Recommended: Listen to this story (00:24 - 02:15):

The Story: If you haven’t been keeping up with the spectacle of Sam Altman vs. OpenAI, here’s a quick recap + the latest update in the story.

On Friday, November 17th, OpenAI released a surprise statement that CEO Sam Altman had been fired. The company’s CTO Mira Murati, would take his place as interim CEO.

OpenAI’s statement read that Altman “was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities.” Outside of this, we still know very little about the internal details of why Altman was removed.

On Sunday, November 19th, after new CEO Murati supported the return of Altman to his position as CEO, the board appointed another, the company’s third CEO in three days. Emmett Shear, former CEO of Twitch, replaced Murati.

On Monday, November 20th, Microsoft, who owns a 49% stake in OpenAI, quickly moved to hire Altman and other OpenAI employees who left. Microsoft announced Altman would be joining the company to lead a new AI research team.

As you may already know, Altman didn’t last on Microsoft’s team for long.

The next day, on Tuesday, November 21st, OpenAI announced via a tweet that Altman would be returning in principle as the company’s new CEO. The entire OpenAI board, outside of one person, would also be stepping down from their roles.

In response to the announcement, Altman tweeted: “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. when i decided to join msft on sun evening, it was clear that was the best path for me and the team. with the new board and w satya’s support, i’m looking forward to returning to openai, and building on our strong partnership with msft.”

It is still uncertain when Altman will return to the CEO role, but a report from Bloomberg believes it could happen sometime this week.

*Stay informed about the three biggest stories in venture capital and tech news every weekday morning. 2-min reads only.