After days of company chaos that has captivated the tech business, OpenAI cofounder and not too long ago fired CEO Sam Altman is about to return to his place.

In a press release posted to X late Tuesday, OpenAI stated it had reached an settlement “in principle” for Altman to return to OpenAI as CEO. The assertion stated a brand new, “initial,” board of administrators could be appointed, together with former Salesforce co-CEO Bret Taylor as chair, former US Secretary of the Treasury Larry Summers, and Adam D’Angelo, who could be the one present director to stay on the board.

Altman posted on X, in his attribute lower-case model, “i love openai, and everything i’ve done over the past few days has been in service of keeping this team and its mission together.”

Greg Brockman, an OpenAI cofounder who was removed from his role as chair of the board when Altman was fired and later quit in protest, is also set to regain his position. “Returning to OpenAI & getting back to coding tonight,” he posted on X.

OpenAI’s proposed all-male board would appear to remove three directors who voted to eject Altman: OpenAI cofounder and chief scientist Ilya Sutskever, Helen Toner of Georgetown’s Center for Security and Emerging Technology, and entrepreneur Tasha McCauley. Toner posted on X, “And now, we all get some sleep 😴.” McCauley and Sutskever didn’t immediately respond to requests for comment.

The Verge reported that under the proposed agreement the initial board will appoint a new board of up to nine people to reshape the corporate governance of OpenAI. It is unclear whether Altman himself will have a seat on the board.

Kelly Sims, a partner at Thrive Capital, a major OpenAI investor that supported Altman’s negotiations with the company’s board in recent days, issued a statement welcoming his return. “Sam and Greg possess a profound commitment to the company’s integrity, and an unmatched ability to inspire and lead,” the assertion stated. “We consider that is the very best end result for the corporate, its workers, those that construct on their applied sciences, and the world at giant,” Sims stated.

Long Road Back

OpenAI was in “intense” negotiations earlier on Tuesday with Altman and the board of administrators that ousted him final Friday, in an effort to rescue the embattled firm. The talks had been acknowledged in a memo despatched to workers Monday by OpenAI’s vp of worldwide affairs, Anna Makanju, which stated the discussions included Altman, the board, and the brand new interim CEO, Emmett Shear.

Shear posted on X after OpenAI’s announcement of the settlement for Altman to return that he was “deeply pleased by this result, after ~72 very intense hours of work.” It was unclear whether or not he could be staying on the firm.