Summary
TLDR: OpenAI CEO Sam Altman will rejoin the company’s board after an internal review found his removal was not justified. The board has also added three new members and implemented changes to improve corporate governance. The reinstatement comes amidst a lawsuit from Elon Musk alleging the company has strayed from its original mission.
Key Points
1. OpenAI CEO Sam Altman will rejoin the company’s board of directors following an internal review of his controversial removal in November 2023. The company also added three new members to the board to enhance its corporate governance structure.
2. The internal review, conducted by law firm WilmerHale, found a “breakdown in trust” between the prior board and Altman. Despite the board’s actions being within its discretion, Altman’s conduct did not mandate removal.
3. OpenAI announced changes to its governance structure, including new corporate governance guidelines, a strengthened conflict of interest policy, a whistleblower hotline, and additional board committees focused on mission and strategy. Altman’s reinstatement and the board expansion come amidst growing concerns about the development and risks of artificial intelligence.