Microsoft is gaining a non-voting observer seat on the nonprofit board controlling OpenAI.

Altman expresses excitement about the future and gratitude for the team's resilience during a challenging time.

Ilya Sutskever, OpenAI's co-founder and chief scientist, will no longer serve on the board but may continue working at OpenAI.

The new board includes Bret Taylor as chair, Larry Summers, and Adam D’Angelo.

Microsoft, a major investor with a 49 percent stake in OpenAI, now has visibility into the company's inner workings as a non-voting observer.

Altman outlines three immediate priorities: advancing research, improving and deploying products, and working on governance and board diversity.

The board plans to strengthen OpenAI's corporate governance, build a diverse board, stabilize the organization, and enhance governance structures.

OpenAI expresses gratitude to the community and emphasizes its role in AI's impact on society.

The announcement concludes with an invitation to sign up for a paid newsletter about the tech industry's inside conversation.

Microsoft is gaining a non-voting observer seat on the nonprofit board that oversees OpenAI.