OpenAI, the renowned artificial intelligence (AI) company behind ChatGPT has made a bold move by firing its CEO, Sam Altman. He has also been removed from the board.
The AI company announced a in a blog post today. They also revealed the review process that led the board to fire Altman. According to the blog post, his departure stems from a lack of communication with the board.
The board no longer has confidence in his ability to continue leading OpenAI
The miscommunication caused problems to the board’s ability to fulfill its responsibilities. The board expressed a complete loss of confidence in Altman’s leadership capabilities.
Mr. Altman’s departure follows a deliberative review process by the board, which concluded that he was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities
How did Worldcoin’s price react?
Altman’s eye-scanning crypto project, Worldcoin’s (WLD) price immediately as OpenAI’s leadership shook up. The value of WLD plummeted by 12% after the announcement. It underlined the connected nature of a the cryptocurrency with a personality.
Source: CoinGecko
What will happen next with OpenAI?
This move by OpenAI raises questions about the future direction of the company and its strategic decisions. The departure of its CEO, Sam Altman is likely to have broader implications on the industry landscape. He is known for his influence in both the AI and cryptocurrency realms.
Worldcoin was seen as a groundbreaking venture which got people around the world to scan their eyes. Now, with its founder sidelined from OpenAI, the future trajectory of Worldcoin becomes uncertain. It has clearly invited speculation from industry experts.