OpenAI CEO Sam Altman speaks during the OpenAI DevDay event on November 06, 2023 in San Francisco, California.

Sam Altman’s swift return as OpenAI’s CEO was confirmed on Wednesday after recent upheaval. The decision followed employee and investor pressure on the board, reinstating Altman within a week of his removal.

New board additions include Bret Taylor and Larry Summers, with Bret Taylor assuming the chair position. Despite the shuffle, Adam D’Angelo remains on the board.

Altman’s reinstatement comes after an employee-signed letter threatened a mass exodus to Microsoft if the board didn’t reconsider. Microsoft’s CEO, Satya Nadella, pledged support, planning to incorporate Altman and Greg Brockman into a new AI lab.

Despite appointing an interim CEO, Emmett Shear, Altman’s return was propelled by influential investors rallying against the board’s decision.

Altman expressed gratitude for the support on social media, emphasizing his excitement to continue OpenAI’s work. Nadella commended the board changes, signaling renewed collaboration for AI development.

The rapid reversal echoes Silicon Valley’s history, drawing comparisons to Steve Jobs’ reinstatement at Apple. Altman’s impact on OpenAI, notably with the ChatGPT chatbot, garnered widespread attention, making OpenAI a hot startup in recent times.

Amidst the chaos, Altman’s swift return signifies a stabilizing step, reassuring stakeholders and signaling continued innovation in AI.