• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
TechSam Altman

Why Sam Altman’s removal—and reinstatement—as OpenAI CEO actually matters

By
The Associated Press
The Associated Press
Down Arrow Button Icon
By
The Associated Press
The Associated Press
Down Arrow Button Icon
November 23, 2023, 4:37 AM ET
OpenAI CEO Sam Altman speaks during the OpenAI DevDay event
OpenAI CEO Sam Altman speaks during the OpenAI DevDay event Justin Sullivan/Getty Images

It’s been quite a week for ChatGPT-maker OpenAI — and co-founder Sam Altman.

Recommended Video

Altman, who helped start OpenAI as a nonprofit research lab back in 2015, was removed as CEO Friday in a sudden and mostly unexplained exit that stunned the industry. And while his chief executive title was swiftly reinstated just days later, a lot of questions are still up in the air.

If you’re just catching up on the OpenAI saga and what’s at stake for the artificial intelligence space as a whole, you’ve come to the right place. Here’s a rundown of what you need to know.

WHO IS SAM ALTMAN AND HOW DID HE RISE TO FAME?

Altman is co-founder of OpenAI, the San Francisco-based company behind ChatGPT (yes, the chatbot that’s seemingly everywhere today — from schools to health care ).

The explosion of ChatGPT since its arrival one year ago propelled Altman into the spotlight of the rapid commercialization of generative AI — which can produce novel imagery, passages of text and other media. And as he became Silicon Valley’s most sought-after voice on the promise and potential dangers of this technology, Altman helped transform OpenAI into a world-renowned startup.

But his position at OpenAI hit some rocky turns in a whirlwind that was the past week. Altman was fired as CEO Friday — and days later, he was back on the job with a new board of directors.

Within that time, Microsoft, which has invested billions of dollars in OpenAI and has rights to its existing technology, helped drive Altman’s return, quickly hiring him as well as another OpenAI co-founder and former president, Greg Brockman, who quit in protest after the CEO’s ousting. Meanwhile, hundreds of OpenAI employees threatened to resign.

Both Altman and Brockman celebrated their returns to the company in posts on X, the platform formerly known as Twitter, early Wednesday.

WHY DOES HIS REMOVAL — AND REINSTATEMENT — MATTER?

There’s a lot that remains unknown about Altman’s initial ousting. Friday’s announcement said he was “not consistently candid in his communications” with the then-board of directors, which refused to provide more specific details.

Regardless, the news sent shockwaves throughout the AI world — and, because OpenAI and Altman are such leading players in this space, may raise trust concerns around a burgeoning technology that many people still have questions about.

“The OpenAI episode shows how fragile the AI ecosystem is right now, including addressing AI’s risks,” said Johann Laux, an expert at the Oxford Internet Institute focusing on human oversight of artificial intelligence.

The turmoil also accentuated the differences between Altman and members of the company’s previous board, who have expressed various views on the safety risks posed by AI as the technology advances.

Multiple experts add that this drama highlights how it should be governments — and not big tech companies — that should be calling the shots on AI regulation, particularly for fast-evolving technologies like generative AI.

“The events of the last few days have not only jeopardized OpenAI’s attempt to introduce more ethical corporate governance in the management of their company, but it also shows that corporate governance alone, even when well-intended, can easily end up cannibalized by other corporate’s dynamics and interests,” said Enza Iannopollo, principal analyst at Forrester.

The lesson, Iannopollo said, is that companies can’t alone deliver the level of safety and trust in AI that society needs. “Rules and guardrails, designed with companies and enforced by regulators with rigor, are crucial if we are to benefit from AI,” he added.

WHAT IS GENERATIVE AI? HOW IS IT BEING REGULATED?

Unlike traditional AI, which processes data and completes tasks using predetermined rules, generative AI (including chatbots like ChatGPT) can create something new.

Tech companies are still leading the show when it comes to governing AI and its risks, while governments around the world work to catch up.

In the European Union, negotiators are putting the final touches on what’s expected to be the world’s first comprehensive AI regulations. But they’ve reportedly been bogged down over whether and how to include the most contentious and revolutionary AI products, the commercialized large-language models that underpin generative AI systems including ChatGPT.

Chatbots were barely mentioned when Brussels first laid out its initial draft legislation in 2021, which focused on AI with specific uses. But officials have been racing to figure out how to incorporate these systems, also known as foundation models, into the final version.

Meanwhile, in the U.S., President Joe Biden signed an ambitious executive order last month seeking to balance the needs of cutting-edge technology companies with national security and consumer rights.

The order — which will likely need to be augmented by congressional action — is an initial step that is meant to ensure that AI is trustworthy and helpful, rather than deceptive and destructive. It seeks to steer how AI is developed so that companies can profit without putting public safety in jeopardy.

Join us at the Fortune Workplace Innovation Summit May 19–20, 2026, in Atlanta. The next era of workplace innovation is here—and the old playbook is being rewritten. At this exclusive, high-energy event, the world’s most innovative leaders will convene to explore how AI, humanity, and strategy converge to redefine, again, the future of work. Register now.
About the Author
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Tech

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Tech

Microsoft just turned 51. Here’s a look at an iconic 1978 photo of its first employees and where they are now
Big TechMicrosoft
Microsoft just turned 51. Here’s a look at an iconic 1978 photo of its first employees and where they are now
By Marco Quiroz-GutierrezApril 4, 2026
2 hours ago
alex
AIInfrastructure
AI’s next frontier is the real world
By Alex IsraelApril 4, 2026
4 hours ago
workers
AIdisruption
A Yale economist says AGI won’t automate most jobs—because they’re not worth the trouble
By Nick LichtenbergApril 4, 2026
5 hours ago
Artemis II’s moonbound astronauts capture Earth’s brilliant blue beauty as they travel more than 110,000 miles from home
InnovationNASA
Artemis II’s moonbound astronauts capture Earth’s brilliant blue beauty as they travel more than 110,000 miles from home
By Marcia Dunn and The Associated PressApril 3, 2026
14 hours ago
man silhouette two computer screens
CybersecurityOnline
Internet Watch Foundation finds 260-fold increase in AI-generated CSAM in just one year, and ‘it’s the tip of the iceberg’
By Catherina GioinoApril 3, 2026
15 hours ago
A woman working alone in an office
AIJobs
MIT created duplicate AI workers to tackle thousands of different tasks. The verdict? Most of the time AI is still just ‘minimally sufficient’
By Tristan BoveApril 3, 2026
18 hours ago

Most Popular

Google CEO Sundar Pichai says we’re just a decade away from a new normal of extraterrestrial data centers
Innovation
Google CEO Sundar Pichai says we’re just a decade away from a new normal of extraterrestrial data centers
By Fortune EditorsApril 3, 2026
1 day ago
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
Real Estate
Gen Z fled San Francisco for Texas and Florida. Now they’re turning ‘welcomer cities’ into the next big tech towns
By Fortune EditorsApril 2, 2026
2 days ago
The Walmart billionaires next door: Quiet backlash is brewing against the heirs who remade the retailer’s hometown
Magazine
The Walmart billionaires next door: Quiet backlash is brewing against the heirs who remade the retailer’s hometown
By Fortune EditorsApril 3, 2026
1 day ago
Current price of oil as of April 3, 2026
Personal Finance
Current price of oil as of April 3, 2026
By Fortune EditorsApril 3, 2026
1 day ago
Major 4-day workweek study suggests that when we work 5 days we spend one doing basically nothing
Success
Major 4-day workweek study suggests that when we work 5 days we spend one doing basically nothing
By Fortune EditorsApril 2, 2026
2 days ago
Current price of silver as of Friday, April 3, 2026
Personal Finance
Current price of silver as of Friday, April 3, 2026
By Fortune EditorsApril 3, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.