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Following intense talks over the weekend, Microsoft announced that it had hired Sam Altman, just two days after the OpenAI board had unceremoniously removed him from his position as CEO. Meanwhile, OpenAI had found an interim CEO in Emmett Shear, who had most recently served as chief executive of the livestreaming platform Twitch.

Microsoft CEO Satya Nadella revealed in a statement on Sunday night that Altman will head a new artificial intelligence research team at the company alongside former OpenAI president Greg Brockman, who resigned after Altman was fired on November 17. Prior to now, Microsoft had declared that it will be investing billions of dollars over a number of years in OpenAI, the research company behind the popular AI chatbot ChatGPT. Microsoft has reportedly invested over $13 billion in San Francisco-based OpenAI, according to the New York Times. Sequoia Capital is one of the additional investors in OpenAI.

OpenAI, which began as a nonprofit research lab in 2015, appointed Shear, the former CEO of Twitch, an Amazon-owned company, as its interim leader on Sunday.

In the X post, Nadella stated, "We are still devoted to our collaboration with OpenAI and are confident in our product roadmap, our capacity for innovation in light of what we revealed at Microsoft Ignite, and our ability to assist our partners and customers. We are excited to collaborate with Emmett Shear and the new leadership group at OAI. Furthermore, we are thrilled to announce that Sam Altman, Greg Brockman, and associates will be joining Microsoft to head a brand-new advanced AI research team. We're excited to get going immediately to provide them the resources needed their success. 

Altman said on Sunday that "the mission continues," paraphrasing a post by Nadella. It is said that Altman was already selling investors on a new artificial intelligence business when he decided to join Microsoft.

On Sunday, Altman said, "the mission continues," citing a post by Nadella. Altman reportedly started pitching investors on a new AI business even before he decided to join Microsoft.

Her son, who is now nine months old, was the reason behind Shear's resignation as Twitch's CEO, which he announced on X. Declaring that he saw OpenAI as one of the most significant companies of our time, he said he seized the "once-in-a-lifetime opportunity" to lead the organization. I did not make the decision hastily when the board informed me of the circumstances and requested that I assume the position. In the end, I believed it was my obligation to assist if I was able.

OpenAI had announced on Friday that Mr. Altman's retirement came after a thorough investigation by the board, which found that he had not been entirely truthful in board discussions, which had impeded the board's capacity to carry out its duties.

The specifics underlying Altman's dismissal are still unknown. In a note to OpenAI employees on Saturday, COO Brad Lightcap stated that Altman's termination was due to a communication breakdown rather than any wrongdoing or issues with our finances, operations, security, or privacy policies.

According to a New York Times report, Ilya Sutskever, an AI researcher and one of the four OpenAI board members who removed Altman, grew more concerned that Mr. Altman was not giving enough thought to the risk that could be associated with OpenAI's technology. Sutskever said, "I deeply regret my participation in the board's actions," in a post on X Monday morning. I never meant to cause harm to OpenAI. I adore what we've created together, and I'll stop at nothing to bring the business back together.

More than 500 of OpenAI's roughly 700 workers, including Sutskever, threatened to go and work for Microsoft in a letter to the board sent on Monday morning, unless the board members resigned and reinstated Altman and Brockman, according to Wired. 

Shear stated in his piece that it is obvious that the communications and procedures surrounding Sam's dismissal were handled terribly, severely undermining our confidence.

Shear says that in the next 30 days, he will hire a third party investigator to thoroughly examine all of the processes that have led up to this point and produce a comprehensive report; restructure the management and leadership team in light of recent departures to create a cohesive unit that can effectively drive results for our clients; and keep talking to as many OpenAI staff members, partners, investors, and clients as he can.

Shear added, "I looked into the rationale for the change before taking the job." Sam was not removed by the board due to a specific issue about safety; rather, their justification was entirely different. I'm not insane enough to accept this position until the board approves of our amazing models being commercialized.

Shear added, "I investigated the rationale for the change before accepting the position." The board's reasoning was entirely separate from any particular concern about safety, which is why they did not remove Sam. Without board backing to commercialize our amazing models, I wouldn't be insane enough to accept this job.

The embarrassing circus display at OpenAI over the weekend was finally taken over by the grownups in the room at Microsoft as Nadella & Co. now have added the linchpins of AI, according to a note written by Wedbush Securities analyst Dan Ives on Monday. Leading Microsoft's advanced AI research team will be Sam Altman and Greg Brockman. The four-person board of OpenAI, which attempted a failed coup, did not want Altman to return as CEO. Thus, MSFT acquired this valuable resource, and he will now supervise OpenAI from Redmond alongside Nadella, which is welcome news for investors.