OpenAI has reached an agreement for Sam Altman to return as CEO days after his ouster.
It capped off frenzied discussions about the future of the startup at the center of the artificial intelligence boom.
Here’s what analysts and investors say about the agreement:
DANNI HEWSON, HEAD OF FINANCIAL ANALYSIS AT AJ BELL:
“There are still huge questions about why Altman was fired and why Microsoft had seemingly been kept in the dark about the decision. What does seem clear is that Microsoft will now play a much bigger role, that the partnership will become stronger and the two companies more integrated.”
DANIELA HATHORN, ANALYST AT CAPITAL.COM:
“The decision wasn’t much of a choice as turmoil had clouded the company since the decision to let Altman go last Friday, turning investors and employees against the board members involved in the failed coup.
“Microsoft… had openly supported Altman’s return over the weekend. Still, the tech giant now wants a seat on the new board that will need to be formed over the coming months, as it wants to avoid any further surprises.”
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