Days after he was fired as CEO by OpenAI's board, Sam Altman is set to return to the company. OpenAI released a statement late Tuesday saying it had "reached an agreement in principle for Sam Altman to return to OpenAI as CEO." The proposed agreement includes replacing all the directors that fired Altman bar one, Quora CEO Adam D'Angelo. He would be joined on the new board by Bret Taylor, formerly CEO of Salesforce and Larry Summers, formerly US Secretary of the Treasury. OpenAI was in "intense" negotiations earlier on Tuesday with Altman and the board of directors that ousted him last Friday, in an effort to rescue the embattled company. The talks were acknowledged in a memo sent to staff Monday by OpenAI's vice president of global affairs, Anna Makanju, saying that the talks included Altman, the board, and the new interim CEO, Emmett Shear.

Toronto's push to become a global leader in artificial intelligence (AI) is finding support from all levels of government, academia and private businesses. The University of Toronto's newly unveiled Vector Institute for Artificial Intelligence will be receiving $50 million in funding from the province of Ontario, in addition to $40-50 million over the next five years from the federal government and $80 million over 10 years from the private sector. "We're in a period of great transition in our economy with technology disrupting, challenging, and improving the way we live and work," Premier Kathleen Wynne told the crowd at the official launch of Vector's new headquarters in the MaRS Discovery District in downtown Toronto on Mar. 30. "When everything is changing as fast as it is, we have two options: follow or lead. With the launch of Vector, Ontario is choosing to lead the next great leap forward in technology, innovation and talent."