 0.6% higher in pre-market trading.