OpenAI said late Tuesday that it had reached a deal in principle for Sam Altman to return as CEO, with a new board chaired by former Salesforce co-CEO Bret Taylor.

Why it matters: The move appears to resolve the roller-coaster drama that began Friday when OpenAI announced that its non-profit board had voted to remove Altman.

Details: The new board will also include former Treasury Secretary Larry Summers and current board member Adam D’Angelo, co-founder of Quora.

Later in the article: Monday morning, an open letter signed by hundreds of Open AI’s 750+ employees demanded that the company’s board resign or they would quit. By the end of the day, the letter had picked up signatures from nearly every employee.

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