Crypto
OpenAI Board in Talks with Ousted CEO Sam Altman for Potential Return
courtesy of bitcoinist.com
Controversial Dismissal Sparks Outcry
In a surprising move, OpenAI, the company behind ChatGPT, announced on Friday that CEO Sam Altman would be leaving the company due to a loss of confidence caused by a lack of honesty in his exchanges with the board. This decision has faced heavy criticism from both the tech community and OpenAI employees.
Resignations Follow Altman's Departure
Greg Brockman, the president of OpenAI, was the first to resign in response to Altman's dismissal. Since then, three senior staff members have also resigned, with more expected to follow suit.
Investors Push for Altman's Reinstatement
OpenAI's decision to remove Altman has not been well-received by the company's investors. Microsoft, along with other investors, is advocating for a quick reinstatement of Altman as CEO. Thrive Capital, OpenAI's second-largest shareholder, has also expressed strong disagreement with the board's decision.
Agreement in Principle for Altman's Return
An agreement in principle had been reached between Altman and the OpenAI board for his return and the resignation of all current board members. However, the board seems to be backing out of this agreement, raising uncertainty about Altman's potential reinstatement.
Altman Explores New Opportunities
Reports suggest that Altman is already working on a new company and has received an invitation from Cardano founder Charles Hopkinson to collaborate on a decentralized large language model (LLM).
Worldcoin's Price Reacts to Altman's Dismissal
Following Altman's dismissal, Worldcoin (WLD) experienced a price dip, losing over 12% of its value within 24 hours. However, news of a potential reinstatement has led to a recovery, with WLD currently trading at $2.34 and showing overall positive performance in the last week.
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Semilore Faleti, a crypto-journalist at Bitconist, contributed to this article. He is passionate about covering the growing impact of blockchain technology in the financial world.
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