Open AI deal

OpenAI has reached a deal for ousted boss Sam Altman to return as its chief executive, the company said on Wednesday.

The artificial intelligence company said it would reinstate a board consisting of Bret Taylor, Larry Summers, and Adam D’Angelo.

“We have reached an agreement in principle for Sam to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D’Angelo,” the company posted on X.