News

Breaking: OpenAI Officially Marks Return Of Sam Altman As CEO

The OpenAI board had officially put an end to the uncertainty around Sam Altman’s future at the company, following a week of drama.
Published by
Breaking: OpenAI Officially Marks Return Of Sam Altman As CEO

In what could officially put an end to the uncertainty around Sam Altman’s future at OpenAI, the company on Wednesday said it all set for Altman’s return as chief executive officer. In addition, the company reportedly said it has finalized arrangements to give its partner and investor Microsoft a non-voting seat on its board.

Also Read: Coinbase CEO Lauds Canadian Crypto Regulatory Framework

Advertisement

OpenAI Has New Initial Board

This comes after drama unfolded on November 17, 2023, when OpenAI fired Sam Altman from the company. This move has escalated an ugly internal conflict for the company, with employees threatening to quit over Altman’s exit. Following this, the company’s board announced it would bring back Altman as CEO. In a statement, the company announced that Mira Murati will return to the role of CTO while the new initial board will have Bret Taylor as Chair besides Larry Summers, and Adam D’Angelo.

The board emphasized on its plans to further stabilize the OpenAI organization, and enhance the company’s governance structure.

Advertisement

Sam Altman Has A Message On Return As CEO

Altman said he was looking forward to continue the task of building beneficial artificial general intelligence (AGI). In his blog post, Altman reiterated on OpenAI’s terms with Microsoft, adding that the tech giant will be part of the board as non-voting observer. “We clearly made the right choice to partner with Microsoft and I’m excited that our new board will include them as a non-voting observer.”

Meanwhile, the Worldcoin Price (WLD) showed signs of recovery following the news of OpenAI officially reinstating Sam Altman as its CEO. After OpenAI’s board fired Altman from the CEO role, the WLD Coin followed a negative trajectory, only to recover losses with the board’s decision to bring back Altman.

Also Read: BlackRock Makes Compelling Case for Bitcoin ETF in Latest SEC Meetup

Advertisement
Share
Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at anvesh@coingape.com or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Metamask Airdrop Countdown Begins as Wallet Team Registers Token Claim Domain

In a fresh development, a newly registered claim domain has led to speculations that the…

October 27, 2025
  • News

$2.5T Citigroup Partners With Coinbase to Enable Stablecoin Payments

Citigroup, a top U.S. bank with $2.5 trillion asset under management has partnered with Coinbase.…

October 27, 2025
  • News

Who Will Be the Next Fed Chair? Scott Bessent Confirms Final Five Candidates

U.S. Treasury Secretary Scott Bessent has confirmed the final shortlist of contenders to replace Jerome…

October 27, 2025
  • News

Mt. Gox Delays Repayments to 2026 as Trump-Backed American Bitcoin Adds 1,414 BTC

Mt. Gox has once again pushed back its long-awaited Bitcoin (BTC) creditor repayments by a…

October 27, 2025
  • News

Crypto ETFs Attract $1B in Fresh Capital Ahead of Expected Fed Rate Cut This Week

Crypto ETFs record nearly $1 billion in weekly inflows. This marks one of the strongest…

October 27, 2025
  • News

Breaking: Michael Saylor’s Strategy Adds 390 BTC to Holdings as Bitcoin Surges Past $115k

Michael Saylor’s treasury firm Strategy has made another weekly purchase as it continues to expand…

October 27, 2025